Home Call for Applications Impacc Venture Program 2023 for East African Entrepreneurs

Impacc Venture Program 2023 for East African Entrepreneurs

by OFA

Application Deadline:  March 31st, 2023. 

  • Are you an entrepreneur in Tanzania, Rwanda, or Uganda?
  • With an innovative, local, green product or service?
  • Creating sustainable jobs?
  • In bottom of pyramid communities?
  • In need of funding to scale your social business?
  • Looking for a true partner at eye level?

Selected entrepreneurs will not only receive funding within 6-12 months but also customized technical support to complement their efforts in building scalable businesses that create local, green jobs.

Requirements

Innovative social businesses that:

  • are run by committed founders with strong entrepreneurial skills
  • have a proven business model and can demonstrate potential and ability to scale
  • require funds to fuel the next level of growth
  • have high potential to create local green jobs and improve living conditions for their communities
  • are rooted in the local economy throughout the value chain
  • use technology (high-tech or low-tech) or knowledge/skills transfer to generate impact
  • focus on inclusion of women or people living in rural areas
Financial Support
  • Smart equity investment between $30,000 and $150,000
  • Non-profit, minority shareholding 
  • Based on agreed business valuation and investment consideration 
  • Potential to receive additional loan facility beyond initial equity funding to scale the business further
  • Further fundraising support and tools
Business Growth Support
  • As an investor in the business, we become a partner that provides guidance on strategy and planning.
  • Impacc occupies 1 to 2 board seats.
  • The business receives mentorship from key industry expertise and coaches to provide tailored support.
  • Social media strategy support.
  • Specialized, one on one coaching with founders.
  • Access to the Impacc global network and partners to help grow and scale the business
  • Branding strategy support.

For More Information:

Visit the Official Webpage of the Impacc Venture Program 2023

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