Mercy Corps Ventures invests in and catalyzes venture-led solutions to help marginalized individuals and communities become more resilient.
Mercy Corps, founded in 2015 as the impact investment arm of a global development organization, has helped 41 early-stage enterprises scale and secure over $333.9 million in follow-on finance.
The Fund’s goal is to foster global financial inclusion and climate resilience through a series of pilots, accumulating evidence to demonstrate the scalability of blockchain-enabled solutions in positively impacting emerging markets.
Worldwide, 1.4 billion adults are unbanked and have no access to the financial system. Almost 60% of those excluded are women.
Women’s isolation from the financial system leads to inferior life outcomes for themselves and their families, as well as limiting society’s overall effectiveness.
At the same time, 3.3 billion people’s daily lives are jeopardized and particularly vulnerable to climate change.
Climate change is estimated to force 130 million people into poverty by 2030, with emerging countries bearing 75-80% of the burden.
Youth, smallholder farmers, informal merchants, gig workers, displaced populations, and women are particularly affected in emerging markets.
Mercy Corps Ventures (MCV) is searching for entrepreneurs and organizations that use Web3 and blockchain technologies to provide solutions for underprivileged communities in Africa, South and Southeast Asia, Latin America, the Caribbean, the Middle East, the Pacific Islands, and the Western Balkans.
Critical areas of interest include, but are not limited to, the following:
- Credit availability for under banked customers
- Climate resilience solutions based on nature
- Humanitarian assistance distribution
- Supply chains that are transparent
- Wallets that support cryptocurrency for underserved users
The Fund will award up to $100,000 in equity-free grants to ten qualified entrepreneurs. MCV will give mentorship, impact measurement advisory, access to partnership opportunities, information exchange, and brand exposure in addition to capital.
MCV got approximately 200 applications from 50+ countries throughout the world in the first phase of the Fund, which began in 2022.
Empowa, which is using NFTs to fuel affordable, climate-smart housing in Mozambique, Atlantis DAO, which is building a decentralized token network for clean water access in India, and Forest Carbon, which is working with Web3 to build equitable carbon offset projects in Indonesia, were among the winners (launch blog coming soon).
MCV is interested in hearing about your pilot concept, whether you are interested in crypto or Web3-native.
Deadline for application: Thursday, 31 March 2023
Click here to apply for Mercy Corps Ventures fund.
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