Village Capital with the support of IFC is calling for applications for the Future of Work Africa 2021. This is an accelerator program supporting and scaling startups who are bridging the gap of unemployment in Africa.
It is for entrepreneurs building for-profit and market-based solutions across spectrum to help young people in Sub-Saharan Africa.
About Future Of Work Africa 2021
The Future of Work Africa 2021 is an initiative of Village Capital, with the support of IFC. It is an accelerator supporting and scaling startups across Sub-Saharan Africa that help young people find jobs, build careers, and prepare for the future of work.
Generally, Africa’s workforce is projected to be the largest in the world in the coming decades, with hundreds of millions of people below the age of 25 starting to look for work. But, there are simply not enough quality jobs for this young and growing population. Nearly half of young people on the continent are unemployed; and in some countries, more than four out of five young people work in the informal sector, with fluctuating incomes and few if any benefits. While agriculture has long been the continent’s top sector, more and more of Africa’s population is moving to urban areas, where jobs in the formal sector are in short supply.
Therefore, the Future of Work Africa 2021 accelerator will support entrepreneurs building for-profit, market-based solutions across the education, employment, and benefits spectrum that can help young people in Sub-Saharan Africa better prepare for and manage the future of work.
To apply, your venture must address youth unemployment through the following;
- Innovations like upskilling/reskilling programs
- Credentialing programs
- New approaches to apprenticeship or employment matching
- Financial health for informal workers, and/or
Future of Work Africa 2021 will host two cohorts. Each cohort will have between 10 and 15 entrepreneurs. Although, whether the program will be in person or virtual, is not sure yet. But, a decision will be made as the workshop date approaches.
- Workshop 1: May 10 -14
- Workshop 2: June 7-11
- Workshop 1: May 24-28
- Workshop 2: June 21 -25
The deadline to apply for the Future of Work Africa 2021 Accelerator for both cohorts is January 22, 2021. Are you interested in this opportunity? Apply using this link; https://vc4a.com/village-capital/we-fi-africa/
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