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OPEC Fund Annual Award for Development (AAD)
https://opecfund.org/what-we-do/special-initiatives/annual-award
Overview
| Donor: | OPEC Fund |
| Application procedure: | Online Application |
| Donor base: | Austria |
| Reference number: | - |
| Eligible applicants: | Individual, Non-Profit Organisation, Social Business |
| Deadline: | 23.03.2026 |
Financial details
| Grant size: | Medium - up to $1,000,000 |
| Minimum grant size: | 100.000$ |
| Total available budget: | 800.000$ |
| Funding type: | Prize |
| Maximum grant size: | 450.000$ |
| Funding ratio: | up to 100% |
Sectors
- Children & Youth
- Economic Development
- Research, Technology & Innovation
Project Locations
Africa
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Western Sahara, Zambia, Zimbabwe
America
Antigua and Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, French Guiana, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Uruguay, Venezuela
Asia
Afghanistan, Azerbaijan, Bahrain, Bangladesh, Bhutan, Brunei, Cambodia, China, East Timor, India, Indonesia, Iran, Iraq, Israel, Japan, Jordan, Kazakhstan, Korea, Kuwait, Kyrgyzstan, Laos, Lebanon, Malaysia, Maldives, Mongolia, Myanmar, Nepal, North Korea, Oman, Pakistan, Palestine, Philippines, Qatar, Russian Federation, Saudi Arabia, Singapore, South Korea, Sri Lanka, Syria, Taiwan, Tajikistan, Thailand, Turkey, Turkmenistan, United Arab Emirates, Uzbekistan, Vietnam, West Bank and Gaza, Yemen
Europe
Albania, Armenia, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Georgia, Hungary, Kosovo, Latvia, Lithuania, Moldova, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, Slovenia, Ukraine
Pacific
Fiji, Kiribati, Marshall Islands, Micronesia, Nauru, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, Vanuatu
Description
1) Objective
The Annual Award for Development (AAD) recognizes outstanding contributions to sustainable development. First introduced in 2006, the AAD has evolved in OPEC Fund’s 50th Anniversary year to better reflect today’s development priorities and emerging opportunities. Awards are given in three categories: Transformational Impact, Innovation for Development and Youth Entrepreneurship—with a total prize value of US$800,000. The AAD celebrates innovation, measurable impact and South–South cooperation, recognizing initiatives that deliver tangible, scalable and lasting results for people and communities:
- Transformational Impact Award – US$450,000: Recognizes public institutions and development agencies delivering high-impact programs in OPEC Fund partner countries.
- Innovation for Development Award – US$250,000: Honors startups, private companies, social enterprises and research institutions advancing innovative solutions to development challenges in OPEC Fund partner countries.
- Youth Entrepreneurship Award – US$100,000: Celebrates entrepreneurs under 30 years of age driving solutions in renewable energy, food security or climate action in OPEC Fund partner or member countries.
2) Eligibility
Eligible are public institutions and development agencies, startups, private companies, social enterprises and research institutions, young entrepreneurs advancing solutions in renewable energy, food security, or climate action from OPEC Fund partner and member countries.
3) Location
Actions can take place worldwide.
4) Budget
See above
5) Application
The application deadline is 23 March 2026.