YP Innovators Fund

ABOUT THE GRANT

The AGBU Young Professionals (YP) is a growing network of groups and supporters around the world that activates the next generation of Armenian leaders who invest in themselves, their communities and homeland. The YP network creates a pipeline for diverse talents to collaborate and contributes to impactful projects and initiatives. 

In line with YP mission, Noubar Nazarian YP Innovators Fund will create opportunities for the YP groups to start their own projects and become part of a global solution.

Vision and Purpose

Proposals should offer innovative solutions to a specific current problem and have potential to lead to long-term sustainable change, locally or globally – whether in social, economic, cultural or environmental fields.

Funding will be provided to YP projects falling under various categories that relate to social entrepreneurship.  

Categories include but not limited to the following areas of interest:

  • Business/Finance
  • Civic Engagement
  • Education
  • Environment
  • High-tech/ Digital Solutions
  • Health
  • Leadership Development
  • Tourism

 

APPLICATION PROCESS AND GRANT TIMELINE

Eligibility

Applicants should represent AGBU YP groups. The proposals’ mission should fall into above description.  

Terms of the Award

The yearly budgeted financial assistance for the program is capped at $10,000. The applicant(s) may receive up to two years of funding based on the success of the first year’s funding. Innovative proposals with significantly higher cost or requiring greater than two years of funding may still be considered for the funding at the discretion of the grant committee.

The award will be granted every other year during the FOCUS weekend.

 

GRANT PHASES

Submission

The online application will be open during November 1st, 2018 to March 15th, 2019 of every prior year to FOCUS. For example, if FOCUS is held in 2019, the application process will be opened in 2018.

Screening and Pre-selection

Evaluations will be competitive and performed in two stages. A Selection Committee, convened by AGBU, will perform the first stage of assessment selecting 2-4 finalist YP groups. The results for this stage will be announced by April 15th.

Pitching

The pre-selected finalists will have few months till July to get ready for presentation battles during AGBU FOCUS. During the FOCUS conference finalist groups will pitch their projects. The winner group will be selected based on the majority votes of those in attendance.

Finalist are responsible for travel and accommodations to FOCUS, event participation is complimentary.

Grant Provision and Progress Assessment

Grant will be provided by September 1st to the winner YP group.  The grant recipient group is required to complete reports that reflect on its progress towards the outcomes targeted in the grant proposal. The final progress report is due within 30 days following the close of the award year.

How to Apply

YP groups that wish to submit a request for the grant are asked to submit a Letter of Inquiry to the AGBU Central Office via yp@agbu.org email.  

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