Deadline: March 4, 2024
Applications for the Growth4Her Investor Readiness Accelerator Program 2024 are now open. G4Her seeks to bridge the gender financing gap in Africa by providing women entrepreneurs with the capacity and tools which enables them to transition from small to high potential fundable growth stage businesses. Cohort 3 is open for applications from women in Nigeria and Cameroon and those selected for the cohort will be contacted.
Evidence from an IMF study, with data collected from 47 African countries, indicated that women are more likely to self-select out of the credit market due to low perceived creditworthiness. Bridging the gender financing gap, especially for WSMEs’ is not solely about availability or affordability but more so about WSMEs’ willingness and capabilities to access financing opportunities. Understanding these challenges, the Growth4Her Accelerator provides women entrepreneurs with the capacity and tools which enables them to transition from small to high potential fundable growth stage businesses.
Eligibility
- Open to women entrepreneurs in West and Central Africa;
- ≥ 51% owned by a woman or
- ≥ 20% owned by a woman and have ≥ one woman as CEO/COO (President/Vice President);
- Have ≥ 30% of the board of directors comprised of women, where a board exists;
- Between 5 and 300 employees;
- Sales between US$35,000 and US$15 million;
- Assets between US$100,000 and US$15 million;
- Can dedicate 1 week to an intense virtual/ physical Bootcamp;
- Can dedicate 3 hours for mentorship engagement for a period of 8 weeks;
- Must be a C-Level executive in the organization.
Application
For more information, visit Growth4Her.
