Calls for applications have opened as early-stage African tech startups have been invited to apply for support from Bayer Foundation, which helps impact startups validate their solutions. Annually, the Bayer Foundation partners the Ingolstadt School of Management in the Social Impact Startup Academy (SISTAC) to help entrepreneurs from Sub-Saharan Africa validate and prove their solutions, with the goal of helping these entrepreneurs grow their business.
Selected startups gain access to mentors from the Ingolstadt School of Management, access to the Bayer Foundation network, and free business consultation. They can also access funding possibilities and competitions, the SISTAC knowledge database, and workshops and events.
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The foundation is looking for businesses whose main focus is on Sustainable Development Goals 2 and 3 – zero hunger, and health and wellbeing. They should be in the validation stage, with some customers but looking to optimise and validate their solution to grow.
There is also a preference for female founders or co-founders, but this is not a hard criteria, and all businesses must be for profit and operating within Sub-Saharan Africa.
Interested parties can visit https://getinthering.co/challenges/grow-your-social-innovation-startup-from-sub-saharan-africa-with-bayer-foundations-social-impact-startup-academy/ before end of May 2021 to apply.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry