Enpact has launched a funding program dubbed the Empowering Entrepreneurship Initiative that supports young, innovative businesses with a curated combination of mentoring, workshops, network building and funding.
The call is now open for the COVID-19 Relief Programme, which will support 180 businesses across all sectors in the 6 countries Mexico, Egypt, Jordan, Kenya, Ghana and Indonesia and Kenya.
What Startups Stand To Gain
- Selected businesses will have access to Individual mentoring sessions adapted to their needs, Direct financial support of up to $10,000 per business, expert workshops on crisis management, business development, leadership and growth and access to our global network of +1000 startups, +300 mentors, experts and investors across five different continents.
- A total sum of nearly €3 million will be distributed directly to entrepreneurs in 6 countries to provide them with financial security while they focus on adapting their businesses to the unique struggles they have faced during the crisis.
- The Empowering Entrepreneurship Initiative will now operate two programmes designed to deliver economic relief from the COVID-19 crisis: the “COVID-19-Relief-Programme” and the “COVID-19-Relief-Programme for Tourism”.
- The programmes are both funded by the Federal Ministry for Economic Cooperation and Development.
- The Strategic Partnership Technology in Africa works in cooperation with enpact to promote the implementation of the programme.
- The first programme, however, is implemented independently by enpact.
- For the second programme, Enpact cooperates with the TUI Care Foundation.
Read also: Read also: Applications Reopen For Enygma Ventures $1m Shift Fund On Monday, August 3
What Startups Enpact Is Looking At?
- A total of 330 founding teams of young, innovative businesses in Egypt, Ghana, Jordan, Indonesia, Mexico and Kenya will be supported with a combination of mentoring, workshops, network building and financial support.
- The first “COVID-19 Relief Programme” is open to businesses from all sectors, with the second, “COVID-19-Relief-Programme for Tourism” specifically tailored for businesses from the tourism sector and sectors relevant to tourism.
- The two programmes will operate independently of each other and follow different schedules, scales and thematic foci in their respective target countries.
How Startups May Apply
Legally registered businesses in Egypt, Jordan, Ghana, Kenya, and Indonesia across all sectors with an innovative, globally scalable business model have until August 30, 2020, 23:59 (Berlin time) to apply for the program.
To apply, click here.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer