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Disclaimer
I’m not an agent or linked to this entity. The data offered beneath is unbiased as based mostly on my analysis and expertise. While I’ve taken steps to make sure the accuracy of the knowledge introduced right here, there could be no assure that it’s going to stay correct.
Fundamental data
Fund’s goal shopper: “Late start-ups”.
Sector focus: Monetary companies notably these utilizing rising know-how for instance cell cash and “branchless” banking, social media and cloud computing.
Quantities offered: $100,000 – $300,000
Funding sort: Enterprise capital (Means, reasonably than offering a mortgage, the fund takes a % of shares within the goal firm, may additionally do convertible debt that may be a mortgage that may be changed into shares.)
Key standards:
- Progressive fashions from corporations which might be creating recreation altering applied sciences and disruptive enterprise fashions that can present monetary companies to folks on the base of the pyramid(BOP); and
- Needn’t have important income however ought to be submit analysis and improvement, full time workforce in place and ideally a pilot/prototype out there.
Additional data:
Search on-line for the fund data or contact the East Africa contact: nkhaki@accion.org
Who’s behind the fund?
Accion is a personal nonprofit group that may be a pioneer in micro-finance. It was based in 1961.
What’s the utility course of like?
The fund was just lately launched in April 2012 and so there isn’t any clear data out there however the expectation of the method is:
1. Ship an preliminary e mail to Nicky Khaki the East Africa contact.
2. submission of an government abstract to spotlight the chance and the financing want.
3. Submission of detailed plan, due diligence and a website go to to make sure the workforce is in place.
What are my view/suggestions for achievement in accessing the capital?
1. Impress:The enterprise lab is an “experimental venture” and so is looking for the “Subsequent massive factor”. I imagine that the marketing strategy/government abstract you submit ought to present how you might be embracing new/rising know-how to resolve Uganda’s issues. It shouldn’t be conservative however ought to stability the futuristic view with the sensible features.
2. Market analysis. Because the workforce is eager for know-how that has been examined and a mannequin beginning to work out there, it’s essential display proof of testing within the Ugandan market.
3. Scalability.Contemplating the work Accion does worldwide within the area of micro-finance, mannequin might want to present that it may be replicated, cheaply, ideally in different rising economies and for the good thing about the “poorest of the poor” the main focus of a whole lot of micro-finance.
While I present the above suggestions, you ought to be conscious that some fundamental key data applies to all functions. This contains features just like the plan together with an government abstract, containing no errors, being in a simple to learn format and the like.
In any other case, better of luck.
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Source by D E Wasake
