Pioneering accelerator SPRING is calling on companies in Kenya, Rwanda or Uganda dealing with products or services that benefit the lives of girls to apply for its programme that will see them get grants of upto USD $80,000 along with financial planning, mentorships and peer-to-peer collaboration.
The main goal is to improve the lives of girls in poverty by scaling businesses with girl-focused offerings and applications are now open with the deadline slated for March 16.
“ Businesses should currently offer or have the potential to offer products and services that help girls keep safe, learn, earn, and save without harm and be ready to scale,” said Patricia Jumi of Spring.
The program offers grant funding and financial planning, mentorships and peer-to-peer collaboration to help your business grow, starting with the most essential thing—funding. Up to 18 SPRING businesses will have access to variable grant funding of an average of USD $80,000 per business to support growth and scale.
The five-year program kicks off in the above named countries and 18 businesses will be selected.
To qualify, applicants must display their companies’ financial sustainability and market relevance, articulate a business strategy that will actively engage and positively impact adolescent girls aged 10-19 and showcase a team of founders, senior management, and support staff qualified to implement the business strategy.
SPRING is sponsored by The UK’s Department for International Development (DFID), the Nike Foundation, and the United States Agency for International Development (USAID).