The Voice1Africa & Sound Mind Buildup Entrepreneurship Development Program for Africa 2024 is a remarkable initiative aimed at empowering young African entrepreneurs. Let’s break down the key details:

Summary:

• The program, known as EDP For Africa, was launched in 2021 by Voice1Africa and Sound Mind Buildup.
• Its primary goal is to train and financially empower young African entrepreneurs.
• By fostering connections among African entrepreneurs, the program aims to build a connected Africa that collaborates in business.
• This initiative aligns with the African Continental Free Trade Area (AfCFTA) agreement, which seeks to create the world’s largest free trade area by involving 55 African countries with a combined GDP of US$3.4 trillion.
  

  Application Requirements:

• Applicants must be between 18 and 35 years old.
• They should already be engaged in business on the African continent or have the intention to start one.

Benefits:

• No strings attached: Entrepreneurs have the freedom to pursue their vision and run their business their way.
• $100 grant: Successful applicants receive a grant to support their entrepreneurial endeavors.
• Networking: Entrepreneurs get the opportunity to connect with other young business leaders across Africa.
• Market expansion: Participants can open their businesses to other parts of Africa, expanding their market reach.
• Business Development Certificate: Grantees gain a certificate in Business Development from EDP For Africa.

Type:

• The program operates as a grant, meaning it provides non-repayable financial support for specific business purposes.
• It does not claim any equity or ownership in the grantees’ initiatives or intellectual property.
• The funding can be used as long as it aligns with the program’s mission and objectives.

Award and Location:

• The program offers grants of up to $300 to selected entrepreneurs.
• All activities are administered online, eliminating the need for physical presence or travel.
• The program is expected to run for 12 months, from April 2024 to March 2025.

Deadline:

25 February 2024