Fri. Oct 22nd, 2021

Disclaimer

I’m not an agent or related to this entity. The data supplied beneath is impartial as primarily based on my analysis and expertise. While I’ve taken steps to make sure the accuracy of the knowledge offered right here, there may be no assure that it’ll stay correct.

Primary info

Fund’s goal shopper: “Late start-ups”.

Sector focus: Monetary providers notably these utilizing rising know-how for instance cellular cash and “branchless” banking, social media and cloud computing.

Quantities supplied: $100,000 – $300,000

Funding kind: Enterprise capital (Means, somewhat than offering a mortgage, the fund takes a % of shares within the goal firm, may do convertible debt that may be a mortgage that may be become shares.)

Key standards:

  • Revolutionary fashions from firms which are creating sport altering applied sciences and disruptive enterprise fashions that can present monetary providers to folks on the base of the pyramid(BOP); and
  • Needn’t have important income however ought to be publish analysis and improvement, full time group in place and ideally a pilot/prototype out there.

Additional info:

Search on-line for the fund info or contact the East Africa contact: nkhaki@accion.org

Who’s behind the fund?

Accion is a non-public nonprofit group that may be a pioneer in micro-finance. It was based in 1961.

What’s the software course of like?

The fund was not too long ago launched in April 2012 and so there is no such thing as a clear info accessible however the expectation of the method is:

1. Ship an preliminary electronic mail to Nicky Khaki the East Africa contact.

2. submission of an govt abstract to spotlight the chance and the financing want.

three. Submission of detailed plan, due diligence and a website go to to make sure the group is in place.

What are my view/ideas for achievement in accessing the capital?

1. Impress:The enterprise lab is an “experimental undertaking” and so is looking for the “Subsequent massive factor”. I imagine that the marketing strategy/govt abstract you submit ought to present how you’re embracing new/rising know-how to resolve Uganda’s issues. It shouldn’t be conservative however ought to steadiness the futuristic view with the sensible points.

2. Market analysis. Because the group is eager for know-how that has been examined and a mannequin beginning to work out there, it’s worthwhile to reveal proof of testing within the Ugandan market.

three. Scalability.Contemplating the work Accion does worldwide within the discipline of micro-finance, an excellent mannequin might want to present that it may be replicated, cheaply, ideally in different rising economies and for the good thing about the “poorest of the poor” the main target of numerous micro-finance.

While I present the above ideas, you need to be conscious that some primary key info applies to all functions. This contains points just like the plan together with an govt abstract, containing no errors, being in a simple to learn format and the like.

In any other case, better of luck.

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