AfriLabs/Visa RevUp Women Initiative 2023 | APPLY NOW

This informs the public about the AfriLabs/Visa RevUp Women Initiative 2023 for early-stage women-led businesses in Africa. Details about the Program are given below.

RevUp Women Initiative 2023

About RevUp Women Initiative 2023

RevUp Women Initiative is an enterprise development program for early-stage women-led businesses in Africa. It is designed to accelerate these businesses into profitable & sustainable ventures that can stimulate the creation of jobs on the continent.

The initiative aims to foster gender equality and inclusive economic growth through enterprise development training, mentorship, peer-to-peer learning and providing access to finance. This cohort is funded by The Visa Foundation.

Program Details

AfriLabs is calling on women-led businesses across select locations in Africa to apply for this cohort of the initiative. In this cohort, 500 businesses will go through a rigorous training and mentoring session and ten (10), one(1) in each pilot city will be selected to be funded by the program.

Each of the selected businesses will be funded with a matching grant of 10,000 dollars, following the criteria and model of the Catalytic Africa fund.

Eligibility

The applications are open to early-stage women-led businesses across Africa. These businesses must meet the following criteria before applying;

  • At least 51 per cent owned by a woman
  • Be led by a woman
  • Be located in any of these cities in Africa
    • Nigeria –  Lagos, Abuja
    • South Africa –  Johannesburg, Cape Town
    • Cameroon – Douala, Yaounde
    • Kenya –  Nairobi, Kisumu
    • Democratic Republic of Congo-  Kinshasa, Lubumbashi
  • Have an already existing service or product
  • Have evidence of sales of existing services or product
  • Have an existing business model
  • Registered and incorporated in the country of operation
  • Be operational for at least 6 months
  • Be able to dedicate 8 weeks to an intense hybrid training and mentoring session

Benefits

  • Access to high-quality female mentors Across Africa
  • 10 business owners will be selected to be funded with 10,000 dollars following the Catalytic Africa guidelines
  • Access to additional funding opportunities for participants and a network of funders across Africa
  • Access to the AfriLabs network

RevUp Women Initiative 2023 Application

For those interested in RevUp Women Initiative 2023. Open this link to start the application process.

Application Deadline

  • The deadline for receipt of applications is 14 July 2023.

Open this link for more details about the RevUp Women Initiative 2023.

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