Village Capital, with support from the Argidius Foundation, is inviting applications for the Uganda Ecosystem Builders in 2020
In recent years, Uganda has oft-been cited as the most entrepreneurial country in the world. While granted some of this entrepreneurship isn’t categorized as tech-enabled or high-growth, there are still countless ventures across the country building scalable solutions in a variety of sectors such as fintech and agriculture. As a result, intermediaries are meeting the challenge of supporting these entrepreneurs. In fact, the number of tech hubs in Uganda has grown by 25% since 2016.
Intermediaries in Uganda play a critical role in creating an entrepreneurship community, building ecosystem networks, and helping early-stage entrepreneurs through programs, mentoring, and investor connections. That being said, entrepreneurs want to see more sector-specific advice, more support for later-stage entrepreneurs, and more diversity of offerings. On the other hand, investors want more investable companies, more success stories, more ecosystem integration, and more preparation for scale beyond Kampala and Uganda.
While there are many intermediaries in Uganda, the good news is that there are plenty of entrepreneurs and budding entrepreneurs to keep them busy. But how can these organizations work together more effectively to support the ecosystem as a whole? How can they best support entrepreneurs while filling their own gaps in financial sustainability and human capital?
Worth of Award
- This project aims to improve the quality of intermediaries in Uganda, and thus the quality of support that SMEs and startups receive, through the following:
- A full business diagnostic specifically designed to assess intermediaries relative to industry standards
- Support developing a performance plan of milestones across critical business areas towards improved strategy, operations, and business sustainability
- The opportunity to pitch this performance plan for grant funding from both the program and other development partners
- Best practice sessions within critical business areas: team, problem and vision, value proposition, services and programs, pipeline and selection, ecosystem, operations, financial sustainability, and impact.
- Advice from experienced mentors
- To be eligible, organizations must be focused on supporting enterprises addressing countrywide problems such as financial inclusion, agriculture, healthcare, environmental sustainability, and livelihoods.
- This program is best suited to entrepreneur support organisations and business development service providers supporting small and medium enterprises and/or startups.
Intermediaries MUST fall into one of the following categories:
- Accelerator or incubator of early-stage companies
- Seed stage or early-stage venture capital firm
- Association or network of entrepreneurs
- Makerspace or fablab
- SME business advisory firm
- University incubator
- Think tank
Applicants must have operations in Uganda. Applicants can have operations in other countries however preference will be given to those solely operating in Uganda.
How to Apply
- Just fill out the form online
Deadline: Deadline is October 5, 2020.