Global Innovation Fund

Do you have a solution that creates a positive social, economic, and environmental impact in your country? Apply for funding from the Global Innovation Fund.

Do you have a solution that creates a positive social, economic, and environmental impact in your country? Apply for funding from the Global Innovation Fund.

The Global Innovation Fund (GIF), an initiative aiming to support and scale innovative solutions to global development challenges, invites applicants for the 2023 edition. Launched in 2014, GIF provides funding, expertise, and networks to help innovators turn their ideas into impactful solutions. The primary aim of the Global Innovation Fund is to identify and support innovative ideas that have the potential to create positive social, economic, and environmental impact in developing countries.

The GIF program is designed to benefit individuals and organizations, including entrepreneurs, researchers, social enterprises, non-profit organizations, and government entities. The program mainly focuses on supporting innovations that address the needs of vulnerable populations, such as women, children, refugees, and those living in poverty.

Successful applicants to the program will receive the following:

  • Funding at various stages of innovation, including seed, scale-up, and performance-based funding
  • Access to a network of experts, mentors, and advisors who guide and support innovators. This includes technical expertise, business development support, and connections to potential partners and investors
  • Learning and knowledge sharing among innovators through workshops, webinars, and peer-to-peer exchanges

Interested applicants must fulfil the following to be eligible for the GIF program:

  • Be innovative, offering a new approach or significantly improving upon existing solutions
  • Demonstrate the potential to create positive social, economic, or environmental impact, particularly in developing countries
  • Have the potential to scale up and reach a large number of beneficiaries
  • Have a clear plan for the financial sustainability of their innovation beyond the GIF funding
  • Have a solution aligned with at least one of GIF’s focus areas: agriculture, energy, health, education, and governance

To apply for the GIF program, visit Applications.


Circular Economy

Are you an entrepreneur or business operating in the waste and circular economy sector? Apply for funding from the Circular Economy Programme before 23 October 2023

Are you an entrepreneur or business operating in the waste and circular economy sector? Apply for funding from the Circular Economy Programme before 23 October 2023

Ireme Invest, Rwanda’s Green Investment Facility, invites applicants for the Circular Economy Programme under the Project Preparation Facility. The programme aims to foster innovation, investment and collaborations across various sectors by supporting businesses working in the waste and circular economy sector.

Successful participants will benefit from the following:

  • Expert mentorship for 15 weeks to enhance products or services and prepare them for market testing and fundraising
  • Individual on-site coaching
  • Grant investment funding of up to Rwf 60,000,000 for ten participating businesses based on achieved milestones
  • Investor pitching and connection for ten supported businesses with investors in the sector

Interested participants must have businesses operating in the sector. Solutions should address plastics in construction, earth reinforcement, plastics in agriculture, non-biodegradable or non-recyclable packaging materials, payment systems for waste services, segregated household waste collection, circular product design, and reuse or refill systems.

For more information about the programme and application details, visit: Circular Economy Programme.


Incubation Programme

Are you an early-stage social enterprise interested in scaling? Apply for the BfE Incubation Programme before 1 October 2023

Are you an early-stage social enterprise interested in scaling? Apply for the BfE Incubation Programme before 1 October 2023

Bridges for Enterprise, a non-profit organization that provides pro bono advisory services to social innovators in the developing world, invites applicants for the BfE Incubation Programme. The programme lasts for 6 to 8 months, with multiple implementation stages customized to best support participants to scale their social enterprises. Applications are due 1 October 2023.

Through the programme, participants will be offered consulting and financial advisory services as well as optional legal and technical advisory services. Consulting, financial and legal advisory services will each have a 3 to 4 month timeline, while the technical advisory services will have a timeframe of 3 to 6 months.

The programme will accept social enterprises that demonstrate the following:

  • A unique minimum viable product (MVP) that addresses one or more key development challenges
  • Revenue-generating business model
  • Generates positive environmental or social impact in the communities served
  • Leadership team that demonstrates commitment

Additionally, the programme is suitable for social enterprises which fulfil the following:

  • Be a for-profit or non-profit social enterprise
  • Be an early-stage start-up at the pre-seed or seed stage
  • Have an existing product or service and have started earning revenue
  • Be legally established in Africa, Asia, Latin America or the Middle East
  • Demonstrate a clear path to financial returns and impact

To apply for this programme, visit: Submit Application


UNICEF Innovation Fund

Do you have a health tech solution to improve the lives of children? Apply for the UNICEF Innovation Fund before 20 October 2023

Do you have a health tech solution to improve the lives of children? Apply for the UNICEF Innovation Fund before 20 October 2023

The United Nations Children’s Fund (UNICEF) has launched a new funding opportunity for health tech startups that use cutting-edge technologies to improve the lives of children. The UNICEF Innovation Fund is offering up to US$100,000 in equity-free funding to early-stage startups that are registered in one of UNICEF’s program countries.

The Fund is particularly interested in startups that are using artificial intelligence (AI), machine learning (ML), data science, blockchain, and extended reality (XR) to address challenges in child health, nutrition, and mental health. Specific areas of interest include:

  • Developing new diagnostic tools and treatments for childhood diseases
  • Improving access to healthcare in remote and underserved communities
  • Using technology to prevent child abuse and neglect
  • Promoting mental health and well-being among children

Startups eligible for funding must have a working prototype and a commitment to open-source licensing. Female and youth-led/founded startups are encouraged to apply.

Successful participants will receive the following benefits:

  • Up to US$100,000 in equity-free funding
  • Access to UNICEF’s network of experts and partners
  • Support for developing and scaling your solution
  • Increased visibility for your startup

To apply for the Fund, visit Application


Ambuka Competition

Are you an export-oriented business in need of funding? Apply for the EGF Ambuka Competition before 17 September 2023

Ambuka Competition

Are you an export-oriented business in need of funding? Apply for the EGF Ambuka Competition before 17 September 2023

The Development Bank of Rwanda (BRD) invites participants to apply for funding from the Export Growth Fund (EGF) through its Ambuka Competition. The Fund was established with the aim of supporting and stimulating the growth of export-oriented businesses in Rwanda by providing much-needed affordable financing and technical assistance.

The EGF offers a number of benefits to eligible businesses, including:

  • Flexible financing terms that are tailored to the needs of each business with terms of up to 10 years and interest rates of up to 9%.
  • Collateral-free financing, making it easier for businesses to access financing even if they do not have assets to pledge.
  • Technical assistance to help businesses improve their export performance. This includes things like training on market research, product development, and export documentation.

Interested participants must meet the following criteria to apply:

  • Be a Rwandan or registered Rwandan company/Enterprise operating in Rwanda.
  • Having already made exports or intending to make exports
  • Having a comprehensive business plan reflecting the targeted increase in exports, projections of expected production, exports return, expected developmental impacts and profits for the project and/or the company
  • Having financial statements of the last 3 years for existing companies. 1- and 2-year financial statements are applicable to companies with 1 and 2 years of existence
  • Having bank statements for 1 year
  • Having defined financing needs in investment, working capital or matching grant
  • Commit to comply with environmental regulations

To apply, visit: Ambuka Competition Applications


Innovation Challenge

Do you have an innovative idea that addresses a social challenge? Apply for funding and business development support from the Social Shifters Global Innovation Challenge before 20 August 2023

Do you have an innovative idea that addresses a social challenge? Apply for funding and business development support from the Social Shifters Global Innovation Challenge before 20 August 2023

The Social Shifters Global Innovation Challenge, a global competition that aims to empower young social innovators, invites applications for its 2023 edition. The Challenge is designed to provide young social innovators with the resources and support they need to develop and implement their ideas.

Participants will have access to a world-leading Digital Incubator program, which includes e-learning, live events, peer support, and the opportunity to access expert mentors from the world’s leading companies. The Challenge also offers a cash prize of up to $10,000 for the best ideas.

Winners will be selected by a panel of judges who will be looking for ideas that are innovative, scalable, and have the potential to make a real impact on the world. Interested participants must meet the following eligibility criteria to apply:

  • Be aged 18-30 years old
  • Be from anywhere in the world
  • Have an idea for a social innovation project
  • Be able to commit to the entire duration of the Challenge (August 2023 – February 2024)

To apply, visit: Application


AWIEF Awards

Do you know a women-led business making a significant contribution to Africa’s economic and social development? Nominate them for Africa Women Innovation and Entrepreneurship Forum Awards before 17 July 2023

Do you know a women-led business making a significant contribution to Africa’s economic and social development? Nominate them for Africa Women Innovation and Entrepreneurship Forum Awards before 17 July 2023

The Africa Women Innovation and Entrepreneurship Forum (AWIEF), an annual event celebrating the achievements of women entrepreneurs and business leaders across Africa, invites nominations for the AWIEF Awards 2023. Happening from 9 – 10 November 2023 in Kigali, Rwanda, the Awards aim to recognize and celebrate the achievements of women entrepreneurs and business leaders who are making a significant contribution to Africa’s economic and social development.

The Awards consist of eight categories, which include:

  • Lifetime Achievement Award
  • Young Entrepreneur Award
  • Social Enterprise Award
  • Technology Innovation Award
  • Fashion and Design Award
  • Agriculture and Agribusiness Award
  • Tourism and Hospitality Award
  • Finance and Investments Award

Interested participants should nominate a business that fulfils the following criteria:

  • Be a woman entrepreneur or business leader
  • Be based in Africa
  • Have a track record of success in their business
  • Have made a significant contribution to the economic and social development of Africa

Selected businesses from the nominations will receive the following benefits:

  • Increased visibility and recognition
  • Increased access to funding and resources
  • Increased opportunities for networking and collaboration
  • Increased credibility and influence
  • Inspiration and motivation for other women entrepreneurs

To nominate a business, visit: AWIEF 2023 Applications


Accelerator program

Funding opportunity for an early-stage start-up: Apply for the ARM Labs Lagos Accelerator program before 9 August 2023


Funding opportunity for an early-stage start-up: Apply for the ARM Labs Lagos Accelerator program before 9 August 2023

Techstars, a global investment company, invites applicants for the ARM Labs Lagos Techstars Accelerator program. The three-month, in-person program provides early-stage startups in Africa access to capital, mentorship, and connections. The program is focused on FinTech, Mobility, E-commerce, and TalentTech startups.

Successful applicants to the program will receive the following benefits:

  • Access to capital: The program provides startups with $100,000 in seed funding. This funding can be used to grow the business, hire new employees, or develop new products or services.
  • Access to mentorship: The program provides startups access to a global network of mentors. These mentors can provide advice and guidance on various topics, including business strategy, marketing, and fundraising.
  • Programming and workshops: The program provides startups with programming and workshops on a variety of topics. This programming can help startups to improve their business operations, develop new products or services, and grow their businesses.
  • Investor introductions: The program provides startups with introductions to investors. These investors may be interested in investing in the startup’s business.

Interested participants should meet the following criteria to apply:

  • Be based in Africa
  • Be in the early stages of development
  • Have a team of at least two founders
  • Be focused on FinTech, Mobility, E-commerce, or TalentTech

To apply for the program, visit: Program applications


i3 Program

Are you an e-health start-up interested in funding? Apply for the Investing in Africa i3 Program before 26 June 2023

Are you an e-health start-up interested in funding? Apply for the Investing in Africa i3 Program before 22 May 2023

Investing in Innovation (i3), a pan-African initiative invites e-health start-ups to the Investing in Africa i3 Program. i3 aims to accelerate the development and scale-up of innovative solutions that improve the availability, accessibility, affordability, quality and visibility of health products at scale in Africa. The Program seeks to advance access for start-ups traditionally excluded from funding and support, including women-led companies and founders in Francophone Africa.

Successful applicants will benefit from the following:

  • Grant of USD 50,000 to support commercialization and impact
  • Access to leading donors, industry and institutional players who will facilitate introductions to customers
  • Tailored investment readiness support delivered by leading innovation experts
  • Opportunities to participate in i3’s flagship event, the i3 Marketplace, which connects innovators with potential partners and investors

Interested participants must meet the following criteria to apply:

  • Be based in Africa
  • Be developing a solution that addresses a health product distribution challenge in Africa
  • Be at the early- or growth-stage
  • Have a strong team with the experience and expertise to execute on their business plan

To apply for the Program, visit: i3 Applications


Call for applications for women-led businesses to access business development support and low-interest loans

Call for applications for women-led businesses to access business development support and low-interest loans 

The Aspen Network of Development Entrepreneurs (ANDE) and Inkomoko Entrepreneurship Development seek to support 75 women-led businesses in Rwanda with access to business development services and low-interest loans. Through this program, selected businesses will benefit from six months of business bootcamp workshops, business consulting services, and networking opportunities in addition to low-interest loans. The program targets women-led businesses in the retail, wholesale, agriculture, tourism and hospitality, pharmaceutical, and manufacturing sectors. To be eligible, interested businesses should: 

  • Be a women-led business – founded, run and owned by a woman or have a woman as majority shareholder/key decision maker 
  • Have an annual revenue of not less than Rwf 65 million  
  • Have at least more than 5 employees with the potential to create more jobs. (There will be flexibility depending on the business venture 
  • Have a need we can help fulfill with our services. 
  • Be registered with Rwanda Development Board 
  • Have at least one year of operation. 

To register, contact: 

Phone number: 0788455377  

Email: info@inkomoko.com 

 


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AFR (Access to Finance Rwanda) & ConsumerCentriX
Email
smeresponseclinic@gmail.com; info@afr.rw

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