Who can apply?
- Applicants must be a start-up or established business seeking to expand or introduce new goods or services.
- Must be legally registered in the Sub-Saharan African country of implementation.
- Businesses that are not yet legally registered may also participate in the competition provided they are able to become legally incorporated before advancing to the final round of the competition.
- Must include a minimum of 25 percent ownership by the proposing U.S. based diaspora member.
How many grants will be awarded?
Between 10 - 20 winning businesses will be awarded matching grants of between $50,000 and $100,000 each.
ADM is a business plan competition designed to support the entrepreneurial spirit and resources of the U.S. based African diaspora community to promote economic development in Sub-Saharan Africa by facilitating diaspora direct investment (DDI) in viable small and medium enterprises(SMEs).
To learn more about how to qualify and when to apply for a grant, visit www.advance-africa.com/ADM-Business-Plan-Competition.html
