USAID is giving up to $1.5 million grant to African entrepreneurs. Here’s how to apply

USAID is giving up to $1.5 million grant to African entrepreneurs. Here’s how to apply

African entrepreneurs with innovative solutions to problems bedeviling Africa in the power and energy sector, can now apply to secure funding from the Scaling Off-Grid Grand Challenge for Development, an initiative backed by the U.S. Agency for International Development (USAID), Shell Foundation, and the U.K. Department for International Development (UKID). Application deadline is April 30,

African entrepreneurs with innovative solutions to problems bedeviling Africa in the power and energy sector, can now apply to secure funding from the Scaling Off-Grid Grand Challenge for Development, an initiative backed by the U.S. Agency for International Development (USAID), Shell Foundation, and the U.K. Department for International Development (UKID). Application deadline is April 30, 2017.

Under this scheme, the USAID is announcing a new funding opportunity designed to increase private-sector investment in the household solar market. USAID will support innovative technology solutions and business models across the household solar value chain in sub-Saharan Africa.  According to USAID, “up to $4 million in matching funds, with estimated grant awards ranging from $500,000 to $1,500,000 will be provided.”

Eligibility:

  • Enterprises should be early stage or early-growth stage, with an existing track record in one or more African markets.
  • Applicant should be operating in one or more markets across sub-Saharan Africa.
  • Applicants should be developing and scaling innovative solutions that will have broad reach across the sub-Saharan household solar market with the potential for high market impact. Note: Companies distributing pico-solar products such as lanterns are not eligible under this announcement.
  • Applicants must demonstrate a financial commitment from a private investor (equity or debt) that is at least twice the funding requested from USAID. For example, under an award, if an investor commits $1 million in funding, USAID could award $500,000. Preference will be given to higher ratios of demonstrated investor commitment to proposed USAID funding.

Proceed here for more information on application.

Some of the previous beneficiaries in pictures:

scali

scaScaligman

 

 

2 comments
Oladipo Oladepo
CONTRIBUTOR
PROFILE

Posts Carousel

Leave a Comment

Your email address will not be published. Required fields are marked with *

2 Comments

Latest Posts

Top Authors

Most Commented

Featured Videos