The program aims to increase access to funding, market opportunities, knowledge enhancement, and technical training for women entrepreneurs in Africa. The program will be implemented by SAFEEM, a member of the Seedstars Group.
The Women Entrepreneurship for Africa (WE4A) project is an action jointly supported by the European Union (EU), the Organisation of African, Caribbean and Pacific States (OACPS) and the German Federal Ministry for Economic Cooperation and Development (BMZ), with implementation from the Tony Elumelu Foundation (TEF) and the German Development agency GIZ (E4D program).
Running the growth and acceleration programs of WE4A is the Swiss Association for Entrepreneurship in Emerging Markets (SAFEEM).
The core objective is to support 100 women-led enterprises in Sub-Saharan Africa, to flourish and contribute to employment creation in their communities through:
- enhanced business capacities,
- access to formal financial services,
- and integration into local and regional value chains.
Additional grant funding up to €50.000 in conjunction with a Growth Program (for an additional 3 months) will be provided to 15 enterprises selected by an expert panel as having the most high-growth potential.
Benefits for startup participants
- Access to investment readiness trainings presented by topic experts
- Personalized support by an entrepreneur in residence that will provide hands-on support in the growth of each startup
- 1on1 Mentorship
- Local ecosystem integration & network connections
- Demo Day with international investors
- Grant funding of €10.000 and up to €50.000 for the 15 selected high-growth startups
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