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Financing

DeveloPPP Ventures Ideas Competition (EUR 100,000 Funding)

DeveloPPP Ventures Ideas Competition is an initiative of DEG Impulse gGmbH and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH to support young companies to scale innovative business models in Ghana, Kenya, Nigeria and Tanzania that create positive impact and contribute to achieving the United Nations’ Sustainable Development Goals (SDGs). Eligibility Requirements for the DeveloPPP Ventures Ideas Competition Assessment Criteria Benefits Information regarding the DeveloPPP Ventures Ideas Competition and its application processes can be found here. Deadline for application is the 30th of June, 2023. Click here to apply.

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Pitch AgriHack 2023 (US$45,000 Total Prize)

Unleash Your Innovation with Pitch AgriHack 2023! Pitch AgriHack offers a platform for young agritech entrepreneurs to present technological solutions that’ll address food security challenges and empower smallholder farmers across the continent. With a total prize money of US$45,000, Pitch AgriHack 2023 will reward the most promising ventures that address key challenges and promote sustainable agricultural development. The competition awards winners in three (3) categories: Three winners and three runners-up will be selected, with each winner receiving a cash prize of US$10,000 and each runner-up receiving US$5,000. Eligibility Criteria Finalists will pitch their agritech solutions to an esteemed panel of judges on stage, at a live finale event at the African Food Systems Forum (AFSF) in Dar es Salaam, Tanzania, in September. The winners of Pitch AgriHack 2023 will also be awarded at the AFSF. The AGRF Agribusiness Deal Room, attended by over 800 companies, 15 government delegations, and 150 public and private investors, will generate exciting new opportunities for these entrepreneurs to secure investments, partnerships, and mentorship. For more information, click here. Submit your application on or before 3 July 2023 by clicking this link.

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WFF Startup Innovation Awards

The WFF Startup Innovation Awards, powered by Extreme Tech Challenge (XTC) are a global startup competition established to support and showcase innovators and entrepreneurs who are harnessing the power of technology to drive the sustainable transformation of agrifood systems in support of ending global hunger and achieving the Sustainable Development Goals. These awards aim to elevate the next generation of entrepreneurs who are creating new technologies and innovations to benefit our planet and the agrifood systems we need to thrive. About the WFF Startup Innovation Awards The WFF Startup Innovation Awards is seeking to identify, elevate and accelerate the growth of startups who show the greatest potential for a positive impact in transforming agrifood systems, aligned to one of these: better production, better nutrition, better environment and better life. The awards are divided into the following categories: Prizes Eligibility Applications must be completed and submitted by 15 June, 2023. Click here to apply.

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GoGettaz Agripreneur Prize 2023

Do you operate in the agribusiness value chain? Then, you should participate in this contest. Generation Africa rolls out the 2023 edition of the Gogettaz Agripreneur Prize Competition. This year is the fifth annual GoGettaz Agripreneur Prize Competition, supporting youth-led agri-food businesses to #GrowAfricaGrowLife. The competition will reach its thrilling climax with a captivating final pitch contest, set to take place live at the AGRF Summit, which will hold in Dar es Salaam, Tanzania, this September. A remarkable opportunity awaits two aspiring African entrepreneurs, one male, and one female, as they will each be granted a transformative prize of US$50,000. This generous grant will propel their ventures forward, accelerating their path towards success. Eligibility criteria– The entrepreneur The Venture Ready to apply for the GoGettaz Agripreneur Prize, click here.

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Orange Corners Nigeria Incubation Programme (€40,000 Funding)

The six-months Orange Corners Nigeria (OCN) Incubation Programme is now accepting applications! OCN is managed by the Netherlands Enterprise Agency at the request of the Dutch Ministry of Foreign Affairs. The Youth Employment and Entrepreneurial Team works closely together with the Embassy of the Kingdom of the Netherlands and FATE Foundation to implement the programme in Nigeria. If you are a young innovative aspiring entrepreneur resident in Lagos, between the ages of 18 and 35 years old, with a sustainable business solving local challenges in the Circular Economy, Agriculture, Health, Tech and Water solution sectors, then you are eligible to apply for the Orange Corners Nigeria six months business incubation programme. Benefits include: • Dedicated Co-working space with meeting room facilities.• Enterprise Development Training.• Funding of up to €40,000.• Networking and access to market opportunities.• Mentorship opportunities industry experts. To find out more and to begin your application, visit orangecorners.com/nigeria. Application closes on Saturday, June 17, 2023. We look forward to receiving your applications.

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Bootstrapping your Business from Zero to Profit

“Bootstrapping” is derived from the phrase “to hoist oneself up”. It is a method of starting one’s own business with one’s resources. A bootstrapped startup is a business that starts and grows without the help of external investors. Bootstrapping a company does not imply that you’ll not seek external funding; it simply means that you will not solely rely on investors such as venture capitalists for support. When bootstrapping a business, it is mainly self-funded or wholly funded by you and/or the founding team. However, keep in mind that growth may be slower than funded businesses because you’re starting and scaling without the intervention of investors. Bootstrapping Processes Sustainable ways of bootstrapping your business Pros and Cons of Bootstrapping Pros Cons You can consider running a rapidly growing or slow-scaling business. Fast growing businesses often use funding from venture capitalists. Here, external investors provide capital, security, scaling speed, and advice/network, but they can also exert influence over you based on their preferences. Whereas, slow scaling businesses bootstrapping have complete control over the rate at which the company expands. Even if you intend to raise venture capital, bootstrapping is a great way to start your business.

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Fishbowl Challenge for Young Social Innovators (Up to $50,000 Seed Funding)

Solve the world’s biggest social challenges through tech-powered solutions. The Fishbowl Challenge connects ambitious young individuals from around the world to develop technology-driven social ventures that address critical issues in Healthcare, Agriculture, and Sustainable Energy. For six (6) months, teams from around the world will go through various venture-building stages, with a shared goal to secure up to $50,000 in seed funding.  During this journey, they will benefit from the guidance and expertise of experienced mentors and judges within their respective industries, equipping them with the tools to turn their innovative ideas into reality. The Fishbowl Challenge Grand Prize Up to $50,000 in seed funding awarded to the winning ventures! Winners will receive up to $50,000 in prize money to further develop their ideas. Access to subject-matter experts, mentors, leading academics, and investors is also provided to help bring the winning visions to life. Eligibility Criteria Age: The Fishbowl Challenge is open to young aspiring social entrepreneurs between the ages of 18 – 30.  Education: Applicants from all educational backgrounds are welcome and encouraged to apply.  Background: Applicants from all around the world are welcome and encouraged to apply. Language: Applicants must be comfortable conversing in English, as it will serve as the primary language of communication during the competition. The Fishbowl Challenge Timeline Application period: Applicants complete and submit applications by July 1st, 2023. Team formation: Successful applicants join a global project team and are matched with an industry-expert mentor. Round 1: Teams begin the venture-building process by creating a business plan that addresses a social problem or market opportunity using technology and receive judge feedback. Round 2: Teams test and refine their assumptions through iterative prototyping and customer research, before presenting to a judging panel via live video conferencing. Round 3: Finalists develop a roadmap to market and post-program execution plans. Teams travel to a European city* to present the final version of their business plan in front of judges.  Venture launch: Winners receive up to $50,000 in prize money to bring their tech-powered social ventures to life! To apply for the Fishbowl Challenge, click here.

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ICAN-BOI iHack4SDG Challenge 2023

ICAN-BOI, in collaboration with the Institute of Chartered Accountants of Nigeria and the Bank of Industry, will gather a new generation of innovative thinkers from across the tech industry to tackle some of the most pressing Sustainable Development Goals (SDGs), tagged “iHack4SDG Challenge 2023. ICAN-BOI, an innovation hub at the heart of Yaba and Ebutte Metta, opens applications for the iHack4SDG Challenge, which will take place from May 17 to May 24, 2023. The demo for the challenge will be held physically at the ICAN-BOI Innovation Hub. Ten (10) ideas will be selected to participate in the challenge, from which three teams will emerge winners. The ICAN-BOI iHack4SDG Challenge provides an opportunity for participants to collaborate and develop innovative solutions based on 10 out of the 17 SDGs. These winners will be given resources and support to improve, test, and scale their ideas, which will ultimately become real businesses. They will also have a chance to demo their solutions and have the opportunity to move into the ICAN-BOI incubation program. Benefits Prizes Applications are open until May 14th, 2023. Sign up here: https://bit.ly/ihack4sdg

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SESA Call for Entrepreneurs 2023 (EUR 50,000-100,000) Funding

Smart Energy Solutions for Africa (SESA) consortium invites local, small and medium-sized enterprises (SMEs) from Namibia, Nigeria, Rwanda and Tanzania to apply for the “2nd SESA Call for Entrepreneurs 2023”. The SESA project, funded by the European Commission is operative across nine African countries with local and international partners, testing and validating sustainable energy solutions and business models that are replicable and generate local opportunities for economic development.   The call is looking for entrepreneurs with expertise in addressing the continent’s energy access challenges with a focus on rural and off-grid communities. The SESA project will make available between EUR 50,000 to EUR 100,000 per selected enterprise for the design, implementation, and evaluation of submitted replication projects via service agreements. Entities are welcome to form consortiums to apply for the call. However, if selected, the service agreement will be signed with the lead partner only. Interested enterprises should be operational in domains such as solar irrigation technologies in rural communities, waste-to-energy solutions to improve clean cooking, and solar cold chain technologies for both peri-urban and rural communities among other related technical fields. Eligibility Criteria Certain minimum criteria need to be met and only those applications which meet the below minimum criteria will be considered: Evaluation Criteria The proposal will be assessed through the following weighted criteria: Required (Mandatory) Documents Applications must include all the below-mentioned requirements and must be submitted electronically via email to opencall@siemens-stiftung.org before the deadline of 25th of June 2023 – 23:59 CET (Brussels). List of mandatory documents: Please note: The SESA Call for Entrepreneurs 2023 will focus on SMEs operationally active in Namibia, Nigeria, Rwanda and Tanzania as first priority. However, this does not preclude applications from SMEs registered and operative in other African countries as long as the technological requirements are met. For more information on this funding opportunity, click here.

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