SMME NEWS - JAN 2018 ISSUE
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January <strong>2018</strong><br />
<strong>SMME</strong><br />
<strong>NEWS</strong><br />
9<br />
Apply Now for Tony Elumelu<br />
Entrepreneurship Programme<br />
<strong>2018</strong> – $100 million to create 10,000<br />
African Entrepreneurs in 10 Years<br />
The Tony Elumelu Foundation<br />
Entrepreneurship Programme –<br />
TEEP – to offer 10,000 aspiring<br />
African Entrepreneurs an<br />
opportunity to benefit from $100<br />
million grant to create 1,000,000<br />
jobs and contribute $10 billion<br />
in annual revenues to Africa’s<br />
economy over the next 10 years.<br />
Application Period: Interested<br />
entrepreneurs will be able to<br />
submit their applications to join<br />
the programme as from 1st January<br />
<strong>2018</strong> until Midnight WAT on March<br />
1, <strong>2018</strong>.<br />
Offered annually? Yes. For a<br />
period of 10 years<br />
Opportunity is open to: All citizens<br />
(18 and above) and legal residents<br />
of all African<br />
countries with businesses that<br />
operate in Africa.<br />
About Entrepreneurship<br />
Programme: Nigerian billionaire<br />
investor and philanthropist<br />
Tony Elumelu has committed<br />
$100 million to create 10,000<br />
entrepreneurs across Africa over<br />
the next 10 years. Elumelu made<br />
the commitment on Monday<br />
during a press conference in<br />
Lagos to announce the launch of<br />
The Tony Elumelu Foundation<br />
Entrepreneurship Programme<br />
(TEEP).<br />
Value of Programme: The 1,000<br />
start-ups selected from a pool<br />
of applicants across Africa will<br />
participate in a comprehensive<br />
programme which will include;<br />
• A customized 12-week business<br />
skills training course<br />
• Start-Up Enterprise Toolkit<br />
• Mentoring<br />
• Resource Library<br />
• 2-Day Boot Camp<br />
• Seed Capital Funding<br />
• Elumelu Forum<br />
• Alumni Network<br />
To apply and for more info visit<br />
www.tonyelumelufoundation.org<br />
Call for Applications:<br />
Microsoft Airband Grant<br />
Initiative (fund to overcome<br />
barriers to affordable internet<br />
access) <strong>2018</strong><br />
About the Award: Internet<br />
connectivity is an increasingly<br />
critical part of accessing a better<br />
education, jobs and health care, and<br />
in participating in the 21st century<br />
economy.<br />
Yet, with more than half of the<br />
world’s population lacking internet<br />
connectivity, often in rural and<br />
other underserved communities,<br />
there is still a long road ahead of us.<br />
Eligibility:<br />
• Grant fund applicants must be<br />
early stage internet and energy<br />
startups.<br />
• Applicants must be commercial<br />
organizations with at least two fulltime<br />
employees, have a prototype<br />
of a working solution and have<br />
preferably paying customers.<br />
• These solutions ideally<br />
More opportunities<br />
combine new cloud services and<br />
applications, low-cost forms of<br />
internet connectivity, and new<br />
payment mechanisms designed for<br />
consumers and smaller businesses<br />
in underserved markets.<br />
Application Deadline: 31st January<br />
<strong>2018</strong><br />
Pangea Accelerator Program<br />
for African Entrepreneurs<br />
<strong>2018</strong><br />
Pangea is happy to announce that<br />
the application round to join The<br />
Pangea Accelerator in Nairobi is<br />
open.<br />
The program enables African<br />
startups to take it to the next level<br />
with our three months accelerator<br />
program and the opportunity to get<br />
up to $50 000 in funding.<br />
Application Deadline: 19th<br />
February <strong>2018</strong><br />
Eligible Countries: African<br />
countries<br />
About the Award: The Pangea<br />
Accelerator offers dedicated<br />
expertise to help your company<br />
reach full potential and connect you<br />
to capital and investors to scale your<br />
company.<br />
Apply before 19th February for a<br />
chance to accelerate the growth of<br />
your company.<br />
• Validation and Scalability: Get the<br />
skills and tools you need to validate<br />
and scale your business.<br />
Loans<br />
blacklisted, garnish sametime<br />
payout. Requirements, Id,<br />
3months bank statement,<br />
latest payslip.<br />
Mbali<br />
078 320 3908<br />
• Mentoring: Tap in to a pool of<br />
experience and expertise from<br />
the angel investor and diaspora<br />
communities in Europe, US and<br />
Africa. Learn from succesful<br />
entrepreneurs, angel investors and<br />
experts.<br />
• Management and Operation:<br />
Learn how to run the daily<br />
operational activities of your<br />
business<br />
• Access investors: As a startup,<br />
having the right investment and<br />
competence partner is a crucial<br />
aspect of growing your business.<br />
At Pangeaa, we match you with<br />
best investors to accelerate your<br />
company.<br />
Field of Funding: Fintech –<br />
Agribusiness – Green Initiatives –<br />
Education – Healthcare – and many<br />
more.<br />
Eligibility:<br />
• Impact Driven Early Stage<br />
Startups: Your idea is unique and<br />
scalable.<br />
• Pre-Revenue & Revenue<br />
Companies: You have either<br />
generated some income or in the<br />
process of doing so.<br />
• Potential To Create Employment:<br />
Your project will create jobs in your<br />
community.<br />
• Passionate Team: You believe in<br />
your project and work hard to reach<br />
your goals.<br />
Duration of Program: 3 months<br />
How to Apply: visit www.pangeaa.<br />
com<br />
U.S. African Development<br />
Foundation Grants for African<br />
Enterprises <strong>2018</strong><br />
The U.S. African Development<br />
Foundation invites proposals<br />
for grant financing and local<br />
support, from African enterprises,<br />
cooperatives, and producer groups<br />
with innovative solutions that<br />
extend their own capabilities to<br />
increase revenues, create jobs,<br />
improve farmer incomes, and<br />
achieve sustainable market-based<br />
growth.<br />
Application Deadline: 29th<br />
January <strong>2018</strong><br />
Type: Grants<br />
Eligibility:<br />
• USADF will only consider<br />
proposals from 100% Africanowned<br />
enterprises, associations<br />
or cooperatives operating in the<br />
specified country sectors.<br />
• Applicants must be legally<br />
registered in their country, with<br />
a proven ability to track, manage,<br />
and use internal and external<br />
resources to achieve growth.<br />
• The majority of USADF’s<br />
funding agreements range between<br />
$100,000 and $250,000. USADF<br />
does not provide funding to<br />
government agencies, political<br />
parties, or organizations that are<br />
not based in Africa<br />
Selection Criteria: Successful<br />
Proposals Must<br />
Loans<br />
blacklisted, garnish sametime<br />
payout. Requirements, Id,<br />
3months bank statement,<br />
latest payslip.<br />
Contact Nozipho<br />
073 2994675.<br />
• Have a clearly defined market<br />
opportunity to grow revenues that<br />
can increase farmer incomes.<br />
• Have a clearly defined plan of<br />
how they can increase revenues<br />
and farmer incomes in 2- 4 years.<br />
• Be able to make significant cash<br />
or in-kind contributions toward<br />
making the project successful.<br />
• Be able to impact hundreds of<br />
farmers.<br />
• Be able to identify additional<br />
financing options available after<br />
the USADF grant ends.<br />
Organization Requirements<br />
1. The organization must be 100%<br />
African-owned and managed by<br />
country nationals.<br />
2. The organization must be a<br />
legally registered African entity (or<br />
in the process of becoming legally<br />
registered. Registration must be<br />
completed before any funding may<br />
be provided).<br />
3. The organization must<br />
demonstrate that it has successfully<br />
worked together and has the<br />
capability to effectively use grants<br />
funds..<br />
4. The ownership and management<br />
must be in agreement on the<br />
problem to be addressed and have<br />
a commitment to benefit their<br />
community.<br />
5. The organization must have<br />
basic functional management and<br />
controls to account for USADF<br />
funds.<br />
Supporting Documents<br />
1. Completed Application Form. –<br />
Required<br />
2. Copy of a valid organization<br />
or nterprise registration form. –<br />
Required<br />
3. Most Recent Business Plan. –<br />
Preferred but Optional<br />
4. Two Years of Financial<br />
Statements – Preferred but<br />
Optional<br />
Grant Application Instructions<br />
Send a copy of the completed<br />
application form and a copy of<br />
the registration document to<br />
the address listed below for your<br />
country.<br />
Be sure to include a copy of your<br />
recent business plan and financial<br />
statements if you have them.<br />
Note: USADF is only accepting<br />
applications from cooperatives,<br />
associations, or enterprises<br />
directly involved in the sectors<br />
listed for each country in the table<br />
below.<br />
USADF is not accepting<br />
applications from NGOs.<br />
Application materials submitted<br />
after January 29, <strong>2018</strong> will not be<br />
considered<br />
Loans<br />
blacklisted, garnish sametime<br />
payout. Requirements, Id,<br />
3months bank statement,<br />
latest payslip.<br />
Contact Thabsile<br />
0603123733.