Resource Exchange

Offer
Funding

Impacc Venture: Call for Innovative Social Businesses in Africa

Ana Isabel Paraguay
Posted May 12, 2021 from Brazil
Expired on June 14, 2021
Impacc venture logo
Impacc venture logo

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

Eligibility criteria:
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/

Comments 4

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Ana Isabel Paraguay
May 12
May 12

Friendly reminders:
1. Study similar calls (open and closed ones) that interest you, in order to discover what they have in common and how you can think ahead/plan to apply = increase your chances of success!
2. Prepare/update paperwork (certificates and attests usually required by calls such this one);
3. Write - baby steps... - and discuss a project draft, to validate within your group the priorities of the proposal(s) and to train your grant writing skills as well;
4. Do not wait to find a call and then start writing your proposal / project. Start now!!!
5. Do visit regularly the World Pulse website to make customized searches for grant opportunities. How?
a) Click on the Menu (left upper corner);
b) Type the name of your country in the search area (blank space); click enter;
c) Click on Filters;
d) Click on Resource;
e) Browse the results (opportunities) that will show up, by chronological order of posting;
6. Spread the word about your failures and achievements in grant requests. Yes, tell these stories too... They will enlighten and inspire your network;
7. Share the opportunities that do not apply to you but can interest others;
8. Instead of copying this posting in order to share it, please forward the link of this page. Hence more people will get to know World Pulse, this website and/or its Resources section!
Best,
Ana Isabel

Jill Langhus
May 14
May 14

Thanks, Ana.

Amelework Yilma
May 16
May 16

Hallow
This is Amelework from Este Africa country name Ethiopia. This year we have a business plan to set up dicker for the community. This dicker income will be helping empower the poor women, and also the women go to work we can kippe her childe for free. can we applies on this grant?
Thank you
Amelework

Ana Isabel Paraguay
May 16
May 16

Hello.
Read carefully the eligibility criteria as summarized above in my posting.
If your organization meets all the required criteria, move foward and read thoroughly the other topics of this call. Note down your doubts, comments, questions.
Then visit the source (website) to get to know the full call.
All related information and the 'How to Apply' instructions as well are posted there.
Good work and good luck!