Apply for €10,000 of TEF Alumni Network Women Entrepreneurship for Africa (WE4A)

Apply for €10,000 of TEF Alumni Network Women Entrepreneurship for Africa (WE4A)

Apply for €10,000 of TEF Alumni Network Women Entrepreneurship for Africa (WE4A)

Apply for €10,000 of TEF Alumni Network Women Entrepreneurship for Africa (WE4A)

Increasing access to funding, market opportunities, knowledge enhancement, and technical training for women entrepreneurs in Africa.

Programme Features

€10,000  in grant funding to 120 women entrepreneurs from the TEF alumni network. 3 Months  of technical support through a virtual acceleration program.

Up to €50,000 additional grant funding for up to 15 enterprises with high growth potential.

 

Key Objective

to improve the business capacity of women-led enterprises and increase their chances of raising follow-on funding from private sector investors.

The “Women Entrepreneurship for Africa” (WE4A) program is an action jointly supported by the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS) and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the Tony Elumelu Foundation (TEF), and the German Development agency GIZ (E4D program). It is focused on empowering underserved communities in Sub-Saharan Africa comprising of women, youth, and the informal sector. The Acceleration/Growth Programme will be implemented with support of SAFEEM (Swiss Association for Entrepreneurship in Emerging Markets).

Program Overview

What is Women Entrepreneurship 4 Africa?

Women entrepreneurship for Africa is an EU, OACPS and BMZ funded program, that seeks to provide 120 female entrepreneurs from the TEF alumni network, with access to €10.000 in grant funding that will be paired with 3 months of technical support through a virtual acceleration program.

 

The program aims to improve the business capacity of women-led enterprises to increase their chances of raising follow-on funding from private sector investors. Additional grant funding up to €50.000 in conjunction with a growth program will be provided to 15 enterprises selected by an expert panel as having the most high-growth potential. This program will be an additional 3 months.

 

Who are the partners?

EU (European Union), Organization of African, Caribbean and Pacific Group of States (OACPS) jointly with the Federal Ministry for Economic Cooperation and Development (BMZ), TEF (Tony Elumelu Foundation) and GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit).

 

This component will be implemented by SAFEEM (Swiss Association for Entrepreneurship in Emerging Markets).

 

Application Process

 

Who is eligible?

Female entrepreneurs from the TEF Alumni network.

 

Why do I need to be an Alumni of TEF to be a part of the program?

TEF is the sourcing partner for this program and will only source female entrepreneurs from their network.

 

What stage should my start-up be to qualify for the program?

You should have a working product and ideally already have customers.

 

Does my start-up need to leverage technology to qualify for the program, if so what technology?

No, the program is open to businesses operating across all business sectors.

Once applications are closed, how long will the selection process take?

6 to 8 weeks.

 

How will I know if I have been accepted to the program?

The execution partners will inform you via email if you have been accepted to the program.

Please make sure to regularly check your emails and spam folder.

 

Program Details

How long will the program last?

The program will last for 3 months of acceleration, and if you are selected, it will be followed by a growth program and technical assistance for an additional 3 months.

 

How many cohorts of startups will there be in the program?

There will be 2 startup cohorts

 

How many start-ups will be in each cohort and how do I know which cohort I am a part of?

There will be 60 startups in each cohort and every startup represented will be informed on what cohort they are in.

 

Is the program virtual or do I need to relocate?

The Acceleration Program is implemented in a virtual environment.

 

How many hours per week do I need to commit to, to be successful in this program?

Participating female-led entrepreneurs need to commit to up to 5 hours per week for program activities.

 

How will the training be delivered?

Training and all related program activities will be delivered virtually via Zoom. There will also be an online program management and e-learning platform.

Apply for €10,000 of TEF Alumni Network Women Entrepreneurship for Africa (WE4A)

Apply for €10,000 of TEF Alumni Network Women Entrepreneurship for Africa (WE4A)

What are the different program activities?

In total, there will be 20.5 hours of activities provided to you per month. Every week you will have:

 

  • 1.5 hours of workshop/training session
    ● 1.5 hours of 1:1 mentor session
    ● 1.5 hours of EIR Peer 2 Peer learning session

 

There will also be 1 hour per month of networking and 1.5 hours per month of an expert/fireside
chat session.

 

What is the demo day?

The Demo Day is the event where you pitch your idea to stakeholders, partners, mentors, donors and investors. A marketing campaign will be included to increase visibility.

Do I have to pitch on the demo day?

Yes, all startups going through the program are expected to pitch on the demo day.

 

Who will be attending the demo day?

External and Internal stakeholders, partners, mentors, donors and investors.

 

Does my startup need all-female founding team members?

There needs to be at least one female entrepreneur from the TEF Alumni network in the startup that takes part in the program.

What do we get from the growth program?

The growth program will only be open to the top 15 high-growth startups and is designed to help startups build a Growth Team and implement a Growth Methodology in order to support scaling up the venture and raise Series A and beyond. Grant of up to €50,000 will be a growth capital that is needed to scale up.

 

Do I have access to mentors?

Yes, the program provides you with a dedicated mentor based on your startup’s needs.

 

Who do I talk to if I need support with the program or have additional questions?

We will have a team of Acceleration Program Manager, Program Coordinator and Community Manager to assist with any organizational questions you might have. On top of that for all content related questions, there will be a Startup Growth lead and Entrepreneur in Residence that work closely with you.

 

What is the selection process for entering the acceleration and growth programs?

A team of investment analysts will review all applications and conduct any necessary interviews in order to select the startups that have the most high-growth potential.

 

What does it mean to be a high-growth company?

For this program, we recommend selecting and supporting women entrepreneurs that have the potential to become high-growth enterprises and thus have the biggest potential impact on future job creation.

 

High growth enterprises typically have disruptive business models and are targeting large addressable markets. They also have high growth and scale potential and are typically led by ambitious entrepreneurs with significant risk tolerance. By supporting these types of ventures, we support both economic and social impact.

 

Want to be a part of the Women Entrepreneurship for Africa Programme?
(WE4A)

Apply Now

 

Source:

https://www.tonyelumelufoundation.org/women-entrepreneurship-for-africa

 

 

Here are the questions for the application

 

Women Entrepreneurship for Africa – Accelerator and Growth Program

funded by EU, OACPS and BMZ and implemented by TEF, GIZ and SAFEEM

 

The “Women Entrepreneurship for Africa” (WE4A) program is an Action jointly supported by the European Union (EU), the Organisation of African, Carribbean and Pacific States (OACPS) and the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the Tony Elumelu Foundation (TEF) and the German Development agency GIZ (E4D program). It is part of the ‘EU Action for Financial inclusion, Access to Finance and Knowledge Management for ACP countries, focusing on the underserved: women, youth and informal sector’.

 

The program seeks to provide 120 women entrepreneurs from the TEF alumni network, with access to €10.000 in grant funding that will be paired with 3 months of technical support through a virtual acceleration program.

 

The program aims to improve the business capacity of women-led enterprises to increase their chances of raising follow-on funding from private sector investors. Additional grant funding up to €50.000 in conjunction with a growth program will be provided for up to 15 enterprises selected by an expert panel as having the most high-growth potential.

 

Both the initial acceleration and the follow-on growth program aim to support women entrepreneurs, in Sub-Saharan Africa, to flourish and contribute to employment creation in their communities through enhanced business capacities, access to formal financial services, and integration into local and regional value chains.

General Information:

First Name

Last Name

What is your TEF ID?

Date of Birth

//

Country of Contact

Startup Information:

Startup Name

You are…

What stage are you at?

Which category best describes your solution?

Which industry does your startup belong to?

Year of Incorporation

Write N/A if you haven’t incorporated your startup yet

Country of Incorporation

Write N/A if your startup is not incorporated yet

What is your company’s registration type?

Website

Please complete this required field.

Pitch Deck

Logo

Elevator Pitch

Please complete this required field.

Kindly explain the problem you are trying to solve:

Please complete this required field.

Kindly explain the solution you have created:

What milestones have you achieved so far?

What challenges are you currently facing?

Who is your target customer?

Why would customers prefer your solution? What is your market position relative to others?

What is your startup’s business model?

Subscription: Monthly reccuring revenue for a service

Commission: You take percentage of a transaction value

Product: You sell your own product on demand

Product + Subscription: You sell/give the product upfront and then get a recurring revenue for a service

Freemium: Additional feautures are paid for

On-demand: Each use/download/purchase is sold for a fee. AKA fee for service

Advertising: You sell advertising space/clicks/impressions etc

Licensing: You have the IP and license it to third parties who operate

Other

What is your startup’s transaction model?

B2C

B2B

B2G

B2B2C

B2B Marketplace

B2C Marketplace

C2C Marketplace

Do you have product-market fit?

How do you know? 

Gut feeling

Survey

Retention curves

Other

What is the type of technology you offer?

Please select an option from the dropdown menu.

Is the tech component of your solution developed in-house?

In which countries do you have operations?

Kindly separate the names of the countries using a comma (,)

Please complete this required field.

Team Information:

Number of Employees:

Please select an option from the dropdown menu.

Number of Full Time Employees:

Number of Women Employees

Please complete this required field.

How many team members do you have on the founding team?

Please select an option from the dropdown menu.

How committed is the founding team?

Please select an option from the dropdown menu.

Traction Information:

Do you know your unit economics?

Average Customer Acquisition Cost:

in USD

Average Lifetime Value of a Customer:

in USD

Number of Paying Customers:

Average Churn of Customers:

Number of Active Users/Customers:

Current Monthly Net Revenue:

in USD

Monthly GMV:

in USD

Monthly Expenses:

in USD

Bank Balance:

in USD

Funding Information:

Have you joined any accelerators previously?

Have you previously raised any funding?

 

For a professional review of your application before submission call us on 081 0563 6015 or send a mail to dayohub@gmail.com

Source:

https://www.tonyelumelufoundation.org/women-entrepreneurship-for-africa

 

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