The key objective of the incubator program is to help Zambian women entrepreneurs or business owners who want to or are using digital technology to grow their business but lack the necessary support. The program is designed to provide targeted support in areas of business operations, digitisation and digital transformation, accounting and financial management. The outcome of the program is to support female-led entrepreneurial teams with training, mentorship and seed funding.
Successful applicants will begin their journey with a 3-month incubation program followed by a 6-month acceleration program for selected participants from the incubation program.
WORTH
- Business Incubation – Three (3) months of learning experience in business management and operations;
- Personalised mentorship for all participants and their business needs;
- Access to legal, accounting, financial planning and tech support;
- Access to networking opportunities with fellow successful applicants and industry experts;
- Funding Opportunities – $10,000 equity-free grant seed funding for the top five (5) finalists from the incubation programme to assist with the implementation of technology in their businesses;
- Six (6) months ongoing support from Standard Chartered, BongoHive and a network of coaches and mentors to assist with go-to-market strategies and scaling-up for the top five (5) finalists;
- An opportunity to join BongoHive’s supportive Alumni Network.
ELIGIBILITY
- The business owner must be a Zambian female founder or co-founder over 18 years of age and with an equal or majority stake;
- The business must be based and operating in Zambia;
- The business must already be using digital technology, or have a clear need to incorporate digital technology to enable their business to grow
- The business owner must be of Zambian nationality;
- The business must have been registered with PACRA for at least 3 months;
- The business owner may be seeking support for customer, product, and/or business model development;
- Key persons of the business (preferably 2 founders) must be available to undertake the 3-month incubation program from March to May 2022;
DEADLINE: January 16 2021
To apply and for more information visit here
