The Africa Women Innovation and Entrepreneurship Forum has invited women entrepreneurs in South Africa to apply for the fourth cohort of the AWIEF growth accelerator.
Access to finance is the most cited challenge to the growth of women-owned businesses in Africa. Bankability and investment readiness are major impediments to attracting business finance.
The AWIEF Growth Accelerator is designed to support the unique needs of early-stage and high growth-oriented women-led ventures with business modelling, growth strategy training, corporate advisory, mentorship, networks, and access to strategic partnerships.
The accelerator provides capital-raising support for growth, scale and sustainability. It builds women’s entrepreneurial leadership capacity, connects them with appropriate sources of capital and helps them scale.
Since 2017, more than 100 early-growth-stage women founders have gone through the accelerator programme. For the 2021 cohort, 20 female entrepreneurs will be selected from sectors including technology, agribusiness, financial services, manufacturing, health, education, tourism & hospitality, creative industries, and renewable energy.
AWIEF Growth Accelerator offers three two-day boot camps with master class sessions covering all scaling fundamentals, one-on-one tailored mentorship and leadership coaching and access to investors, opportunities with Nedbank and active VCs, impact and angel investors looking to invest in African women-led ventures.
The accelerator will also have a demo day dubbed “Pitch n GrowÔ” to be held at the 7th annual AWIEF Conference and Awards (AWIEF2021) scheduled to take place on 2nd and 3rd December 2021.
To be eligible, businesses must be:
- South African Exempt Micro Enterprises (EMEs) or Qualifying Small Enterprises (QSEs); at least 50% female black-owned.
- In a post-revenue phase.
- Scalable and innovative ventures.
- In operation for not less than three years.
- Owned or led by ambitious and committed women entrepreneurs.
- Seeking investment or funding to scale.
Interested entrepreneurs can apply here before the 10th of June 2021.