Overview

Donor: ygap
Application procedure: Online Application
Donor base: Australia
Reference number: -
Eligible applicants: Social Business
Deadline: 31.05.2022

Financial details

Grant size: Small - up to $100,000
Minimum grant size: -
Total available budget: -
Funding type: Grants, Other
Maximum grant size: -
Funding ratio: up to 100%

Sectors

  • Economic Development
  • Environment & Natural Resources
  • Research, Technology & Innovation

Project Locations

  1. Africa

      South Africa

Description

1) Objective

The ygap South Africa Accelerator Program helps ventures to refine and validate their business model, move towards financial sustainability, and grow the impact that they are having in their community. Ventures that complete the ygap South Africa Accelerator Program expand their ability to increase revenue, create employment opportunities, secure further investment, and make a real difference in the communities they operate within.

The ventures we select begin by attending a live-in capacity building bootcamp where their business models are strengthened, they meet cohort of like-minded entrepreneurs, and they are equipped with the tools they need to grow. After the bootcamp and after conducting a needs-assessment, our team of local experts provide ongoing accountability and business development sessions, strategic and operations coaching, masterclasses and webinars, access to catalytic grants, on-site business development sessions, and brokered linkages to mentors, customers, advisors, and other players within the entrepreneurial ecosystem.

2) Eligibility

The ygap Accelerator Program works firmly at the validate stage of the entrepreneurship value chain and supports ventures with the following eligibility: (1) Must have already launched and be currently operational. In most cases, participating ventures must be formally registered and proof of this status will be required (unless this is not applicable to where your business runs); (2) Must be post-revenue and able to provide evidence of commercial transactions; (3) Must have an element to their business that is unique. It could be a unique product or service offering, a unique production method, or a unique business model; (4) Must have a social or environmental focus. Through the operation of the business, ventures must be working toward making their community, their city, or their country a better place. To validate the positive impact that the venture is making, we align to the United Nations Sustainable Development Goals (SDGs).

3) Location

Actions must take place in South Africa.

4) Budget

Participants will gain access to professionals (designers, lawyers, coaches, etc.) and have the opportunity to apply for small grants.

5) Application

All applications must be submitted 31 May 2022. All application details and templates can be downloaded from the given website. Applications must be submitted via the online application portal.

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