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.
Are you a social entrepreneur that addresses pressing needs in your community? Apply for funding from the Draper Richards Kaplan Foundation
Are you a social entrepreneur that addresses pressing needs in your community? Apply for funding from the Draper Richards Kaplan Foundation.
The Draper Richards Kaplan Foundation (DRK), a global venture philanthropy supporting early-stage, high-impact social enterprises, invites social entrepreneurs to apply for funding. The foundation seeks to support outsized impact through entrepreneurs and enterprises that address pressing societal problems affecting people.
The foundation seeks to find social enterprises that fulfil the following:
- Address a critical social or environmental issue as the focus of their work
- Have founders who intend to expand their impact significantly over time
- Be operating in Africa, Europe, India, Latin America, and the United States
- Be an independent non-profit or impact-first, mission-driven for-profit entity
- Have one or more founders who are full-time or intend to be
- Demonstrate diversity of people proximate to the problem at hand and a commitment to foster justice, equity, inclusion, and belonging practices
- Have a program, product or service already in the market with an early indication for impact
Applicants admitted for interviews will be taken through three phases of interviews to assess their eligibility for funding. Successful applicants will be accepted through a final due diligence phase to work towards clear goals for the new venture, including metrics and milestones to help the social enterprise achieve its mission.
Applicants that have successfully passed through all the interviews will receive funding twice a year over a three-year term, totalling USD 300,000.
To apply for the opportunity, visit: Application form
Are you an entrepreneur launching a product or looking to improve an existing one? Apply for funding and business development support from the Because Accelerator program.
Are you an entrepreneur launching a product or looking to improve an existing one? Apply for the Because Accelerator program.
Because International, a international organisation, invites applicants for the Because Accelerator program, an initiative designed to foster the growth and development of early-stage startups globally in various industries. The primary aim of this program is to provide entrepreneurs with the tools, resources, and mentorship needed to transform their innovative ideas into thriving businesses.
Program participants will receive the following benefits:
- Financial support in the form of seed capital, key for product development, hiring talent, and scaling operations
- Mentorship and guidance from seasoned entrepreneurs and industry experts
- Access to a network of investors, potential partners, customers, and fellow entrepreneurs
- Education and training through workshops and educational sessions to help founders gain a deeper understanding of various aspects of running a successful business, from financial management to marketing and sales strategies
- Workspace and resources such as software, hardware, and legal support further reduce operational costs
Interested participants must fulfill the following to apply:
- Early-Stage: The program typically targets early-stage startups, often at the pre-seed or seed stage. However, some programs may consider startups at slightly more advanced stages as well.
- Innovative Idea: Startups must have a unique and innovative business idea or product that has the potential for scalability and growth.
- Dedication and Commitment: Founders and teams should demonstrate a high level of dedication, commitment, and passion for their venture.
- Coachability: Accelerator programs look for founders who are open to feedback, willing to learn, and adaptable. Coachability is often a crucial factor in the selection process.
- Market Potential: The startup’s target market should have significant potential for growth and expansion.
- Scalability: The business should have the potential to scale rapidly, and the accelerator program should be able to provide the necessary resources and support to facilitate this growth.
To apply for the program, visit Application form.
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.
Interested in taking advantage of a training opportunity to help your business? Here are some tips for maximizing your chances to participate.
Interested in taking advantage of a training opportunity to help your business? Here are some tips for maximizing your chances to participate.
As an entrepreneur, seeking out training opportunities can be a valuable step towards enhancing your skills and knowledge, which in turn can help you grow your business. Unfortunately, most opportunities have limited spots and fierce competition, so maximising your chances of being selected for such programs is crucial. In this article, you’ll find five essential tips to increase your likelihood of securing a business development training opportunity.
- Thoroughly research the organization or institution offering the training: Before applying, gain a deep understanding of their mission, values, and the specific focus of their training. This knowledge will enable you to tailor your application to align with their objectives, increasing your chances of standing out as a suitable candidate. Most opportunities will focus on a specific sector or stage of business growth.
- Highlight relevant experience and skills: When applying, emphasize your relevant experience and skills that demonstrate your ability to drive business growth. Showcase any previous entrepreneurial ventures, leadership roles, or projects highlighting your expertise. By highlighting your accomplishments, you can effectively convey your potential to not only learn but also contribute to the program and the organization. If you do not have relevant experience or skills, express your willingness and demonstrate commitment to learn.
- Craft a compelling application: Take the time to create a well-written and tailored application that clearly articulates your motivation for applying. Explain how the training opportunity aligns with your goals and aspirations. Use specific examples and achievements to support your claims, showcasing your ability to apply business development strategies effectively. A compelling application will make you stand out from the competition.
- Network and seek recommendations: Leverage your professional network to gather information about the organization or institution offering the training opportunity. Seek recommendations from mentors, colleagues, or industry professionals who can vouch for your skills and potential. A strong recommendation can significantly enhance your application and increase your chances of being selected.
- Prepare thoroughly for interviews or assessments: If the selection process includes interviews or assessments, it’s crucial to prepare thoroughly. Research common interview questions related to business development and practice your responses. Familiarize yourself with case studies or business scenarios that may be presented during assessments. By being well-prepared, you can confidently showcase your knowledge and skills, leaving a lasting impression on the selection committee.
Securing a business development training opportunity can be a game-changer for entrepreneurs looking to enhance their skills and drive business growth. Do not be discouraged if you fail to land an application for an opportunity. Learn how to bounce back from rejected applications and learn from the mistakes. With careful planning and a proactive approach, you can increase your likelihood of being selected for a business development training opportunity. Good luck!
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
Do you have a research-backed innovation addressing food security? Apply for funding and mentorship from the WFP Ignite SEED Innovation Programme before 9 October 2023.
Do you have a research-backed innovation addressing food security? Apply for funding and mentorship from the WFP Ignite SEED Innovation Programme before 9 October 2023.
The World Food Program Ignite Innovation Hub invites early-stage innovators with research-backed ideas in the food systems to apply for the Ignite SEED Innovation Programme. The ten-month Program aims to help innovators develop and scale their solutions to address food security and improve climate resilience for local communities.
Selected participants will receive the following benefits:
- Mentorship from experienced entrepreneurs and food systems experts
- Access to WFP’s network of partners and stakeholders
- Funding to support prototyping, testing, and scaling their solutions
- Training and workshops on business development, marketing, and fundraising
Interested participants must meet the following criteria to apply:
- Have a research-backed idea or invention in the food systems sector
- Have at least two team members based in Kenya, Uganda, Rwanda, Ethiopia, or Somalia
- Be interested in transforming their idea into a venture
- Be passionate about disrupting food systems to achieve zero hunger
- Be available for program activities for the duration of the innovation program, including in-person and online sessions
- Female entrepreneurs and non-academic innovators are specifically encouraged to apply
Innovators interested in the Program must submit a proposal outlining their idea, team, and how they plan to use the Program to scale their solution. To apply, visit: Application form
Are you a woman entrepreneur struggling with access to finance, markets and networks? Apply for the IFC She Wins Africa program before 15 September 2023
Are you a woman entrepreneur struggling with access to finance, markets and networks? Apply for the IFC She Wins Africa program before 15 September 2023.
The International Finance Corporation (IFC) invites applicants for the She Wins Africa program, launched to support women entrepreneurs across sub-Saharan Africa. The She Wins Africa program addresses the challenges women entrepreneurs face in accessing finance, markets, and networks. The program provides participants with training, mentorship, and networking opportunities to help them build skills and knowledge to build and grow their businesses.
The program includes the following components:
- Investment readiness training: Participants will receive training on how to pitch their businesses to investors, develop financial projections, and build robust business plans.
- Mentorship: Participants will be matched with experienced mentors who can provide guidance and support.
- Networking opportunities: Participants will have the opportunity to connect with other women entrepreneurs, investors, and business leaders.
Interested participants must meet the following criteria:
- Be for-profit businesses.
- Have a female founder or co-founder.
- Be based in sub-Saharan Africa.
- Have been operating for at least one year.
- Have a clear business model and financial projections.
Successful applicants will receive the following benefits:
- Increased access to finance: The program provides participants with training on how to pitch their businesses to investors. This can help them secure the funding they need to grow their businesses.
- Improved business skills: The program provides participants with training on various business topics, such as marketing, sales, and financial management. This can help them improve the performance of their businesses.
- Increased networking opportunities: The program allows participants to connect with other women entrepreneurs, investors, and business leaders. This can help them build relationships and collaborate on new projects.
- Increased visibility: The program allows participants to be featured on the IFC’s website and in its marketing materials. This can help them raise awareness of their businesses.
To apply for the program, visit Applications.
Are you an export-oriented business in need of funding? Apply for the EGF Ambuka Competition before 17 September 2023
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
Rejections: Mastering the Art of Rejection And Build Resilience.
Author:
Malik Shaffy Lizinde, Expert Entrepreneur
Date:
The Art of Ideating – Newsletter
Rejection. An inevitable part of life, it is particularly so for those who dare to step into the world of growth or even entrepreneurship. From clients declining proposals to ideas needing to meet the enthusiasm they deserve or even being rejected by your own people, can often feel like a daunting roadblock. However, as I learned through my own journey, it’s possible to transform rejection from a roadblock into a stepping stone.
In my life, I faced more rejections than I could count. Each ‘no’ felt like a critique of my vision, creativity, personal belief, and even me. Each failed business venture felt like a nail in the coffin of my dreams. However, with time and much soul-searching, I learned that these rejections did not measure my worth or potential. Instead, they were opportunities for learning and growth.
One of the most challenging aspects of my journey was that it was often not there when I reached out for support. The people I thought would be my cheerleaders sometimes rejected my ideas or me as a person. I was rejected for not being one of them, for being misunderstood, and for being me. This was a tough pill to swallow, but it forced me to develop a thick skin and become my own biggest supporter.
Dealing with rejection, particularly from those close to us, can be a gut-wrenching experience. However, over time, I learned great ways to cope:
Separate the Rejection from Your Self-Worth: Remember, rejecting your idea or business is not a rejection of you as a person. You are not your work. This distinction can help prevent rejection from affecting your self-esteem.
Use Rejection as a Learning Opportunity: Instead of seeing rejection as a dead-end, view it as feedback. Analyze what didn’t work and use this knowledge to refine your ways of doing, improve your skills, and return stronger.
Practice Resilience: Like a boxer in a ring, you must get back up each time you get knocked down. Resilience is the key to transforming rejection into success. This is a trait I saw exemplified by being Rwandan and learning from our own transformation. We Rwandans chose to see their challenge not as a setback but as an opportunity for growth.
Build a Trusted Support Group: Surround yourself with positive influences and people who believe in you no matter what. They can provide the encouragement you need when you face rejection.
Don’t stop: Persistence is crucial in the face of rejection. Remember that ‘no’ often means ‘not yet.’ Keep refining your craft, and stay true to your vision.
My journey as an entrepreneur of, even my personal life, for I have grown up till today, has been filled with rejection, but every ‘no’ and every failed venture has been a stepping stone towards growth and eventual success.
Mastering the art of rejection is about transformation and resilience. It’s about shifting our perspective to see every ‘no’ as a ‘not yet,’ every setback as a setup for a comeback. It’s about embracing the lessons that rejection brings and using them as fuel to drive our growth.
Rejection is not a dead end; it’s a return on the path to success. And remember, you are not alone in your journey. We are all navigating the path of rejection, resilience, and eventual triumph.