The Spark Magazine (Jan 2018)
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<strong>The</strong> <strong>Spark</strong> | Ignite/Connect/Achieve<br />
questions as well as upload some documents. If selected, you stand to<br />
gain not only funding, but also mentorship and a strong support system<br />
that would all see to your success. You can visit them at Heirs Place, 1<br />
MacGregor Road, Ikoyi, Lagos – Nigeria, call them at +234127746415 or<br />
send them an email at info@tonyelumelufoundation.org.<br />
4. SMEDAN<br />
SMEDAN, which stands for Small and Medium Enterprises Development<br />
Agency of Nigeria, was established to initiate growth and development<br />
of small and medium enterprises. <strong>The</strong> organisation has different types of<br />
loans; the business loan, personal loan, mortgage loan and credit cards.<br />
<strong>The</strong> loans are divided based on size of fund, interest rate and the type of<br />
business to be funded. <strong>The</strong> organisation serves as a link between you and<br />
loan providers based on the type of loan you apply for.<br />
To access this, you must fill in your information on their website and<br />
afterwards they suggest different loan providers for you based on your<br />
information. You can contact them at 35, Port-Harcourt Crescent Area 11,<br />
Garki, FCT-Abuja, Nigeria or simply visit their website at<br />
http://cip.smedan.gov.ng/<br />
7. Seedstars<br />
Seedstars is a Swiss-based non-profit organisation. <strong>The</strong>ir focus is<br />
investing in entrepreneurship ventures and technology in<br />
emerging markets around the world. In their popular competition,<br />
they invest up to $500,000 in the winning start-up company of<br />
any industry. <strong>The</strong> competition is run locally, regionally and at the<br />
global level in Switzerland.<br />
You apply by going to their website at https://www.seedstarsworld.<br />
com/ to apply and be ready to pitch your ideas to a jury. For further<br />
information, you can send them an email at info@seedstars.com.<br />
5. Agri-Vie<br />
Focusing mainly on food and agro-business in Sub-Saharan Africa, Agri-<br />
Vie is a private equity investment fund that seeks to address development<br />
impact challenges. For close to ten years now, since their establishment<br />
in 2008, they have invested a lot of money into value. <strong>The</strong>ir ability to<br />
recognise value or its potential has made it possible for them to make<br />
impact in the region. But for rare cases when they invest in stand-alone<br />
primary production, Agri-Vie only invests in food and agro-business value<br />
chain.<br />
<strong>The</strong>ir focus is on food and beverages, dairy products, food logistics,<br />
health and wellness products, convenience food, forestry and timber<br />
agricultural inputs such as seeds and fertilisers, and renewable energy.<br />
Before any offer is made, the organisation will take a space of 12 to 16<br />
weeks to evaluate the application based on prospects, capital structure,<br />
terms for the shareholders agreement among others. Agri-Vie is situated<br />
at Barinor’s Vineyard South, <strong>The</strong> Vineyards Office Estate, Bellville, South<br />
Africa, 7530 and you could call them on +27 (0)21 913 5662 or email them<br />
at office@agrivie.com<br />
8. <strong>The</strong> United States African Development<br />
Foundation<br />
Focused on agriculture, off-grid energy and youth-led enterprises, the<br />
USADF is an independent US government initiative established by<br />
the congress to assist economic activities that improves lives in poor<br />
communities in Africa. Since inception, they have invested about $53<br />
million in 500 active enterprises. Timely, the USADF calls for proposals<br />
from 100% African enterprises in the agricultural sector. However, they<br />
have different specific sub-sectors that they consider for each country. For<br />
Nigeria, it is rice, sorghum, cassava and aquaculture. You can get more<br />
comprehensive information at their website http://www.usadf.gov/apply/<br />
or send an email to Nigeria@usadf.gov.<br />
9. Acumen Fund<br />
6. Tony Elumelu Foundation<br />
Founded in 2010 by Tony O. Elumelu, TEF is an African non-profit<br />
organisation founded to support philanthropic goals across Africa<br />
in order to drive Africa’s development. Since then and when the TEF<br />
Entrepreneurship programme was launched in 2015, the foundation has<br />
supported many businesses across Africa, including agro-businesses.<br />
You can apply into the TEF Entrepreneurship Programme by visiting their<br />
website at http://www.tonyelumelufoundation.org/ to answer certain<br />
Acumen Fund was founded in 2001 by Jacqueline Novogratz to alleviate<br />
poverty using entrepreneurship. Acumen, however, started investing<br />
in West Africa in 2011. Since then, they have invested in six companies,<br />
including Esoko, a mobile platform that provides agronomic tips and<br />
market prices to rural farmers. Usually, they provide patient capital that<br />
provides start-ups with the flexibility and security to grow their business.<br />
You can contact their West African office at A&C Square, No. 14 Jungle<br />
Road, East-Legon, P.O. Box CT8740, Accra, Ghana or call +233 030 298<br />
4098 and you can also visit their website https://acumen.org/ for more<br />
information.<br />
@thesparkng<br />
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