Once the application process is open, you will have access to our online application form, where you will be required to answer a set of questions detailing the initiative. The application also requires a 90 second video and detailed financial information (details within application form).
Before applying, please check that your initiative fits one of our funding priorities; Quality Education, Local Economic Development and Employment or Community Development. Please ensure that you have all required information before you begin; budget breakdown, business plan and so on.
For further inquiries regarding Si3 and the application process, please check the FAQ’s or contact us at email@example.com , 03-6965244 Etx. 4 (Hila Katz).
We look forward to receiving your application.
What types of investment will UJIA make?
We will consider all types of investment vehicles, including loans, social impact bonds, CLA and equity, provided the UJIA investment parameters are met. This process is NOT open for grants.
Which enterprises can apply?
UJIA Si3 considers proposals made by either non-profit or for-profit organisation, located in Israel or Israel-based.
What happens after applications are submitted?
We will then assess these details and contact you for further information should we wish to receive further information and proceed to advanced stages. Applications will be reviewed and a shortlist will be asked to submit more detailed information for due diligence. This process may take a few weeks and all companies will be notified about their status.
Who will decide?
UJIA’s Si3 professional staff, Advisors Committee and Investment Committee will review all proposals. Final investment decision will be made during the second quarter of the year by our UK based Investment Committee.
Can UJIA invest in non-charitable and/or tech companies?
UJIA can make an investment in a non-charitable company as long as its social mission is in line with the aims of the UJIA, that any additional private benefit will not be excessive, and the investment clearly be for public benefit.
What level of financial return is the UJIA seeking?
UJIA aims to recycle funds and to recover all our financial investments together with a financial return, as well as secure a clear and measurable social return. UJIA does recognise that social investments may attract a lower financial return than market returns for the equivalent risk, but we believe this will be compensated for by the social return.
What are the repayment terms?
UJIA does not have set interest rates or repayment terms; it depends on the type of investment, goals of the requesting organisation and what the social impact is likely to be.
What is the maximum investment amount available?
UJIA would expect to invest up to a maximum of NIS 400,000 per initiative in loan or up to a maximum of 50% in equity position.
If your application is unsuccessful?
Although we want to help and invest in as much as more initiatives, unfortunately we receive far more applications than we are able to fund. We appreciate how challenging fundraising can be and if your work doesn’t fit with our priorities please feel free to contact us so we may be of an assistance.