Application Deadline: February 14th, 2023
The Standard Chartered Women in Technology Incubator is Africa’s leading incubator programme for female-led and founded businesses. It aligns with calls for more diversity in technology, and entrepreneurship and for more opportunities for women to develop entrepreneurial and leadership excellence. This speaks to the bank’s Sustainability and Community Engagement strategy and focuses on supporting innovation, infrastructure and technology.
The key objective of the incubator programme is to help Zambian women entrepreneurs or business owners who want to or are using digital technology to grow their businesses but lack the necessary support. The programme is designed to provide targeted support in business operations, digitisation and digital transformation, accounting and financial management. The outcome of the programme is to support female-led entrepreneurial teams with training, mentorship and seed funding.
Requirements
- The business owner must be a Zambian female founder or co-founder over 18 years of age and with an equal or majority stake
- The business must be based and operating in Zambia
- The business must already be using digital technology, or have a clear need to incorporate digital technology to enable their business to grow
- The business owner must be of Zambian nationality
- The business must have been registered with PACRA for at least 3 months
- The business owner may be seeking support for customer, product, and/or business model development
- Key persons of the business (preferably 2 founders) must be available to undertake the 3-month incubation programme from March to May 2023
- The top 5 winners of the incubation programme must be able to attend a 5-month acceleration programme from 21st June to 21st November
- The prize fund is primarily for building the digital technology and any balance to be used in the business
Benefits
Business Incubation
Three (3) months of learning experience in business management and operations
Personalised Mentorship
Personalised mentorship for all participants & their business needs
Planning and Support
Access to legal, accounting, financial planning & tech support
Networking & Expert help
Access to networking opportunities with fellow successful applicants and industry experts
Alumni Opportunity
An opportunity to join BongoHive’s supportive Alumni Network
Funding Opportunities
$10,000 equity-free grant seed funding for the top five (5) finalists from the incubation programme to assist with the implementation of technology in their businesses
Continued Support
Five (5) months ongoing support from Standard Chartered, BongoHive & a network of coaches and mentors to assist with go-to-market strategies and scaling-up for the top five (5) finalists
For More Information:
Visit the Official Webpage of the Standard Chartered Women in Tech Incubation Programme