The USAID Women Entrepreneurship Incubator Program (WEIP) is a transformative initiative aimed at supporting Women-Owned Small and Growing Businesses (WO-SGBs) across Kenya by providing resources, mentorship, and financial support to help entrepreneurs scale and succeed.
The program is seeking to recruit the best entrepreneurial minds, focusing on Women-Owned Small and Growing Businesses (WO-SGBs) as key drivers of innovation and economic growth operating in Kiambu, Nakuru & Nairobi.
WORTH
Access to Co-Investment Grants: Participants will have the opportunity to secure co-investment grants to scale their businesses, with a total of $1.25 million in co-investments available across the program
Access to Capacity Building: Participants will receive comprehensive training tailored to their business needs, focusing on areas such as financial management, business development, and strategic planning.
Business Advisory: Entrepreneurs will receive expert guidance on how to grow and sustain their businesses, addressing challenges specific to their sector.
Mentorship: Women entrepreneurs will be paired with experienced mentors who provide personalized coaching to help them navigate the complexities of scaling their businesses.
ELIGIBILITY
Management and Ownership Criteria
- Women must own 51% and above of the share capital.
- The business must be women-led, controlled, and managed.
- The business must be in one of these key sectors: agribusiness and agro-processing, textiles & apparel, healthcare, and water & sanitation.
Micro Enterprise
- Must have formal registration (at least a trading license).
- Operated for 1-2 years.
- Employ fewer than 10 people (with at least 1 permanent employee).
- Annual turnover: Below Ksh 1 million.
- Must have a valid Tax Compliance Certificate and a physical address or premise.
DEADLINE: February 6, 2024
To apply and for more information, visit here
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