Calling Africa’s most promising social entrepreneurs to apply for the 2019 Sankalp Africa Awards. Read more about what’s in store for the winners of this coveted Award & apply below!
WHO CAN APPLY?
We are looking for enterprises that:
– Have a clear for-profit business model with high potential for scale
– Are in the sectors of Agriculture, Financial services, Healthcare,Clean Energy, and livelihoods (Education, Water, and Sanitation)
– Have already conducted some proof of concept or have a beta versiosn of their products running on the ground, and are preferably generating revenues
– The solution should be clearly catering to rural, low-income, disadvantaged communities or people living at the Bottom of the Pyramid (BoP)
– Have an experienced and dedicated promoter team.
– Are looking for funding in the range of USD 100K – USD 1mn
WHAT WILL THE WINNERS GET?
– One-on-one Investment readiness preparation
– Pitching in front of seasonal investors and the I3N network members(investors)
– Match making to potential investors
– Networking with pioneers and transformers in the business field in East Africa
– Networking with other entrepreneurs
– Hand-holding through the fundraising process
– Two free tickets to Sankalp
AWARDS PROCESS
– Internal application review and 1st round shortlisting
– Deep dive calls with shortlisted enterprises by the I3N team
– 2nd round shortlisting after deep dive calls
– Communication to successful enterprises after 2nd round shortlisting
– Presentation to a group of select investors- Qualification to be a Sankalp semi-finalist
– Investment readiness support based on the needs identified by the investors and collateral preparation
– Sankalp registration
– Investor Pitching: I3N showcase- closed door event (Morning of 20th February, 2019)
- Interested investors express interest to invest in your business- feedback is collated and send to entrepreneurs
– Sankalp Awards Pitching: Sankalp finalist grand Jury (Afternoon of 20th February, 2019)
- Selection to be a Sankalp winner and announcement is done the next day
– Sankalp Awards – Top 5 are selected to have a one-on-one quick chat with Jeff Koinange on the main stage during the main plenary session on 21st February 2019
– Sankalp Awards- The top 3 are given the Sankalp prestigious awards on 21st February 2019
Post Sankalp Investment Facilitation*:
– Working on feedback and I3N investment facilitation continues with the interested investors
– Upon successful deal closure, I3N takes a success fee as a percentage of the amount facilitated
Contact
Website : www.intellecap.com
