The Impact Ready Matching Fund (IRMF) is a non-repayable matching fund provided at the seed stage of an impact enterprise, with disbursements linked to milestones in the development of an impact management system. IRMF is a novel approach to supporting early stage impact enterprises, designed to be provided parallel to an investment by seed-stage (e.g. angel) investors. If milestones are met the IRMF matches the seed investment 1:1 and thus lowers the financing cost of the enterprise significantly. The model involves a donor/philanthropic entity committing to provide non-repayable funding to the enterprise against the achievement of milestones linked to the development and implementation of impact management system within the enterprise. The amount of the grant is tied to the amount of investment provided by a third-party private investor. The logic is to provide straightforward support in order to catalyse more early-stage investments while simultaneously incentivising enterprises to improve their impact management capacity. The achievement of the milestones is assessed by the provider of funding or an independent verifier.