Deadline: 9-Oct-20
Are you working on a dynamic solution that addresses the post-COVID-19 economic recovery? Apply today to be part of the completely digital New Economy Booster program.
The New Economy Booster is designed to support impact-driven entrepreneurs with both advanced and early-stage ventures, startups, non-profit organizations, or initiatives based in Ghana and Nigeria that are contributing to the country’s post-pandemic economic recovery.
Their goal is to boost high potential solutions or ventures that are already in the market or ready to go-to-market and are creating a positive impact on challenges faced by key sectors in the Ghanaian and Nigerian economies.
This is an opportunity to bring ventures to the next level, advance business skills, receive expert advice, and nourish potential investor relationships. This program has been created by Impact Hub in partnership with the lab of tomorrow and with the support of The German Federal Ministry for Economic Cooperation and Development (BMZ).
Focus Areas
They want to focus on projects that are addressing challenges in the following industries:
- Ghana: Agriculture, Healthcare, Education, Tourism and Hospitality, Manufacturing
- Nigeria: Agriculture, Healthcare, Education, Creative and Culture, Trade.
Benefits
Those selected to be part of the New Economy Booster will get a chance to:
- Get business coaching
- Receive senior expert advisory and consulting services
- Meet potential investors and have facilitated introductions to fundraising opportunities
- Access personal development and technical skills training
- Get peer support from other participants
- Access partnership building opportunities
- Have an expert in residence helping the project develop
- Work and meet at an Impact Hub space (once lockdown restrictions get lifted)
Phases
- Phase 1: Application | 1-month
- They will source 500 innovative solutions, 250 per country, that address the challenges that have identified.
- All 500 will receive access to our online global community via Global Connect Membership.
- Phase 2: Incubation | 2 months
- They will select the top 100 ventures, 50 per country to incubate.
- All 100 will receive: 5 hours of coaching, access to resources and connections, and an online community to network with that will be tailored just for you.
- Phase 3: Acceleration | 4 months
- They will select the top 30 ventures, 15 per country to accelerate.
- All 30 will receive: Project management and coordination guidance, a tailored diagnostic and development plan and access to a support network to help grow your business.
Who can apply?
Impact-driven entrepreneurs with both advanced and early-stage ventures, high-potential startups, non-profit organizations, and initiatives based in Ghana or Nigeria that:
- Identify key economic recovery challenges and opportunities in their local community
- Have the potential to generate a great social or environmental impact
- Are preventing job loss or generating new employment opportunities in industries that are suffering or are at risk of suffering
- Are scalable and are making some revenue or are projected to make some revenue in the near future
- Are already in the market or ready to go-to-market.
Criteria
To apply fill out the online form and successful applicants will be chosen by Impact Hub and partner representatives based on the following criteria:
- Impact – The potential recovery of the Post-COVID-19 economy in Ghana and/or Nigeria
- Scalability – The proposed solution has the potential to create local employment opportunities
- Feasibility – The proposed solution is technically and economically feasible
- Team – Commitment of the project team to follow through and collaborate.
For more information, visit https://impacthub.force.com/neweconomybooster/s/