NSSF Hi-Innovator Women Accelerator Program 2023 for women-led businesses in Uganda | Get USD 20,000 grant funding
Applications are invited from women-led businesses in Uganda for the 2023 NSSF Hi-Innovator Women Accelerator Program. Interested businesses who match this description should submit their application form online now before the application closing date
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About NSSF Hi-Innovator Women Accelerator Program
The Hi-Innovator program is set out to support small and growing businesses within the Ugandan ecosystem over a 5-year period. The program looks to impact 132,000 youths attached to 20 hubs/ESOs across the country, with a direct intention of touching the lives of 92,400 women employers and employees in the five regions of Uganda.
To achieve this target, we are embarking on a women’s accelerator to give women entrepreneurs across all sectors an opportunity to improve their business skills and grow their businesses to be resilient while also making them more competitive and better placed to receive financial services. For this call, our target is to fund 100 women-owned or women-led businesses with each getting USD 20,000 in grant funding, technical assistance, market linkages, and support to raise follow-on financing.
Based on the unique needs, contexts, sectors, and size of the women-owned enterprises, the NSSF Hi-Innovator Women Accelerator has been designed to provide integrated personal agency training complementary to business technical skills training. This is focused on developing a growth-oriented mindset, empowering women with the skills needed to surmount social and psychological obstacles, and improving their personal agency and leadership which we expect to positively impact their confidence, motivation, and resilience.
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Benefits of the Program
During this program, selected businesses will get
- USD 20,000 grant funding and in turn provide a 6% equity stake ownership to NSSF
- Tailored technical support will be available to all businesses
- Mentorship and peer-peer learning opportunities
- Investor networking sessions, forward & backward market linkages
- Unlimited access to the learning content in the Business Academy
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Requirements for NSSF Hi-Innovator Women Accelerator Program 2023
Businesses that meet the following requirements can apply for this program;
- Fully registered with Uganda Registry Services Bureau (URSB), Uganda Revenue Authority (URA), and National Social Security Fund (NSSF). First-time registration before the application is acceptable
- The business should have been legally and actively operational in Uganda for at least two years.
- The business employs at least 2 full-time staff with at least 50% of the staff below 35 years of age.
- The business should be 50% female owned and or have 70% women in top management/leadership positions.
- The business should have made a minimum annual revenue of Uganda Shillings 10 million in the past year and has not raised more than Uganda Shilling 1 Billion in grants, convertible grants, debt, or private equity.
- Has evidence of 100% completion of the Hi-Innovator business academy course.
- Businesses in all sectors are eligible to participate.
- Willing to provide a 6% equity stake ownership to NSSF
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How to Apply
Interested and eligible business owners should submit their applications online by visiting the NSSF Hi-Innovator Women Accelerator Program portal here before the application closing date.
Program Timeline
- Foundation Course Deadline: 31st Jan 2023
- BootCamp: 6th – 19th Feb 2023
- Pitch day: 20th – 24th Feb 2023
- Due Diligence: 6th – 31st Mar 2023
Application Deadline
The deadline to register for this program is 31st January 2023.
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