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FRAGG Impact Growth Accelerator Programme For SMEs In West Africa

Growth Accelerator Programme

FRAGG Investment Management is calling for applications for the FRAGG Impact Growth Accelerator Programme. This is an opportunity for SMEs in West Africa to benefit from a real-time business development program, and improve their businesses.

See Also: AfriTech XYZ Innovation Prize For Early-Stage Tech Companies – Win £1000 + More

About FRAGG Impact Growth Accelerator Programme

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

The FRAGG Impact Growth Accelerator Programme (FIGAP) is an initiative structured, in partnership with the African Guarantee Fund. The aim is to close the funding gap for SMEs in West Africa, by providing support to companies and projects in the impact and climate sectors that are at the expansion stage, in order to prepare them for the financing needed to scale.

It is designed as a business development program to provide support to participants with business strategies, growth, and scalability tools required to become investment-ready. The program serves to facilitate enhanced access to finance needed to scale-up and build a successful lasting business structure.

Moreso, the program will culminate in a networking event with investors, business leaders, and corporate decision-makers in order to foster interaction with prospective investors.

See Also: Open Ideo Covid-19 Global South Health And Livelihoods Challenge – Submit Your Idea Now

What to Expect

If you are thinking of participating in this program, some of what to expect include;

  1. Business Assessment; An accelerated proposal assessment program to help you determine the suitability of your business for financing
  2. Company Support; A tailored support in capacity building, and preparing a clear plan of how you can scale and access capital
  3. Mentorship; Access to mentors and industry experts to offer you advice
  4. Investment Support: Access to a pool of potential financiers and investors, with support in identification of, access to, and engagement with potential and relevant investors. Additionally, an opening for the provision of the African Guarantee Fund (AGF) guarantee, and you can have access to funding from the FRAGG Impact Fund.

See Also: 100 Profitable business ideas to start now for aspiring entrepreneurs and investors

FRAGG Impact Growth Accelerator Programme Curriculum

The curriculum include;

  • Strategic Business Planning | Financial Management | Capital Raising
  • Product Development | Market Expansion
  • Risk Management | Internal Audit | Control
  • ESG Evaluation, Monitoring, & Reporting

Application Criteria

FRAGG is seeking per cohort. It is seeking 20 ambitious, innovative, and growth-stage impact businesses that are committed to combining financial returns with discernible social and/or environmental impact. Your business must:

  1. For-profit, post-revenue business seeking a minimum of 250,000 USD as growth-funding
  2. Have at least 75% of its activities in West Africa (applications from Nigeria, Benin, and Togo will be prioritised)
  3. Have existed for at least three years
  4. Also, have a full-time dedicated, diverse and inclusive management/staff with a reasonable ratio of women and youth
  5. Have a scalable and innovative social impact business
  6. Have a turnover of at least 1 million USD
  7. Be open to raising external investment

See Also: Enygma Ventures Shift Fund For Entrepreneurs Rebuilding The World – Apply Now

Target Impact Sectors

Inclusive Finance & Related FinTech Services: Including Microfinance/SME Banks, Finance Houses, OFIs, Commercial Banks, Payment Solutions, and other Financial Technology Solutions.

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

Agriculture Agribusinesses covering the entire agriculture value chain, including but not limited to food production especially small-holder farming, food processing and storage, packaging, distribution (transportation and haulage), and wholesale/retail market (export or domestic).

Healthcare & related services

From diagnosis to treatment and core areas of health management and prevention, including but not limited to general and specialised hospitals, primary health care centres, pharmaceuticals, HMOs, and health technology.

Affordable Housing

Housing projects that increase access to practical and viable housing especially for earners on the lower end of the spectrum. Sustainable and energy-efficient housing projects are of particular interest.

See Also: Global Bioeconomy Summit 2020 For Young Champions Worldwide

Climate Finance

Projects covering climate mitigation, adaptation, and REDD+ (reducing emissions from deforestation and forest degradation). Projects including but not limited to Renewable Energy, Lower Carbon & Efficient Energy Generation, Waste Management & Recycling, Non-Energy GHG Reductions, Sustainable Transportation, Water & Waste Water Systems, and Coastal & Riverine Infrastructure.

Education

Inclusive education models with projects covering low-fee private education in preparatory, primary, secondary, tertiary, and vocational institutions, education technology (EdTech), educational infrastructure, and related services.

See Also: World Smart City Awards 2020 For Innovative Ideas Around The World

Are you ready to accelerate your business to success? Register for the FRAGG Impact Growth Accelerator Programme before the deadline August 31, 2020. Use this link to access the application form: https://www.fragginvest.com/accelerator-programme/#form

Let’s create visibility for your brand today and put your business on the world map. Contact us today to make your brand the preferred choice among our audience of entrepreneurs and business leaders.

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