Micro-Enterprise Reforms, Opportunities, and Growth in Iraq

Closed Posted

Opportunity number
SFOP0008705
Agency
Applications due
Award size
$500,000

Opportunity facts

Assistance listings
Funding instrument
Grant
Category
  • Business and Commerce
Eligible applicants
  • Other

Opportunity details come from Grants.gov. Updated .

About this opportunity

The Department of State's Bureau of Near Eastern Affairs (NEA/AC) is seeking proposals to foster entrepreneurial activity in Iraq through innovative solutions to economic challenges. The project aims to better leverage the Trade and Investment Framework Agreement discussions to unlock Iraq's economic potential, open new markets, and create investment and business opportunities for Iraqi Micro, Small, and Medium-Sized Enterprises (MSMEs). The proposed activities should establish pathways to growth for Iraqi MSMEs by expanding sources of investment beyond donor-subsidized startup capital and increasing access to finance to catalyze growth. The evaluation criteria and key objectives of the grant opportunity include expanding market access, investment, and business opportunities for Iraqi businesses.

The federal grant opportunity has a posted date of May 13, 2022, and a due date of May 15, 2022, leaving a very short turnaround time for proposal submissions. The grant is funded through the Bureau of Near Eastern Affairs (CFDA #19.600), which supports the foreign assistance goals and objectives of the Department of State in the region. While the specific award value or budget range is not provided, the grant aims to provide funding to establish pathways to growth for Iraqi MSMEs.

Synopsis

The Bureau of Near Eastern Affairs' Office of Assistance Coordination (NEA/AC) seeks proposals to foster entrepreneurial activity in Iraq utilizing innovative solutions to economic challenges. The project should include better leveraging and reenergizing of the Trade and Investment Framework Agreement discussions to unlock Iraq's economic potential and open the door to new markets, investment, and business opportunities for Iraqi businesses. Proposed activities will establish pathways to growth for Iraqi Micro, Small, and Medium-Sized Enterprises (MSMEs) by expanding sources of investment beyond donor-subsidized startup capital and increase access to finance to catalyze growth.

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