Malawi Innovation Challenge Fund — Matching Grants Turning Inclusive-Business Ideas into Jobs
Malawi
Since 2014, Malawi's donor-backed Innovation Challenge Fund has matched over 50 private firms' innovation costs, helping create more than 2,000 …
Gambia · Banjul · See the Gambia profile · See the Banjul profile
Evidence: Observational / pre–post Top 50% 67/100 · Ask Evidence Copilot about this practice
A six-year, $12.8m EU-funded programme trained 5,350 young Gambians and backed 4,600 with entrepreneurship advice, mini-grants and market access, generating an estimated 4,300 jobs; by September 2020, 91% of grant-funded businesses had kept their staff through the pandemic.
The Gambia's 2016-17 political transition coincided with high youth unemployment and heavy outward migration toward Europe. The Youth Empowerment Project (YEP) was designed under the EU Emergency Trust Fund for Africa to address the economic root causes of that migration by building livelihoods for young Gambians at home.
To combine vocational and soft-skills training, entrepreneurship advisory services, and a Mini-Grant Scheme to create livelihoods in agribusiness, tourism and services — sectors judged to have the largest job-creation potential.
Running from February 2017 to December 2022 with EUR/USD financing of about $12.8m, YEP delivered training, advisory services and mini-grants of up to GMD47,000 (funded by a roughly $250,000 pool) for equipment, materials and other start-up assets. Delivery ran through more than 20 local implementing partners alongside the Gambian Ministries of Trade and of Youth & Sports.
By completion, YEP had trained 5,350 young people and supported 4,600 through advisory services, market access or finance, contributing to an estimated 4,300 jobs. A September 2020 survey of Mini-Grant beneficiaries found 91% of grant-funded companies had maintained their employee count despite the COVID-19 shock. The scheme was extended with a dedicated COVID-19 relief window reaching 255 further beneficiaries by end of 2020; cumulatively the Mini-Grant Scheme is credited with sustaining 382 existing jobs and creating 833 new ones.
These figures come from the programme's own monitoring platforms rather than an independent counterfactual evaluation, so they describe outputs and reported retention rather than causally attributed impact — a caveat worth weighing alongside the otherwise consistent, cross-sourced figures. The programme ran its planned six-year cycle and closed in December 2022.
National / regional programmes Philanthropic / foundation funding
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Malawi
Since 2014, Malawi's donor-backed Innovation Challenge Fund has matched over 50 private firms' innovation costs, helping create more than 2,000 …
Tajikistan
A $30M World Bank IDA grant funded 526 matching grants and rural infrastructure for tourism and agribusiness MSMEs in Tajikistan's …
Ghana
Ghana's national youth-enterprise fund pairs tiered business training with matching grants. By late 2023 it had trained 36,000+ young entrepreneurs …
Lebanon
Founded in 2000 by ~50 Lebanese banks, Kafalat guarantees SME loans in five priority sectors, using reserve-requirement exemptions to drive …
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