Funding Opportunities for African Businesses
- Kofi Annan Award for Innovation in Africa 2021
Kofi Annan Award for Innovation is luring social entrepreneurs across Africa with digital or technology-powered solutions which are addressing challenges such as availability and access to safe, effective, quality and affordable essential medicines and vaccines; availability of quality essential health-care services, availability and access to mental health service; early warning, risk reduction and management of health risks; and improvement on financial risk protection for the most vulnerable.
Applications will be evaluated based on their impact and scalability, level of team-based approach, innovativeness, traction and business model.
Nine teams will be invited to participate in a fully virtual WFP innovation programme where they will have access to mentorship, networks and development of their ideas. Projects that make it to the bootcamp can apply for €250,000 from the Austrian Development Agency and three will be awarded the cash prize.
For more information, visit
https://airtable.com/shrcjboimxAMv9OxU. Deadline for application is December 1, 2021
2. Call for Ideas: Global Innovation Lab for Climate Entrepreneurs
Global Innovation Lab for Climate Finance is looking for ideas that can address the most difficult climate and sustainable development challenges and investment opportunities for a net zero economy
These solutions should offer returns for private investors, create jobs and other local economic benefits, sustain biodiversity, improve climate resilience and/or decrease emissions.
Ideas will be selected based on how actionable, innovative, catalytic and sustainable they are.
Owners of selected ideas will work with a team of analysts, key stakeholders and experts to do the following:
- Develop or refine the mechanics of other ideas
- Survey comparable instruments, ensuring the final instrument is innovative and impactful
- Develop robust financial modelling
- Assess and document potential social and environmental impacts
- Map risks and risk mitigation strategies
- Develop a detailed implementation plan.
- Produce promotional content
- Present ideas to donors and investors
- Potentially receive endorsement from the lab.
To submit an idea, visit https://climatefinancelab.submittable.com/submit. Deadline for application is December 22, 2021
3. The Jim Leech Mastercard Foundation
African students and recent graduates willing to solve pressing issues and bring entrepreneurial ideas to life are called to apply for Jim Leech Mastercard Foundation Fellowship to benefit quality in-class training; global visibility and network; mentorship; and financial support.
The programme timeline includes: the EXPLORE PHASE (December to February 2022), the IGNITE PHASE ( February to April 2022), and the JIM LEECH MASTER CARD FOUNDATION ON ENTERPRENEURSHIP ( May to Aug 2022).
Participants will graduate in August 2022. After the programme, fellows will keep receiving post-incubation services , support, and pitch competition opportunities.
To apply, visit https://queensu.qualtrics.com/jfe/form/SV_a9Rt3D6OFjFb3sG
4. MiT Solv[ED] Youth Innovation Challenge
Young African Innovators at age 24 or less are called to participate in MiT Solv[ED] Youth Innovation Challenge aimed at supporting, encouraging and improving them to be problem-solvers in their communities and the world. Focus will be on tech-based solutions that: improve learning opportunities and outcomes for learners across their lifetimes from early childhood; support financial and economic opportunities for all; accelerate care access and health outcomes; reducing and, ultimately eliminating, disparities in health; take action to combat climate change and its impacts; and address an unmet social, environmental and economic need not covered in the aforementioned.
10 Innovators will be selected and £200,000 will be shared amongst them. They will also receive mentorship and coaching from members of the MiT and MiT Solve Community. For more information, visit https://solve.mit.edu/challenges/solv-ed-youth-innovation-challenge# Deadline for application is January 18, 2022
5. Orange Corners Nigeria Incubation Programme for 2022 Young Entrepreneurs
Nigeria-based aspiring entrepreneurs from ages 18-35 years are invited to apply for participation in Orange Corners Nigeria’s 6-month incubation programme which will provide them with the required foundational entrepreneurial knowledge, tools and resources, networks and support needed for sustainable growth.
Major benefits of participation are the following: enterprise management training, business incubation & advisory services and funding for prototype development & testing.
Interested applicants must have a validated business concept birthed within the last two years. This concept has to respond to a local challenge in Nigeria and it must be related to the Sustainable Developments Goals.
Selection will be based on innovativeness, feasible, social impact, clarity, sustainability and scalability of the business idea and competence of the entrepreneur/team.
To apply, visit https://forms.office.com/Pages/ResponsePage.aspx?id=5wBNzrW5AEa95MUYBbtPlVS92aJcNUdNro49Q-g_iP5UMkNHT0w2UEZXVktRU1pGMFRJM005Q09ZWiQlQCN0PWcu
6. Anzisha Prize Fellowship Programme for Young African Entrepreneurs
Young African entrepreneurs (in any field) within the age bracket 15-22years with businesses located within Africa are called to apply for participation in The Anzisha Prize Fellowship Programme.
The initiative is a 3-year programme that supports and champions entrepreneurs. In the course of the programme, businesses that are exceptional in terms of growth will be granted benefits and services such as short courses, cloud services and stipends. After the second year, entrepreneurs will pitch their businesses and achievements for a chance to win a value of up to $140,000.
The four categories of the grand prizes are the following: Job creation prize, storytelling prize, integrating systems and processes prize. At the end of the 3-year programme, the fellows will graduate and join the Anzisha Prize alumni network. To apply, visit https://ala.submittable.com/submit/206822/2022-anzisha-prize-applications
7. The Ag Plastics Innovation Challenge 2021 for Innovators and Entrepreneurs
Startups, innovators, entrepreneurs, research institutes and SMEs with solutions to pollution caused by plastic mulch films are called to apply to the Ag Plastics Innovation Challenge. The programme which is organised by a partnership between Driscoll’s and Think Beyond Plastic aims to speed up innovative solutions aimed at the development of the next generation of field plastics as benign and recyclable alternatives to today’s conventional materials…
Participants will have access to mentorship and support, and also access to Driscoll’s and industry partners R&D, business and marketing teams..
The four tracks of the challenge are:new materials, new design, new or improved collection and/or recycling methodologies and waste-to-energy innovation.
Innovations will be assessed based on their level, business vaiability and sustainability
To apply, visit https://www.tbpinnovate.com/agplasticsinnovation Deadline for application is November 30, 2021
8. Tony Elumelu Foundation (TEF) Women Entrepreneurship for (WE4A) Programme for Female Entrepreneurs
Female entrepreneurs from the Tony Elumelu Foundation (TEF) Alumni network with working products and customers are called to apply for the Women Entrepreneurship for Africa (WE4A) programme that seeks to provide 120 participants with access to €10,000 in grant funding and also three months of technical support.
The acceleration/growth programme sponsored by the European Union (EU), the Organization of African, Caribbean and Pacific States (OACPS), and the German Federal Ministry of Economic Coperation and Development (BMZ), aims to improve the capacity of the women-led entrepresis to increase their chances of raising additional funding from private sector investors. 15 stand-out entrepreneurs will benefit €50,000 and also a get enrolled in a growth programme. To apply, visit https://share.hsforms.com/1_mfxOO_RQ4y-GMX0_5KM2A3yjcn
9. Accountability Incubator Programme for Young Civic Innovators
Young people who are creative and enterprising with innovative ideas to improve accountability in their communities are called to participate in Accountability Lab’s flagship programme for young change makers to build sustainable, effective tools for change. Special consideration will be for women, people with disabilities and other minority groups.
Benefits of participating in the incubator programme are training and knowledge-building, mentoring, network building and media outreach support. All the aforementioned benefits will be delivered virtually with in-person “friendraisers”, events and networking in a secure place, taking into consideration the Covid-19 pandemic. Residents of DRC, Kenya, Liberia, Mali, Mexico, Nepal, Niger, Nigeria, Pakistan, South Africa, Uganda and Zimbabwe are eligible to apply. To apply, visit https://docs.google.com/forms/d/e/1FAIpQLScMheOb2Ppoml5j4O50rhPRsVQD21UrMubiT9YXVe859fbNHQ/viewform
10. HiiL/FATE Foundation Justice Entrepreneurship School (JES) 2021 for West African Entrepreneurs
West Africa based emerging social entrepreneurs working on preventing or resolving pressing justice issues in employment, family, neighborhood, crime, land, housing, small business, public sector, consumer protection and money are called to apply for the Justice Entrepreneurship School (JES). The programme which is organized by partnership of the Hague Institute for Innovation of Law (HiiL) and FATE Foundation is designed to help participants become more knowledgeable on how to build and sustain innovative businesses which can solve today’s Justice Problems. It is tuition free and will last for eight weeks. To apply, visit https://forms.office.com/r/ZrFnJtHf4a
11. Cherie Blair Foundation for Women Road to Growth Programme
Cherie Blair Foundation for Women in partnership with ExxonMobil Foundation has organised a seven-week intensive learning course to build Nigerian women entrepreneurs’ business management skills and investment readiness. The programme is titled Road To Growth.
Over the years, the partnership has supported more than 22,500 women in Nigeria.
For more information about the programme, visit https://cherieblairfoundation.org/r2g4-launch-nigeria/
12. Africa’s Business Heroes Competition
African social entrepreneurs who are impacting positively on their communities are called to participate in Africa’ Business Heroes Competition founded by Jack Ma. The purpose of the competition is to spot and grant support to the next generation of African sociopreneurs in their quest for a more sustainable and inclusive economy for the future. Ten finalists will compete for a share of $1.5 million. Other benefits are: global recognition, networking, mentorship and training. To apply, visit https://africabusinessheroes.org/en/the-prize/overview. Application opens from June 7, 2021 to November 30, 2021
13. Milken-Motsepe Innovation Prize for Agri-tech Solutions
Innovators with agri-tech solutions which are able to increase economic value to farmers are called to participate in Milken-Motsepe Innovation Prize Programme 2021
The competition focuses on accelerating progress in achieving Sustainable Development Goals (SDGs) 1 and 2: no poverty, no hunger. There are two competition rounds: (1) Design round where teams will submit their design and business model (2) Finalist round where teams will develop their prototypes and conduct field tests on small and medium-sized farms in Africa.
All participating teams will receive a 12-week experiential learning program courtesy of Stanford Center for Professional Development. Upon completion, a certificate will be issued. There will also be mentoring from industry experts and pitch/feedback sessions
Winning teams will receive $1m grand prize with $1m additional prizes.
They will also have access to: investors, data analysis and networking opportunities. For more information, visit https://milkenmotsepeprize.org/. Deadline for application is December 8, 2021