Funding Opportunities for African Businesses:
- XPRIZE Carbon Removal Competition
Start-ups and innovators, high school students , university groups, small to midsize companies, community-based organizations, families and individuals that can create and demonstrate solutions (hybrid, engineered or natural) which can help in the removal of carbon dioxide from the atmosphere or oceans and isolate it durably and comfortably are called to participate in Elon Musk sponsored XPRIZE Carbon Removal Competition. The initiative aims at fighting climate change and rebalancing the Earth’s carbon cycle.
Interested teams must bring about solutions which at the initial stage can pull at least 1000 tonnes of carbon dioxide per year and be scalable to gigatones per year in the future. The competition will last for four years. The winning team will receive $50m while $30m will be distributed amongst three runners-up.
Team registration begins on the 22nd of April, 2021. For more information, visit https://www.xprize.org/prizes/elonmusk
2. 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 2021
3. Royal Academy of Engineering Africa Prize for Engineering Innovation 2022
African innovators that have developed or in the process of developing new technological innovations addressing development needs or challenges affecting their respective countries can apply for Africa Prize for Innovation organized by Royal Academy of Engineering. The developers of selected innovations will receive comprehensive and tailored business training, sector-specific engineering mentoring, communications support, pitching opportunities and also networking access. There will be a competition amongst the trained and mentored candidates with the winner receiving £25,000 and three runners-up receiving £10,000 each. Deadline for application is 20th July, 2021. For more information, visit https://www.raeng.org.uk/global/sustainable-development/africa-prize
4. Africa Startup Initiative Programme (ASIP) 2021 for African startups
Startups in the fields of FinTech, InsureTech, AgriTech, E-commerce, Digital Health and CleanTech are called to participate in theAfrica Startup Initiative Programme (ASIP)2021. 10 selected startups will receive benefits valued at more than €500,000 including credits from Amazon Web Services (AWS), Google Cloud Services and Hubspot. Startupbootcamp (SBC) AfriTech will also invest €15,000 in cash to each startup. For more information, visit https://www.startupbootcamp.org/accelerator/afritech-asip/. Deadline for application is May 14, 2021
5. D-PRIZE CHALLENGE 2021/2022 PRIZE FOR SOCIAL ENTREPRENEURS TO FIGHT POVERTY
Social entrepreneurs from anywhere in the world, of any age, and any background who can distribute proven poverty interventions are called to apply for the latest version of D-Prize Challenge. Organizers of this programme are exclusively interested in ventures that will scale distribution of an already proven intervention in the developing world. Areas of interest are: Health access, Clean water, education, Agriculture, Livelihoods, Energy Public Services and Custom. Both profit and non-profit organizations can apply. All winners will be awarded up to $20,000. For more information on application process, visit https://drive.google.com/file/d/1-pjfft-3Hk66R2eAoVMf4ZdMJuskKbPL/view. Deadline for application is June 27, 2021
6. She Leads Africa High Growth Coaching Program 2021
Women-led startups in Nigeria operating in any sector or industry are invited to participate in the She Leads Africa High Growth Coaching Program 2021. Selected participants will get 3- month intensive training on business and operational training, networking access, check-in calls with a personal business coach on a monthly basis, monthly virtual support group meetings, scorecards every fortnight and support in creating a roadmap of tangible business goals. To apply, visit https://vc4a.com/she-leads-africa/she-leads-africa-high-growth-coaching-program-2021/application/. Applicants should upload their Pitch Deck/Growth Strategy plan during application. Deadline for application is May 31, 2021
7. CBN AGSMEIS Loan
To support agribusinesses and SMEs , the Federal Government of Nigeria has developed the Agri-Business/Small and Medium Enterprise Investment Scheme. Fields of interest: Agriculture & Agro-allied processing; Art & Entertainment; Automobile Services; Fashion and Dressmaking; Catering & Event Management; Courier & Delivery Services; Creative Industry; Apparels and Textiles; I.C.T 10. Cottage Industry; Media; Publishing; Telecommunications; Hospitality; Health Services; Welding & Fabrication; Animal Husbandry; Cosmetics, Beauty and Makeup Artistry; Electrical and Electronics; POP and Tiling; and Carpentry. Successful applicants will get trained, apply for a loan, receive funds and get business support services to adequate make sales. For more information, visit https://nirsalmfb.caderp.com/account/landingpage
8. Africa’s Got Style Fashion Design Competition 2021 (Funded)
Fashion designers, illustrators and enthusiasts based in Africa can apply for a freestyle online fashion design contest called Africa’s Got Style Fashion Design Competition 2021. The initiative is meant to support designers who can combine African textiles and styles to make innovative wears.
A maximum of 108 contestants will participate and 5 of them will emerge winners with the first, second and third winning prizes of $1000, $500 and $300 respectively together with sponsorship, endorsement and equipment empowerment.
To apply visit, https://forms.gle/MTdANmzJPLy5EstaA. Deadline for application is May 17, 2021
9. THET Small Grants for UK Partnerships For Health Systems (UKPHS)
Tropical Health and Education Trust (THET) is welcoming grant application from new and established partnerships in any low and lower middle income country in Sub-Saharan Africa and Southeast Asia that are addressing one or several of the following themes: innovation; gender equality and/or social inclusion; climate change; blended and remote learning. Health start-ups looking for partnerships or having the intention to formalize existing ones can visit http://www.thet.org/get-involved/support-for-health-partnerships/. Grants of up to £50,000 are available. All funded projects are expected to last from 12 to 18 months. For access to all application documents, visit https://www.thet.org/ukphs/ukphs-small-grants-wave-1/. Deadline for application is May 12, 2021.