Connect with us

Grant opportunities

10 SME GRANTS FOR AFRICANS

Published

on

SME Grants

SME Grants are an excellent way for Entrepreneurs and Business Owners to actualize their dreams.

Because, they help with paying salaries, reaching out to potential customers, buying stocks, and running ads. It’s just a simple way to move your businesses to the next level.

But, even though SME grants are “free,” you just cannot get them on a platter of gold. Simple registration on some website somewhere isn’t just enough to get you one.

The competition for grants is way over the roof because you’re not the only one in need of that free money.

However, A consistent amount of effort is required to apply for a grant.

Furthermore, you need to understand that, even after the hustle of submitting a proper application, there is no assertion you would get it.

Consequent;y, you also need to understand that:

  • Most grants are for existing businesses
  • Grants are not immediate; and
  • Only Interesting businesses are eligible.

Moreover, to increase your chances of getting one, I have put together a list of 10 SME Grants for Africans.

  1. Tony Elumelu Foundation Entrepreneurship Program

So, this program was founded by Mr. Tony Elumelu, a Philanthropist and Entrepreneur from Nigeria. It provides an annual SME grant aimed at empowering 10,000 African Entrepreneurs with $100 million yearly.

Furthermore, asides the funding, this program is designed to also mentor and train Entrepreneurs across the 54 African countries of the Continent.

Goal

  • To create 1 million new jobs and generate a revenue of $10 billion yearly to Africa’s economy through the selected young businesses.

Conditions

  • All applicants must be legal residents of one of the 54 African Countries.
  • All businesses must be in existence for at least three years.

How to Apply

To apply for this Entrepreneurship program, follow this link:

http://www.tefconnect.com

 

  1. Shared Interest

Shared Interest is a lending society founded in the year 1990 in England.

However, Its growth has led to the establishment of satellite offices in Ghana, Peru, Kenya, and Costa Rica.

Also, it has other investments across Africa, especially in Kenya, Mauritius, and some other countries East of Africa.

Furthermore, Shared Interest has over 9,000 members based in the UK, with each member investing between £100 to £100,000. So, this makes available a shared capital of £29m.

Goal 

  • To make finances available to Producers, Farmers, and Artisans in developing countries to share the risk.

How to Apply

Applications are sent to info@shared-interest.com

 

  1. Tshikululu Social Investments

Tshikululu Social Investments is a South African Corporate Social Investment (CSI) manager responsible for dispensing SME Grants to Africans.

Furthermore, it is responsible for managing the CSI funds of multiple organizations, especially the FirstRand Foundation, Rand Merchant Bank Fund, De Beers Fund, and so on.

In addition, Tshikululu goes as far as providing wide-ranging social investments and community grants for private entities in line with developing trends.

Goal

  • To provide SME grants for several industries ranging from arts and culture to health, community development, and several others.

Contact Information

Tel: +27(0)11 544 0300

Email: info@tshikululu.org.za

  1. VC4 Africa

This community is an exception as it tries to provide startup funding for African Entrepreneurs. However, VC4Africa is an online community which started as a LinkedIn group in the year 2008 and has grown to be one of the largest community with members in 159 countries.

Also, the platform is targeted at equipping Entrepreneurs through free online tools and mentorship opportunities.

Although VC4 Africa doesn’t give SME grants, they expose you to opportunities and link you to investors.

Goal

  • To build game-changing companies in Africa by linking investors to small businesses regardless of the industry.

To Join the Community

Sign up for a VC4 Africa account, following this link:

https://vc4africa.biz/signup/

  1. Schwab Foundation

Schwab Foundation is a Social Entrepreneurship-based organization founded in the year 1998. Its headquarters is located in Cologny-Geneva in Switzerland, which makes it under the legal supervision of the Swiss Government.

However, the Schwab Foundation hunts for just social Entrepreneurs across the Continent and subjects them to severe scrutiny.

So, until this process is over, you are not considered eligible for the SME grant.

Goal

  • To advance social Entrepreneurship in different areas, including: health, education, environment, agribusiness, technology, etc.

Contact Information

Tel: +41 (0) 22 869 1212

Email: info@schwabfound.org

  1. Root Capital

Root Capital is a non-profit investment fund that came into existence in the year 1999. But, over the years, it has empowered over 400 businesses in Africa with SME Grants worth over $500 million.

Furthermore, this fund is out to positively impact rural businesses, communities, and families, socially and environmentally. However, it maintains a 100% payback policy for its investors.

Goals

  • To foster rural prosperity in poor and environmentally vulnerable locations in Africa by lending capital.
  • To deliver financial training and strengthen market connections for agricultural small and medium-sized businesses.

Contact Information

Kenya Office:

Mobile: +254 736.864892

Email: http://www.rootcapital.org/about-us/contact-us

  1. Savannah Fund

Savannah fund is also another exception to the existing-business rule because it provides startup SME grants to African Entrepreneurs.

However, it focuses on early-stage high growth technology startups in Africa. Further, since its inception in 2002, it has recorded 15 investments in Kenya, Nigeria, Ghana, and South Africa.

In addition, these investments have, in turn, helped to generate a revenue worth over $8 million and produced close to 100 jobs.

Goal

  • To bridge the gap between venture capital investments and early startups in Africa.

Contact Information

Kenya Office:

3rd Floor, Bishop Magua Centre,

George Padmore Lane, m: Lab East Africa,

P.O Box 58275-00200

Nairobi, Kenya

For more details about application guidelines and format, click here

To apply to Savannah Fund’s Accelerator Programs, visit:

http://savannah.vc/accelerator/

  1. Seedstars Africa

Seedstars Africa is a Swiss-based organization actively investing in over 53 countries across the globe, especially in the Middle East, South America, Asia, and Africa.

However, to set the ball rolling, Seedstars World annually organizes a very competitive competition for SME grants in emerging markets. This competition helps identify promising companies in need of technical help and capital.

However, a recent $330,000 investment in Nigeria was SimplePay, a third-party payment option that focused on solving the issues with payment gateways in Africa.

Goals

  • To build and support online businesses in Africa.
  • To fund web and mobile tech startups in Africa.

 

  1. Lundin Foundation

Lundin Foundation is an organization founded in the year 2005 by a Swedish family named Lundin. However, Its headquarters is located in Canada with its regional offices in Ghana and Kenya.

Also, several businesses and entrepreneurs in over 15 African Countries have benefited from SME grants funded by the Lundin Foundation.

Goal

  • To provide risk capital, grants, and technical assistance to unique social organizations across the globe.

Contact Information

Tel: 604-689-7842

info@lundinfoundation.org

  1. responsAbility

responsAbility Investments is an independent asset manager focused on sectors related to development in emerging economies. Furthermore, It was founded in the year 2003 with its headquarters in Zurich and local offices in Mumbai, Paris, Lima, and Nairobi.

Also, responsAbility currently has assets worth over $2.2 billion in 500 countries across the globe.

Goal

  • To provide financing to non-listed companies with models focused on the section of the population with lower income.

Contact Information

Tel. +254 709 803 000

Email: africa@responsAbility.com

 

 

 

 

 

 

 

 

 

Advertisement
2 Comments

2 Comments

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    Grant opportunities

    Savannah Funds for Tech Startups in Africa

    Published

    on

    Technology is progressively gaining predominance in African nations. It is playing a significant role in the transition from being the margin to the mainstream of the global economy.

    Africa has recorded a rise in technological innovations, tech innovation hubs, and tech-related ventures. In 2016, venture capital to African Tech Start-ups was pegged at about $608 million to 1$ billion.

    Investments are fast rising from Venture Capitalists (VCs), Angel Investors, the government to grow the tech industry. Savannah Funds is one of such funding for the start-ups.

    About Savannah Funds

    Savannah Funds, based in Nairobi, Kenya is a venture capital fund for early-stage, high growth technology start-ups in Sub-Saharan Africa. Started in 2012, they have made investments in about 20 Africa focused start-ups in countries like; Kenya Uganda, Ghana, Nigeria, Zimbabwe and South Africa. They have helped these start-ups to raise over $13million in seed and venture capital funding and generated over 150 jobs.

    Savannah fund is Africa’s leading technology seed fund and accelerator, offering $25,000 to $500, 000 investments in early-stage tech start-ups. Savannah fund says it aims to bridge the early stage or angel and venture capital investment gap that currently exists in Africa by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.

    Benefits

    A key piece of the Fund’s overall strategy is to address the skills and experience gap of entrepreneurs in the region through the Accelerator Program. The accelerator program is designed to help emerging entrepreneurs build a company and launch a product. Early-stage companies participate in “cohorts” and are exposed to a program to learn from experienced local and high value and reputable mentors that have built global technology brands that are also very hands-on as would be expected by angel investors.

    They have built a curated curriculum of mentors in an over 2 hours sessions every week for 3 months. This is to enable start-ups see over 12 mentors dedicated over 30+ hours of mentoring across all the start-ups, face to face at the iHub, Kenya. Some of the mentors provide technical assistance and can become partners in the business to help in marketing, selling or to connect with the right customers. They also provide links to specific resources, such as the UX design lab to help improve the design or usability of applications.

    The Fund’s Accelerator Program deploys relatively small amounts of capital ($25-30,000 to each company in exchange for 12% equity stake) to a cohort of up to 5 start-ups at a time for 3 months.

    As part of the investment, there will be a $2,500 program fee that comes out of the investment to cover expenses incorporation, legal and office space. So, net funding is between $22,500 – 27,500 after expenses.

    In addition, if a start-up is strong enough at the end of the program, Savannah funds can fast track application to their partner investor 500Startups Accelerator in Silicon Valley which qualifies for $100,000 investment and US re-incorporation.

    Eligibility

    Applicants will be chosen through an online application and interview process but successful teams should apply with not just an idea but an initial prototype, early customers and revenue.

    You are eligible to apply for Savannah Funds if you:

    1. Have a product in the market with some traction and need more resources and partners to scale your ambitions for the long term and global company.
    2. Lack of the connections, and social proof/validation to talk to tech-focused investors.
    3. Want to partner and learn from other entrepreneurs who have done it before and tap their networks for advice so you don’t repeat the same mistakes others have.

    Application

    Currently, the application for the program is not announced. The date for the next cohort despite not communicated yet can be gotten from their application portal. Simply follow the link and register for their newsletters to get updates.

    To Apply or access their FAQ, click here

    Continue Reading

    Grant opportunities

    Federal government business grants

    Published

    on

    federal government small business grants

    Contrary to popular misconception, Federal government business grants are not free money to fund personal businesses or personal start-up. However, they do offer federal benefit programs to aid families and individuals in becoming self-sufficient.

    But, the inquisitive-you asks, “What exactly are Federal Government Grants?”

    • They are government funds that empower projects and ideas to stimulate and boost the economy.
    • They are grants that support critical initiatives, innovative ideas and research, and other programs listed on CFDA (Catalog of Federal Domestic Assistance).

    In other words, organizations and institutions with innovative projects that will benefit a section of the population or the nation, in general, are primary recipients of the Federal Government Business grants.

    Therefore, the only way you can become a beneficiary of grants from the Federal Government is when you a part of these organizations or sectors.

    So, a few of these grants are listed below

    1. Federal Government Business Grants For Agriculture

    This grant funds the agricultural sector in Nigeria. So a farmer registered under this association is automatically a beneficiary of this grant. Furthermore, it also supports small businesses intending to develop scientific entrepreneurship and technology around the federation.

    However, to be eligible for this grant, you and your organization must strictly stick to the goals and objectives of this grant.

    How to Apply

    • Visit grant.gov to get information on accessible locations for the forms.
    • Fill in the necessary and accurate information required by the Federal authority.
    • Submit and wait for feedback.
    1. National Institutes of Health Grant

    NIH is a federal government-owned institution that provides funding to small business owners and companies involved in the research and development of innovative medical technologies.

    Eligibility

    • Companies or organizations applying for this federal government business grant should be research-based.
    • Furthermore, they should be innovative commercially.

    How to Apply

    Visit Grants.gov for a detailed guide on application procedures.

    Read Also: 5 Easy Single Moms Small Business Grants

    1. YouWin Connect Nigeria

    YouWin is an annual Federal Government initiative to fund innovative business enterprises and ideas with the goal of job creation in mind.  Furthermore, it aims at developing and executing those ideas.

    Eligibility

    • You must be a Nigerian between the ages of 18-45 years.
    • You must have a post-secondary education
    • A fully detailed business idea with the ability to function in Nigeria and employ Nigerians must be submitted.

    How to Apply

    • Register on the YouWin Official Website to get login details.
    • Submit a fully detailed business plan.
    • In addition, stay glued to your email for updates.
    1. Cybertipline Grant

    This Federal Government Business grant focuses on empowering small businesses that provide programs to stop human trafficking and child exploitation. Furthermore, the Department of Homeland Security is responsible for the financial obligations.

    How to Apply

    Visit the online portal to fill out a survey from the Federal Government.

    1. National Institute of Food and Agriculture (NIFA) Grants.

    NIFA is a federal-owned agency under the umbrella of USDA (United States Department of Agriculture). This grants, however, focuses on nonprofit organizations, larger businesses, and leadership that tries to advance agriculture.

    Furthermore, the agency disburses federal funds to tackle agriculture-related issues affecting the nation. Also, NIFA spins throughout the year, offering different grants to foster healthy competition in the agricultural sector.

    How to Apply

    Visit Grants.gov for a detailed guide on application procedures.

    Continue Reading

    Grant opportunities

    HOW TO ATTRACT INVESTORS TO YOUR BUSINESS [Mastery Guide]

    Published

    on

    How to attract investors




    It is very important to save money throughout the business development process. Running your business right from startup from your purse will take longer than anticipated. It is highly recommended you know how to attract investors to your business and as well have a well-thought-out plan in place to reduce the time, effort, cost, and energy necessary to be successful.

    It is no news that with financial support your business can experience exponential growth and reach its success potential. No man is an island, and no business is one either, so don’t shy away from reaching out to investors to inject the needed cash to boost your business.

    The process of searching for an investor is an investment in its own right, but if you rightly apply your efforts in the usage of time, money and energy during your pursuit, you will have a higher chance of reaching your set goals.

    Here are various proven ways of attracting investors to your business. Try to peruse with keen interest, comprehend, and apply the knowledge in attracting the investors your business need.

    Knowledge of your investors

    It is generally believed that what you know, you stand a better chance of attracting. In most cases, you don’t sit down at a place and expect investors to troop to you. Just like the same way you look for your product’s target market, look for your investors. You can take some time researching about the investors. Pay proper attention to the kind of investors you did want. This will help give you ideas for what they’re looking for, which in turn helps you save time and energy.

    Knowing them on a personal level is a big up to you. Find investors with beliefs and interests similar to yours. It did be a whole lot easier to connect with them.

    Read More: How to Penetrate your market with ease[6 ways]

    Meet budget milestones

    Investors want to be guaranteed that your business can give them the returns they want. And one of the ways of convincing them is to show what you are capable of. They consider the best businesses to be those with proven customer discovery. You will need a budget to get your first customers and make sure that a match exists between your business and the market. Once you succeed in reaching some milestones, you can move to pitch to investors.

    Investors are sure to be attracted to your business because you have shown that you have a track record of delivering. You also need to factor in the cost in terms of expenses and travel as you seek out investors. This is because pitching investors can run into months.

    Read More: How to win price way

    Lean towards crowdfunding

    In answering the question of how to attract investors to your business in recent times, the term crowdfunding is sure to come up. Crowdfunding is a recent form of attracting investors to business and raising capital. Crowdfunding is mainly done online. It involves posting your business idea on a crowdfunding site and letting your potential investors find it on the site. It is a way of announcing what you do to the world.

    Crowdfunding can benefit all kinds of entrepreneurs, irrespective of the stage they find themselves. This is due to the fact that it has a global reach to people once there is an internet connection. Depending on how it goes, you might either get all or some of the cash you need. So when next you think of how to attract investors to your business, think crowdfunding.

    Familiarize with your pitch

    Your ability to attract a certain investor to your business might boil down to your pitch, and you sure have to get it right to attract such investors. At this point, no slip up is expected of you, and you have to take measures so as not to slip up.

    You have got to rehearse your pitch to know it very well, know your facts like you know your name, though you don’t have to be robotic. In preparation, you have to anticipate their questions and have answers ready for them.

    Be articulate, show some level of calmness, don’t be defensive or aggressive. And be sure to know your numbers so as to make the right decisions on the spot.

    Knowledge of your market

    As earlier established, most of your efforts should be geared towards convincing investors that your business is worthy of their investment. And you can prove that by showing how well you know your market.

    Before pitching, make a thorough research about your target market. Have the numbers right and available to the investors. Let them know how in-demand your product or service is, how well you know your consumers, as well as how to get to them.

    Show your potential investors how different you are from the competition if there are any. They are also better convinced when they know the growth potential of your business and the marketing strategy you intend to adopt. When next you are thinking of how to attract investors to your business, you did have a better answer nestled in your head.

    Attracting investors can be quite a tedious task as are other facets of running a business. With proper drive and dedication, business targets are sure to be met. But if as a business owner you have asked the question, how do I attract investors to my business, I am sure you now know better ways of going about it.




    Continue Reading

    Trending

    %d bloggers like this: