World Bank infoDev

World Bank infoDev is a global multi-donor program administered by the World Bank Group that provides financing and technical assistance to growth-oriented entrepreneurs in developing economies. The initiative operates through specialized partnerships, including the Climate Technology Program and the Entrepreneurship Program for Innovation in the Caribbean, to establish local incubators and mobile application labs. Between 2012 and 2022, the program's $25.5 million Multi-donor Trust Fund mobilized $3.4 billion in additional lending and historically distributed institutional grants ranging from $50,000 to over $1 million. The fund receives backing and operational support from international entities including the International Finance Corporation, UK Aid, and the Swedish International Development Cooperation Agency. This resource is intended for early-stage startups, small enterprises, and local accelerators in emerging markets seeking capital and ecosystem support to scale digital, agribusiness, and climate technology solutions.

At a Glance

World Bank infoDev is a multi-donor trust fund with $25.5 million supporting growth-oriented entrepreneurs in developing economies. As a global partnership program within the World Bank Group, infoDev provides business incubation, seed funding, mentoring, and market access support to entrepreneurs whose businesses can drive economic growth and job creation in emerging markets. The program operates through a network of partner organizations and innovation hubs across Africa, Asia, Latin America, and the Caribbean.

Eligibility

Growth-oriented entrepreneurs in developing economies are eligible. The program targets founders building scalable businesses that address market opportunities in sectors including agribusiness, climate technology, digital innovation, and creative industries. Entrepreneurs should demonstrate a viable business model, growth ambition, and potential for job creation. Access to specific programs varies by geography and sector focus, with different initiatives targeting different developing regions and themes.

What You Get

infoDev provides a comprehensive support package including business incubation through its global network of innovation hubs, seed funding for early-stage ventures, mentoring from experienced entrepreneurs and industry experts, and connections to markets and investors. Specific programs offer structured acceleration, pitch competitions, and access to the World Bank Group's development network. The program emphasizes building sustainable entrepreneurial ecosystems rather than just funding individual companies.

How to Apply

Access infoDev programs through local partner organizations and innovation hubs in developing countries. The World Bank's infoDev website lists active programs, partner networks, and current opportunities. Some programs accept direct applications while others recruit through local partners. Application requirements vary by program but typically include a business plan, demonstration of market opportunity, and evidence of growth potential. Monitoring infoDev announcements and engaging with local innovation ecosystem partners is recommended.

Past Recipients

infoDev has supported thousands of entrepreneurs across developing economies, including agribusiness innovators in Sub-Saharan Africa, digital platform founders in South Asia, climate technology startups in Latin America, and creative industry entrepreneurs in the Caribbean. The program's Climate Technology Program, mAgri initiative, and various regional innovation hubs have collectively created jobs, generated revenue, and demonstrated the viability of entrepreneurship-led development.