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