Category Archives: business funding

THE GSMA INNOVATION FUND FOR HUMANITARIAN CHALLENGES

Application Deadline: Monday, 12 February 2024 at 23:59 UTC.

LOCATION: England

As global humanitarian needs continue to rise, there is an increasing demand to respond with innovative, impactful and scalable solutions powered by mobile and digital technology. On 11 December, the GSMA opened the GSMA Innovation Fund for Humanitarian Challenges. The Fund will provide grants as well as additional non-financial and technical support to projects that leverage mobile and digital technology to pilot and scale solutions that address humanitarian challenges in low- and middle-income countries.

ELIGIBILITY:

The Fund is open to applications from for-profit small and growing enterprises (commercially viable start-ups, small and medium enterprises, and social enterprises with up to 250 employees).

Be a small and growing enterprise.

Deliver humanitarian solutions to low-income and vulnerable populations in countries that are eligible to receive official development assistance

Leverage digital technology, especially mobile, to deliver solutions described in sections 1 and 2

Be an existing entity registered and operating in the country of project implementation (whether domestic or foreign-owned or a joint venture). In cases where responsibility for service delivery lies with a downstream partner (see section 4 for more details), rather than the applicant, for example, service delivery by a local organisation, it may be acceptable for the applicant to be registered in a country other than that of project implementation (see geographic specific restrictions in section 5).

Be fully compliant with relevant business licensing, taxation, employee, and other regulations in all applicable countries of grant project operation.

Be registered and have a bank account in the country where they will receive the grant money (if not the same as the project implementation country). This account must be capable of receiving GBP payments as all disbursements will be in GBP.

 Commit to providing 25% to 50% match funding depending on the total grant amount requested (see section 9). — Only one organisation can apply for funding and become a grantee.

Have active users and commercial revenue (users and revenue from any products or services offered by the organisation) in at least one eligible country (see section 5).

BENEFIT:

Successful projects will receive a grant of between £100,000 and £250,000 to scale their innovation over a 15 to 18 month period.

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DEJI ALLI ARM YOUNG TALENT AWARD (DAAYTA) 

Application Deadline:  Tuesday, 16th January, 2024.

LOCATION:  Nigeria

The Deji Alli ARM Young Talent Award (DAAYTA) in partnership with TechnoVision (TVC) is excited to announce the commencement of its 2024 Call for Applications, continuing its mission to empower and support young entrepreneurs with innovative ideas that drive positive change. Established in 2015 by ARM in honor of its founding CEO, Deji Alli, DAAYTA reflects the firm’s dedication to Corporate Social Responsibility (CSR) and nurturing young entrepreneurs.

ELIGIBILITY:

be a citizen of Nigeria

be between 18 and 35 years of age

submit their application which must be their original work

must be a limited liability company duly registered in Nigeria

must be running the start-up full-time with undivided attention

have an MVP (minimum viable product) i.e. you have customers

be able to fund his/her/team travel expenses and other associated costs if required

be available (with co-founders/team where they exist) for the 2-day Pitch Workshop and Final Pitch Event scheduled for April 2024

understand the business of ARM, what we stand for; and

be ready to represent ARM as an Ambassador

BENEFIT:

The winner of DAAYTA 2024 shall, subject to the Terms & Conditions, receive funding of ₦12,000,000(twelve million naira) over one (1) year for the following purposes:

Contribution to working capital.

Participation in an entrepreneurial education program at the Pan Atlantic University’s Enterprise Development Centre in
Lagos, Nigeria.

5-month acceleration support services for the development of their venture by TVC Labs.

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