Africa Enterprise Challenge Fund, Research into Business Competition

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AECF

AECF

Going around the internet i came a cross this new funding competition. Apparently The Africa Enterprise Challenge Fund (AECF) will provide grants of upto US$1.5 million to private sector companies to support agribusiness ideas in Africa.? It is specifically about business innovation based on Agricultural research.? If your company has a great business idea in this field, then you have a chance to compete for the fund.

According to AECF website the following are how the Challenge Fund different

  • It focuses exclusively on supporting the private sector
  • It is able to support cross-border, regional and pan-continental projects, as well as national ones.
  • It leverages private sector and donor money to help fund successful projects and enterprises
  • It is structured and governed along private sector principles with strong and sustained business engagement to ensure a flexible, responsive, results-orientated approach that the private sector can understand
  • It is focused on funding practical projects that are both commercially viable and will have a broad developmental impact on the rural poor
  • It is based in, and run from, Africa.
  • It provides an open and transparent “competition” for donor funds

Apply at http://www.aecfafrica.org/ or [email protected] . The closing date for the applications is 17th May 2010

What is your opinion on the topic?
Kennedy Kachwanya
Lead Blogger at Kachwanya.com
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Kennedy Kachwanya is a technology blogger interested in mobile phones both smart and dumb, mobile apps, mobile money, social media, startups ecosystem and digital Savannah. New media must not forget the strength of old tech.
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