What we are looking for?
Innovative social businesses that
a) have high potential to create local green jobs;
b) generate high impact improving living conditions for poor communities in Africa;
c) are run by committed founders with strong entrepreneurial skills;
d) require funds to fuel to the next level of growth are at growth stage;
e) improve knowledge or skills transfer to better impact the communities in Africa;
f) focus on inclusion of women or people living in rural areas;
g) are geared towards sustainable long-term local focus rooted in the local context throughout the value chain.
Utilize This Offer
1. Social businesses targeting base of pyramid communities in Africa (impacting population living on less than $2 a day);
2. Social businesses that:
a) have a clear impact generation plan. The impact should be trackable and measurable;
b) are committed to evaluating their own success, with plans to collect data and feedback to help inform decisions;
c) have a clear profitability roadmap;
d) have the potential to create local green jobs, improving living standards of base of pyramid communities in Africa;
e) have been in operations for more than two years;
f) have raised more than $20,000 in either grant, convertible grants, venture capital or private equity at the time of submission;
g) are post pilot and are generating revenue of $20,000 month by month for the last 6 months by the time of application submission;
h) are open to discuss franchise approach as part of scaling model.
3. Teams must be:
a) able to demonstrate strong knowledge of the problems they are addressing and what approaches are likely to work in the local environment surrounding their enterprise (e.g. operational, geographical, political, or social context);
b) fully proficient in written and spoken English.
4. The founding individuals must:
a) be above 18 years of age at the time of the application;
b) be African nationals OR currently living or working in Africa, with a regional perspective;
c) commit to participate in the initiative. Lack of commitment or active engagement will render the team or innovation ineligible for the program.
Business that have clear, ideally regional, scale and growth plans to reach millions of people living on less than $2 a day in Africa are highly preferred.
Impacc work with social business founders showing the relevant expertise and capabilities to achieve success.
Let’s see if we can support your social start-up to maximise your impact.
We will support you in transforming your local ecosystem by creating inclusive and sustainable growth through our:
> Financial Support;
> Business Growth Support.
In order to make sure that you fit our investment criteria, we undertake a rigorous selection and due diligence process.
Application deadline: 15th June 2021.
Fir more information please visit https://www.impacc.org/en/venture-application/