The Graca Machel Trust has joined UNFPA, the United Nations Population Fund and Nailab to see more women join the second round of the IAM Accelerator 2.0. and invest in them.
According to Nomsa Daniels, CEO of the Graca Machel Trust; “The Graca Machel Trust is delighted to team-up with UNFPA Kenya and the Nailab in making IAM 2.0 a ground-breaking success. Too many women entrepreneurs lack access to the necessary financing and support structures to let them thrive. This not only holds them back, but also the families and communities they are part of, and countries as a whole”
The 4 month acceleration programme gives startups seed-funding, training, coaching, and mentoring to fine-tune their innovations, bring it to market, and find the right business models to sustain and facilitate their growth.
The first IAM round which was launched in June 2016 lacked female lead start-ups and the diminished role of female participation in the start-ups and the development of innovations was evident.
Building on the successes of the first IAM Accelerator round and drawing from this important learning, the Graca Machel Trust initiative New Faces New Voices will join UNFPA and Nailab to empower women entrepreneurs for advancing the health and well-being of adolescent and young people in Kenya through IAM 2.0 funding.
“I am pleased to see Graca Machel Trust join the initiative and it’s my believe as we all join forces that we shall see greater impact as we address SRH challenges,” said Sam Gichuru, Founder and CEO Nailab.