{"id":42335,"date":"2022-06-14T16:59:44","date_gmt":"2022-06-14T16:59:44","guid":{"rendered":"https:\/\/www.msmehub.org\/?p=42335"},"modified":"2022-06-14T17:29:10","modified_gmt":"2022-06-14T17:29:10","slug":"funding-opportunities-for-african-entrepreneurs","status":"publish","type":"post","link":"https:\/\/msmehub.org\/staging\/6671\/funding-opportunities-for-african-entrepreneurs\/","title":{"rendered":"Funding Opportunities for African Entrepreneurs"},"content":{"rendered":"

African Micro, Small and Medium Enterprises (MSMEs) face many challenges, including access to funding opportunities. This, in turn, makes growing and scaling businesses difficult for entrepreneurs. While MSMEs are often drivers of growth, especially in developing countries, 51% of these businesses need more capital than they can access (Center for Strategic & International Studies, 2021).<\/p>\n

To support the capacities of MSMEs<\/a> to create numerous jobs and sporadically improve the Gross Domestic Product (GDP) of African countries, below are some available funding opportunities:<\/p>\n

2022 Africa’s Business Heroes Prize Competition<\/strong><\/a><\/p>\n

Win up to $300,000 in grant funds from Africa’s Business Heroes Prize (ABH) Competition. ABH is open to African entrepreneurs making a difference in their local communities. Your business must be providing a solution to the most important problems in the world. It must also be sustainable and inclusive. Formally registered African businesses from all sectors, with a three-year track record, are eligible to apply.\u00a0 The application deadline is June 20, 2022.<\/p>\n

D-Prize Seed Capital<\/strong><\/a><\/p>\n

Do you have a new, proven idea capable of solving poverty? If yes, you’re the entrepreneur D-prize is looking for. You stand a chance to get up to $20,000 to fund an intervention that is capable of eradicating poverty.\u00a0 Your idea can fall into any of these categories- health access, water, education, agriculture, livelihoods, energy and public services. Similarly, you can propose a custom intervention. Every entrepreneur is eligible to apply as there are no geographical, age or background restrictions. The extended application deadline is June 26, 2022.<\/p>\n

Copernicus Masters Challenge<\/strong><\/a><\/p>\n

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A total of EUR 531,000 is available for individuals using Earth observation data to tackle global challenges. Innovators above 18 years are eligible to apply. More so, Applications are welcome from start-ups, SMEs, universities and corporations, as long as you’re utilizing Earth Observation (EO) data to solve a problem. If you decide to apply, make sure you do so on or before 11 July 2022.<\/p>\n

Cartier Women’s Initiative<\/strong><\/a><\/p>\n

Annually, the Cartier Women’s Initiative empowers impact entrepreneurs, especially women with funding and networking opportunities. Women with solid, sustainable, social or environmental impact from any country or sector can apply. Funding from the Cartier Women’s Initiative is divided into three categories:<\/p>\n