Loans & Grants

United Nations Economic Commission for Africa (UNECA) Grant for Businesses, Ideas & Startups/ Apply Now

— 31 August 2021 add comment

The United Nations Economic Commission for Africa B.I.S (Business. Idea. Startup) Grant awards $25,000 to Africans with innovative ideas, brilliant startups and growing businesses.

JOIN US FOR MORE ON:
or
or Follow us on WhatsApp Channel

Programme Breakdown

UNECA Grant for Businesses, Ideas & Startups

Whether it’s just an idea or an established business, our programme is structured to assist you access funds.

  • Target Audience: Citizens from 54 member countries of the African Union.
  • Grant Prize: 5,000 participants would be selected to receive a grant of $25,000 in cash and $10,000 in training.
  • Eligibility: Participants must be between the ages of 16 – 65 and should have a valid national means of identification.
SEE ALSO: Medium Writers Challenge | $50,000 Grand Prize, $10,000 each for 4 finalists, $100 each for 100 honorable mentions

Process

Programme Structure

B.I.S Grant aims to empower Africans to thrive in a daunting economy by equipping them with financing, training and mentorship.

The process to acquire our grant is categorized into three stages.

  • Application Stage: Firstly, applicants shall apply via the online form below. Within 4-5 working days, an applicant should receive positive or negative feedback from the assessment team.
  • Interview Stage: Applicants who receive positive feedbacks shall have a virtual interview with a United Nations assessment representative. Within 48-72 hours, the interview result should be disclosed.
  • Verification Stage: Finalist shall go through a process of thorough verification before any disbursement can be initiated.
SEE ALSO: Young Sustainable Impact Momentum Programme for Entrepreneurs

Selection Criteria

What We’re Looking Out For

Criteria used in evaluating applications and awarding grants include:

  • Financials: How our grant funds would really contribute to the growth of your idea, startup or business.
  • Integrity: Your application should be filled with accurate information as we often verify applicant claims.
  • Team: Explain why you or your team (if any) is best equipped to execute your idea, startup or business.
  • Broader Impact: During the interview, share how our grant funds would impact your society at large.

Eligibility

Must-Have Requirements
  • Age: Applicant must be above the age of 16 years and below 65 years.
  • Citizenship: Applicant must be a bona fide citizen of an African country.
  • Education: Applicant must have at least completed secondary or high school education.
  • Conferencing Tool: Applicant must have a close-by device to initiate a video conferencing call.

How to Apply

Application Process
  • Activities concerning B.I.S. should be submitted online through the application portal
  • Choose between ‘Inceptor’ and ‘Custodian’. An inceptor describes a person who has an idea, concept or plan but is yet to execute it into business. A custodian describes a person who manages an existing startup or business.
  • Fill the form accurately and expect a feedback within 4-5 working days.
  • Participants with positive feedback should make adequate preparations for an online interview.

Click Here To Apply

Deadline:  Friday, 24th September, 2021.

Please share!



Share on:        

Leave a Reply