Business Idea Startup (B.I.S) Grant 2021

 

Deadline: December 17, 2021

Applications are open for the Business Idea Startup (B.I.S) Grant 2021. Are you an African with innovative ideas, brilliant startups and growing businesses, the United Nations Economic Commission for Africa wants you to apply for this opportunity.

The goal of the grant is to help Africans scale despite the state of the economy. The programme, which is divided into three stages including the application stage, the interview stage and the verification stage, seeks to empower these Africans financially, providing training and mentorship for them.

In brief, the Business Idea Startup Grant aims to empower Africans to thrive in a daunting economy by equipping them with financing, training and mentorship.

However, the process to acquire our grant is categorised into three stages.

  • Application Stage: Firstly, applicants shall apply via the online form below. Within 24-48 hours, an applicant should receive a positive or negative feedback from the assessment team.
  • Interview Stage: Secondly, applicants who receive positive feedbacks shall have a virtual interview with a United Nations assessment representative. Within 24-48 hours, the interview result should be disclosed.
  • Verification Stage: Lastly, before any disbursement can be initiated, finalist must be ready to go through a process of thorough verification.

Benefits

  • 5,000 participants would be selected to receives a grant of $25,000 in cash.
  • Additionally, participants will also receives $10,000 in training.

Eligibility

In order to be eligible to apply for the grant, applicants must pay attention to the following details:

  • Age: Applicants must be above the age of 16 years and below 65 years.
  • Citizenship: Applicant’s must be a bona fide citizen of an African country.
  • Education: Applicant’s must have completed secondary or high school education.
  • Conferencing Tool: To initiate a video conferencing call applicants must have a closed by device.

Selection Criteria

In the selection stage, the programme examines how these business enthusiasts envision the impact of the grant funds in the growth of their idea or business.

The criteria below will used in evaluating the grant applications:

  • Financials: The applicants should show how the grant funds will really contribute to the growth of their idea, startup or business.
  • Integrity: The application should contains accurate information as we often verify applicant claims.
  • Team: They should explain why you or your team (if any) is best equipped to execute your idea, startup or business.
  • Broader Impact: Finally, applicants should share how the grant funds would impact their society at large during the interview.

Application

In conclusion, participants who are eligible should have a valid national means of identification.

Click here to apply

For more information visit: United Nations Africa

 

 

 

 

Lily Bandotubo

Lily Doure Bandotubo is the CEO and publisher at Information Day Online. An online publicist, author, entrepreneur and a mentor.

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