Due to the overwhelming number of applications, IPSD is pausing all applications for the Co-Investment grant, the IGNITE program, and Nexus grant program. The World Bank, working with the EU and other donors, has agreed to provide additional financing for an IPSD 2 project. It is estimated that the applications for these programs shall re-open in the last quarter of 2023.
ِThe IGNITE Program aims to enhance the investment deal flow in the Palestinian Ecosystem by supporting innovative startups and SMEs that have high business and investment potential to develop business financing strategies and attract private investment. IGNITE will include both technical assistance and coaching as well as grant funding, delivered in two stages:
IPSD welcomes Palestinian startups and SMEs that: (a) possess an innovation-driven business model; (b) are technology-enabled businesses; (c) have a technology-based product; and/or (d) have high growth potential – regardless of their sector – to apply for the IGNITE program.
The project targets firms with the following key characteristics: (a) high potential of capital-raising intent in the next 3-9 months; (b) regional scalability; and (c) high growth potential in terms of revenues, employees, product/market expansion and/or investment.
Each firm applying for the IGNITE program must meet the following eligibility criteria: