May 22, 2023 is the deadline for applications. | Investing in Africa i3 Program 2023 for e-Health Startups ($50,000 grant)
Applications for the Investing in Africa i3 Program’s Second Cohort are now being accepted. I3 invites you to apply for the 2023 cohort if you are an African entrepreneur developing a solution to an issue with the distribution of health products in Africa. You have a chance of winning a $50,000 award as well as connections to influential industry, institutional, and donor players who can help with client introductions. This round will choose up to 30 firms.
| Title: | Investing in Africa i3 Program 2023 for e-Health Startups ($50,000 grant) |
| Nationality: |  |
| Amount: | $50,000 prize |
| Deadline: | May 22, 2023 |
|  |  |
| WhatsApp Link: | Click Here |
| Telegram Link: | Click Here |
Conditions for Eligibility
STARTUPS MUST MEET THE FOLLOWING CRITERIA IN ORDER TO BE ELIGIBLE TO APPLY.
- The representative of the company must be a founder or co-founder, at least 18 years old, and in possession of a valid photo ID.
- Afro-American(s) must own, run, or be in leadership of the company. This is what we mean when we say that the business is long-term managed and controlled by an African, who also holds equity in the company and actively participates in both strategic and operational decision-making. Organization’s headquarters do not have to be in Africa.
- A legal presence for business is required on the continent of Africa.
- Focusing business offerings on meeting African clients’ needs
- The business must be in its initial stages or be growing, as described below. organizations in the startup or idea stage as well as mature organizations (such as established incumbent distribution businesses) are not eligible.
ADVANCED STAGE
You must have established a strong plan to scale and sustain growth along with a well-defined market, validated client demand, functional prototype, and product roadmap.
GRADE OF GROWTH –
You must possess a potent, well defined revenue model as well as good operational and sales talents. Customer acquisition costs must be decreasing, and your products and services must be ready to scale. You must have proof that customers accept your items (in the form of sales quantities outside of early adopters).
Companies must meet all five requirements in order to be considered for evaluation.
- A company that assists Africans
- Africans own, run, and are in charge of the company.
- the early or growth period of the company
- In the near future (within two to three months), the company will either be providing services in the distribution of health products.
- Improvements in the following public health effects are shown by the company’s business model: quality, availability, affordability, accessibility, and visibility of important health items in Africa.
Benefits
3 OFFERINGS WILL BE OFFERED TO COMPANIES IN THE I3 COHORT OVER A 12 MONTH PERIOD.
- 01: MARKET ACCESS
- In an effort to aid businesses in forming alliances, pilot projects, contracts, and investments, I3 links innovators to top local and worldwide industry leaders as well as to funding, donors, and governments.
- 02: RISK-TOLERANT FINANCE
- All participating startups get a standardized grant from I3 of $50,000 for investments in commercialization and impact.
- 03 SUPPORT FOR INVESTMENT READINESS
- Leading innovation professionals from CCHub, Startupbootcamp AfriTech, Villgro Africa, and IMPACT Lab give i3’s customized investment preparation support to participating startups.
Timeline:
Applications will be accepted starting on April 25. The deadline for questions is May 22.
Applications must be submitted by 26 June 2023. 16 August 2023: A COMPLETE DUETILGE
COHORT IS ANNOUNCED FOR September 14, 2023.
For Additional Information
Visit the Investing in Africa i3 Program 2023 official website.
| Title: | Investing in Africa i3 Program 2023 for e-Health Startups ($50,000 grant) |
| Nationality: |  |
| Amount: | $50,000 prize |
| Deadline: | May 22, 2023 |
|  |  |
| WhatsApp Link: | Click Here |
| Telegram Link: | Click Here |
