APPLICATIONS FOR THE SECOND COHORT ARE NOW OPEN for the investing in Africa i3 programme.
If you are an African entrepreneur creating a solution to a health product distribution challenge in Africa, we invite you to apply for the 2023 cohort. You stand the chance of receiving a $50,000 grant as well as access to leading donors, industry and institutional players who will support introductions to customers. Up to 30 companies will be selected this round.
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Eligibility requirement
TO BE ELIGIBLE TO APPLY, STARTUPS MUST FULFILL THE FOLLOWING CRITERIA
epresentative of the business must be a founder / co-founder, and at least 18 years old with a valid ID document.
Company must be owned, led or operated by an African(s). We define this as having an African national with long-term control and management of the business, an equity stake and an active role in both strategic and day-to-day decision making. Organization does not need to be headquartered in Africa.
Business must have a legal presence on the African continent.
Business offerings must be focused on serving the needs of African customers
Business must be in the early or growth stage as defined below. Nascent/idea stage companies, or mature companies (e.g. mature incumbent distribution businesses) are not be eligible.
EARLY STAGE –
You must have clearly defined your market, validated customer demand, developed a working prototype and product map, and begun to generate revenue, with a strong plan to scale and sustain growth
GROWTH STAGE –
You must have strong, well-defined revenue model, sales, and operational capabilities. Your Products and service must be primed to scale, and customer acquisition costs must be declining. You must have evidence of customer acceptance of your products (reflected in sales volumes, beyond early adopters).
Companies must fulfill all five criteria to be eligible to be reviewed.
Benefits
Bukola Owo-Bello is a spirited storyteller, content creator and YouTuber who loves sharing amazing opportunities, inspiration, and ideas with forward-thinking African youths.
Follow her on YouTube, TikTok and Instagram on @BukkiTalks
