Are you an African diaspora entrepreneur who runs a successful business? Are you looking to expand in Africa? Specifically, in Nigeria, Rwanda, Sierra Leone or Zimbabwe? Join our “Diaspora Enterprise Accelerator” competition, for a chance to win £30, 000 to expand your business on the continent!
About the AFFORD Diaspora Enterprise Accelerator
AFFORD’s “Diaspora Enterprise Accelerator” will award grants of up to £30, 000 to 20 UK-based African diaspora social enterprises to invest in four target countries and create at least 10 sustainable jobs.
The target countries are:
- Sierra Leone
Who should apply for the Diaspora Enterprise Accelerator?
You should apply for the Diaspora Enterprise Accelerator if your organisation is:
This means your organisation must have a majority of trustees who define themselves as being of African heritage, who live in the UK and (irrespective of citizenship) retain emotional, financial and cultural links with their country and/or the African continent.
Active or planning to be active in one or more target countries
Be planning to invest the accumulative grant and match funding into a business that is active in one of four eligible countries: Nigeria, Rwanda, Sierra Leone or Zimbabwe. Your organisation must be legally compliant in the country. Your organisation must also be respectively compliant with legal registration requirements in that country.
A registered UK company
Be one of the following: a UK registered charity; company limited by guarantee (not for profit); non-profit co-operative, community benefit society; Community Interest Company (CIC); Charitable Incorporated Organisation (CIO) or Scottish Charitable Incorporated Organisation and in sound financial health.
Operate in one or more of these thematic areas of interest:
- WASH (Water, sanitation and Hygiene)
- Social enterprise
- Retail and hospitality sector
Focused on sustainability
Your organisation demonstrates a strong commitment to income generation, financial sustainability and innovation. You should also demonstrate the ability to build partnerships, utilise technology and harness tools such as social media for success.