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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.
Programme Breakdown
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.
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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.
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Selection Criteria
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
- 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
- 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.
Deadline: Friday, 24th September, 2021.
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DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.