TRAID provided core funding to enable CIVA to set up the Innovation Fund in India to make small grants available to organisations working in new ways to promote better health, to promote voluntarism and to build the capacity of communities to improve their own lives.

The first grants made by the Innovation Fund included health improvement projects tackling reproductive health and HIV/ AIDS awareness, immunisation, pre and post natal care, sanitation, community health care and supporting children with disabilities. Grants were also made available to promote philanthropic and voluntary work in India including the launch of a national awards scheme for volunteers, volunteer placements and Youthbank. The Youthbank scheme is led by young people who decide for themselves how and where money is spent.