NEXT Fund for Innovation Application | June 30, 2017
Applications for the NEXT Fund for Innovation are now open. A collaboration of Wells Fargo, OFN, the John D. and Catherine T. MacArthur Foundation, Prudential Financial, and The Kresge Foundation, the NEXT Fund supports business models, products, platforms, or processes holding the ability to drive transformational change and scale in the CDFI industry. Through the NEXT Fund, OFN will provide flexible capital for up to three CDFIs in amounts ranging from $500,000 to $2,000,000.
CDFI loans funds, credit unions, venture capital funds, banks, non-OFN Members, and past NEXT Award winners are eligible to apply. You can read the full application qualifications and guidelines here.
Applications will be accepted on a rolling basis through June 30, 2017, and additional information about the opportunity can be found here.