Promoting Fintech Sector in MENA

The summary for the Promoting Fintech Sector in MENA grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Assistance Coordination, which is the U.S. government agency offering this grant.
Promoting Fintech Sector in MENA: Aligned with the Department of State's regional strategic objective of promoting increased employment, economic growth and U.S. economic and commercial engagement, this funding opportunity seeks to advance this strategic objective through a focus on development of the region's financial technology (Fintech) sector. The initiatives supported under this opportunity will promote the Fintech industry through partnerships, technical assistance, and joint ventures with the private sector from the United States and other regions. Initiatives will encourage the formalization of Fintech enterprises, develop and implement business strategies and models for economic growth, and enhance the development of the entrepreneurial ecosystem for Fintech in the region. Through this funding opportunity, NEA/AC seeks to develop this emerging market and promote U.S. economic interests by encouraging the U.S. private sector to both invest in and facilitate partnerships in the Fintech sector in the MENA region.
Federal Grant Title: Promoting Fintech Sector in MENA
Federal Agency Name: Assistance Coordination (DOS-NEA-AC)
Grant Categories: Business and Commerce
Type of Opportunity: Discretionary
Funding Opportunity Number: SFOP0005694
Type of Funding: Cooperative Agreement
CFDA Numbers: 19.500
CFDA Descriptions: Information not provided
Current Application Deadline: May 20th, 2019
Original Application Deadline: May 20th, 2019
Posted Date: March 28th, 2019
Creation Date: March 28th, 2019
Archive Date: No date given
Total Program Funding: $1,000,000
Maximum Federal Grant Award: $1,000,000
Minimum Federal Grant Award: $500,000
Expected Number of Awards: 2
Cost Sharing or Matching: Yes
Last Updated: March 28th, 2019
Applicants Eligible for this Grant
Others (see text field entitled "Additional Information on Eligibility" for clarification.)
Additional Information on Eligibility
U.S. or foreign: -Non-profit organizations; -For-profit organizations; or -Small businesses with functional and regional experience in the areas of technology and Fintech.
Link to Full Grant Announcement
Link to Opportunity in SAMS Domestic
Grant Announcement Contact
Shane Stryzinski
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