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Application Deadline: March 31st, 2023.
- Are you an entrepreneur in Tanzania, Rwanda, or Uganda?
- With an innovative, local, green product or service?
- Creating sustainable jobs?
- In bottom of pyramid communities?
- In need of funding to scale your social business?
- Looking for a true partner at eye level?
Selected entrepreneurs will not only receive funding within 6-12 months but also customized technical support to complement their efforts in building scalable businesses that create local, green jobs.
Requirements
Innovative social businesses that:
- are run by committed founders with strong entrepreneurial skills
- have a proven business model and can demonstrate potential and ability to scale
- require funds to fuel the next level of growth
- have high potential to create local green jobs and improve living conditions for their communities
- are rooted in the local economy throughout the value chain
- use technology (high-tech or low-tech) or knowledge/skills transfer to generate impact
- focus on inclusion of women or people living in rural areas
Financial Support
- Smart equity investment between $30,000 and $150,000
- Non-profit, minority shareholding
- Based on agreed business valuation and investment consideration
- Potential to receive additional loan facility beyond initial equity funding to scale the business further
- Further fundraising support and tools
Business Growth Support
- As an investor in the business, we become a partner that provides guidance on strategy and planning.
- Impacc occupies 1 to 2 board seats.
- The business receives mentorship from key industry expertise and coaches to provide tailored support.
- Social media strategy support.
- Specialized, one on one coaching with founders.
- Access to the Impacc global network and partners to help grow and scale the business
- Branding strategy support.
For More Information:
Visit the Official Webpage of the Impacc Venture Program 2023
