LIFT provides a matching grant to innovative business projects to help absorb some of the commercial risk in triggering innovation, speeding up implementation of new business models and/or technologies that have an impact on reducing the transport and logistics costs and time in the EAC.
LIFT will consider grant funds requested by an individual applicant in the range of between US$100,000 and US$750,000. However, larger funding requests for projects with the potential to deliver sizeable impacts in terms of their potential to reduce transit times and/or the costs of logistics and transport services in the East African Community (EAC) will be considered.
The project promoters, including the lead company, collaborating organizations and third parties such as co-investors or banks and other lenders must provide matching funds of at least 50% of the total cost of the project. Contributions can be made through a combination of in-kind and cash contributions and will be assessed on a case-by-case basis dependent on the logic model of the individual project proposed. A logic model (also known as a logical framework, theory of change, or program matrix) is a systematic and visual way to present and share your understanding of the relationships among the resources you have to operate your program, the activities you plan, and the changes or results you hope to achieve. In short, it allows you to evaluate the effectiveness of your program.
Projects are expected to compete for our investment against our 2 outcome priorities, as shown below:
1. Increase Efficiency and/or Reduce Costs in the Transport and Logistics Sector in the East African Community (EAC)
Bids must be led by the private sector firms but implementation can be supported by other organisations. By way of example: e-portals and information exchanges, and services; platforms for SMEs to collaborate such as pallet networks; 4PL providers seeking to enter the EAC market; value added packaging, innovative cold storage facilities, warehousing; etc. The total value of grants must be between USD 200,000 to USD 750,000.
2. Supporting Policy Change and Advocacy to Improve the Functioning of the Transport and Logistics Sector in the EAC
Bids can be led by Civil Society Organisations however, they must be able to demonstrate their technological and financial capacity to implement their project. By way of example: Removing the inconsistencies in the application of EAC agreements; removing restrictions on cabotage and third party restrictions; etc. The total value of grants must be between US$100,000 to US$150,000.
Applicants must be able to demonstrate that they can contribute a minimum of 50% of their total project costs, in the case of projects aligned against outcome 1. LIFT will provide up to 100% project grant cover for projects that are aligned with priority 2.