USADF Accelerate Africa Entrepreneurship Challenge 2022
The Challenge is an initiative of USADF’s Youth and Women Entrepreneurship Portfolio designed to address Africa’s youth bulge, economically empower youth and women, and impact job creation across Africa.
The Accelerate Africa Entrepreneurship Challenge is intended to invest in Micro, Small, and Mid-Size enterprises (MSMEs) that:
- Address Africa’s youth bulge by prioritizing job creation to enhance youth productivity and livelihoods.
- Economically empower youth and women to apply business solutions to social problems and create sustainable employment across Africa.
- Addresses unmet needs of underserved and at-risk communities and/or market demand.
- Formalize market opportunities and supply chain linkages for youth and women-owned MSME.
About United States African Development Fund (USADF)
The U.S. African Development Foundation (USADF) is an independent U.S. government agency established by Congress to invest in African grassroots organizations, entrepreneurs and small and medium-sized enterprises. USADF’s investments promote local economic development by increasing incomes, revenues and jobs, and creating pathways to prosperity for marginalized populations and underserved communities. Over the last five years, throughout Africa, with an emphasis on the Horn, Sahel and Great Lakes regions, USADF has invested more than $115 million dollars directly into over 1,000 Af…..
Aim and Benefits of USADF Accelerate Africa Entrepreneurship Challenge
Winning applicants will receive:
- Grant capital of US$50,000 to US$250,000 from USADF.
- Access to intensive local technical assistance and governance support.
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Requirements for USADF Accelerate Africa Entrepreneurship Challenge Qualification
- Applicants must be 100% African-owned and managed by private companies;
- Be registered and operating in Benin, Burkina Faso, Burundi, Côte d’Ivoire, Democratic Republic of Congo, Kenya, Liberia, Malawi, Mauritania, Niger, Nigeria, Rwanda, Senegal, Somalia, South Sudan, Tanzania, Uganda, and Zambia.
- Express clearly how they will benefit underserved populations across Africa including showing demonstrable positive impacts for youth and women.
- Express clearly how they will achieve sustainable growth.
- Document adequate expertise in the field they are proposing or document how they will acquire the necessary expertise.
- Clearly document how they will use USADF grant capital to carry out their concept.
Application Deadline
September 30, 2022
How to Apply
Applications will be accepted from September 6, 2022, to September 30, 2022. Proposals received after the closing date will not be accepted. Applications are on a first come, first served basis, so it is advised that applications are submitted well ahead of the window close.
Click Here To Download The Application Form.
For more details,visit USADF website
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