Call for Applications: African Funding Readiness Fellowship 2025

Deadline: December 16, 2024

Applications are open for the Africa Funding Readiness Fellowship 2025. The Africa Funding Readiness Fellowship is an immersive and intensive coaching which goals to assist nano, micro, small and medium enterprises obtain monetary readiness to safe funding. The fellowship will put together enterprise homeowners for funding by means of workshops and mentorship and can present direct entry to a community of over 50 traders. African Funding Readiness Fellowship is an expanded model of Countdown to Capital a 4-day intensive coaching held in 2022 for 20 entrepreneurs.

The Fellowship will cowl themes round:

• Fundable Business Structures: You will discover ways to construct enterprise constructions that appeal to funders to your enterprise, together with monetary administration, understanding monetary dangers, and required authorized constructions.
• Business Leadership: Driving Vision, Strategy, and Growth; discover ways to information your online business towards reaching its objectives by setting a transparent imaginative and prescient, making strategic choices, and galvanizing groups to carry out at their greatest. Balancing innovation, adaptability, and collaboration to foster sustainable development and aggressive benefit.
• Business Strategy, Operations and Technology Adoption: Optimizing Success, Aligning Business Strategy, Streamlining Operations, and Leveraging Technology Adoption. This highlights the significance of integrating enterprise technique with environment friendly operations and the adoption of rising applied sciences to drive development, enhance competitiveness, and guarantee long-term sustainability in right now’s dynamic market surroundings.

Benefits

• Funding Readiness Training: This is a 6-month intensive coaching designed to equip founders and entrepreneurs with elementary entrepreneurship coaching e.g. enterprise management, technique and operationalization. Founders will discover ways to apply profitable methods to develop their companies, develop funding plans, and so forth.
• Mentorship: AFRF will present one-on-one mentorship to fellows to enhance the educational modules from the workshop. Mentors will present strategic steering and help fellows in navigating the intricacies of constructing a profitable enterprise.
• Access to Funding: They will host a demo day and supply an OPPORTUNITY for fellows to pitch to traders. We may even companion with native lending establishments to offer low-interest loans to chose fellows.

Eligibility

Applicants should:

• Demonstrate their capability to point out dedication all through the Fellowship.
• Possess a dependable web connection, be totally out there to take part all through the whole lot of this system and be capable of take part in English.
• Have a presently working enterprise or aspiring enterprise primarily based in Africa.
• Be above 18 years as of January 2025.

Participants might be chosen primarily based on benefit and skill to showcase purposefulness in enterprise and showcase progressive and impactful ventures with robust market potential.

Application

• Stage 1 Application (October 21 – December 16, 2024):
  • First Stage Application: Applicants are to report a 120-second video pitch.
• Second 2 Application (January 2025):
  • Successful semifinalists from Stage 1 might be requested to reply some particular questions, associated to the Fellowship objectives, in writing. The Fellowship accommodates solely 100 entrepreneurs

Click here to apply

For extra info, go to Africa Funding Readiness Fellowship.