25 Best Business Grants For African Entrepreneurs & Startups : Steps By Steps Guide How To Apply
Business Grant in a simplified term means Money. Grants are non-repayable funds or products distributed or gifted by one party (grant makers), often a government department, corporation, foundation or trust, to a recipient, often (but not in all ways) a non-profit entity, educational institution, business or an individual.
The Business grants and funding opportunities for African Entrepreneurs listed here are offered to individuals, firms/company, business or corporations to enable them cover scale up or develop their business, pay workers salaries, and run ads.
You can get business grants including SME grants as African entrepreneurs to promote your business without paying back, unlike loan that you do have to pay and possible pay with interest.
If you can stand the competition of most grants offered to African entrepreneurs with simple registration and some documentations, you are sure on the path to acquire business grants as an entrepreneur in Africa.
But, the trending challenges faced by many individuals applying for SME grants are incomplete registration, grants are very competitive, inability to provide necessary documents. You are sure to face this because the grants are offered free. And sometimes startups don’t get selected by governments and organizations offering the business grants.
Because sometimes the ideas submitted was not strongly announced to the business grant providers or the business has no physical locations, returns and plans.
You will say nothing comes easy right? even yet many still get it rightly, and you too can get any of the business grants as entrepreneurs and startups.
What Grants Are Available To Start Business?
Finding a business grant to start your business does not just come by checking search engine. You will be able to find grants for your small business by visiting specific websites and organizations, such as these listed below.
Here Are List of 25 Best Business Grants Available To African Entrepreneurs and Startups
These Business grants for African Entrepreneurs are offered to individuals, firms/company, business or corporations to start and/or scale up or pay workers salaries. Among the 20 Business Grants for African Entrepreneurs and Startups listed below you will find good funding opportunities for Africans. Click Any for complete overview information and application process.
Business Grants For African Entrepreneurs
3.Tony Elumelu Entrepreneurship Grant
1. SeedStars World
SeedStars World is one of the business grants offered to entrepreneurs from Africa. Seedstars Africa is an organization active offering SME grants in over 53 countries in the world, especially regions like Africa, Asia, Middle East and South America.
To access business grants from Seedstars, you will need to apply for the annually offered Business grant competition, a competitive grants for young business owners and emerging markets.
These business grants for entrepreneurs from Africa help to identify promising business owners, organizations and companies in the very need of capital.
Basically support Entrepreneurs who have a business in any African country
To build and support online businesses in Africa.
To fund web and mobile tech startups in Africa.
From June to November each year, the Seedstars team looks for the most promising early-stage startups from 90+ emerging markets that will receive intensive training on how to be investment-ready. They will take part in local, regional, and global stage competitions, but only one of them will be crowned as the Global Winner and receive a prize of up to USD 500,000 in equity investment.
Who will it be this year?
To Apply, Visit Their Official Website HERE
2. Shared Interest
This business grants for Africans is lending support to basically young entrepreneurs in Africa. Shared Interest was established in 1990 with the aim of financing artisans, farmers and food producers in developing countries as lending society founded situated in England.
Shard Interest has a very large investment and satellite offices in major African countries like Ghana, Kenya, Costa Rica, Peru and some Eastern Africa countries. Having members investing about $1,000 from over 9,000 investors has help provide a shared capital to support entrepreneurs in Africa with grants.
To support Entrepreneurs in Africa from developing countries.
Provided SME grants to make finance available to business owners such as food producers, farmers, artisans.
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