R&D Group and its partner MDF, in collaboration with the newly established Innovative Financing Lab (IFL) program by the United Nations Development Program (UNDP) and the National Bank of Ethiopia (NBE), have launched a new program aimed at assisting small and medium enterprises (SMEs) in Ethiopia.
The program aims to provide support to 100 growth-oriented SMEs through pre-investment and post-investment assistance.
R&D Group and MDF are currently accepting applications from innovative SMEs in Ethiopia to be among the first 70 companies to receive pre-investment support and become a part of the IFL ecosystem.
The pre-investment program, known as the Investment Readiness Accelerator, offers funding and support to SMEs to secure investment.
SMEs that have already secured funding and are in need of growth strategy support can expect to receive the post-investment application form next week. R&D Group encourages interested parties to keep an eye on their posts or contact them for more information.
Deadline for application is February 20th, 2023.
R&D Group, founded in 2010 and based in Addis Ababa, has a mission to help organizations improve their profitability and business performance by providing expert management, operations, and system support. The company has worked with a variety of clients in the last five years, including the Ethiopian Ministry of Agriculture, Heineken, BGI, Cordaid, ORTEC, and Coca-Cola.
The IFL program was created in October 2022 as a partnership between the NBE and UNDP to develop a range of services, products, and inclusive instruments that will unlock new financing opportunities for the rapidly growing MSME sector in Ethiopia.