The Islamic Development Bank’s Transform Fund has launched its 4th Call for Innovation!

Innovative projects, aimed at improving IsDB member countries’ recovery from the COVID-19, are invited to submit their application before 31 May 2021.


The Transform Fund Call for Innovation 2021 focuses entirely on ‘Building resilience through innovation in response to the COVID-19 pandemic’, to shape a more sustainable and prosperous future.

Launched in 2018 by the Islamic Development Bank, the Transform Fund (US $500 million) intends to harness the power of Science, Technology, and Innovation (STI) in order to help its 57 member countries (22 of which are also members of the OACPS, see the list) tackle development challenges. The Fund invests in testing early-stage innovative ideas and in scaling innovation by providing seed money for innovators, entrepreneurs, startups, SMEs, and institutions. It provides needed initial funding or growth capital to develop and commercialize innovations with potential economic and social impact.

The Call for Innovation will identify and reward innovative, high impact proposals that support the following SDGs:


More information: Call for Innovation