July 4th, 2018 marks a special day for the Malawian entrepreneurship ecosystem as it is the day the Grow Malawi Growth Accelerator Entrepreneurship Challenge kicked off!
With support from UNDP and the Royal Norwegian Embassy, Malawi’s first innovation hub, MHub, has partnered with GrowthAfrica, a leading African Accelerator and Accesserator, a Netherlands-based investment firm to implement this initiative to support innovative and impactful Malawian enterprises. Growth Accelerator Malawi is an initiative aimed at supporting emerging entrepreneurs with finance of up to USD 40,000 and technical assistance to scale up their ventures.
The event seen over 100 eager entrepreneurs in attendance who listened with keen interest to information dispensed by the MHub and GrowthAfrica team on eligibility requirements, selection criteria and how an entrepreneur in Malawi can apply for the Growth Accelerator Entrepreneurship Challenge.
Grow Malawi is targeting early stage Malawian entrepreneurs who have a registered business in Malawi with a prototype ready to scale up. Other requirements include having a market fit product that will satisfy the Malawian market.
Ian Lorenzen of GrowthAfrica also mentioned that the Grow Malawi program will involve monthly workshop sessions that will nurture and develop different aspects of business including Peer to Peer learning and practice in pitching.
The UNDP Country Representative Ms. Maria Jose Torres left entrepreneurs with words of encouragement “The potential is within Malawi. Entrepreneurs need to leverage this partnership.”
Applications are now open for the Growth Accelerator Entrepreneurship Challenge and can be accessed at www.growmalawi.com and updates can be accessed by visiting the social media platforms on Facebook: @GrwMalawi, Twitter: @GrowMw, Instragram: GrowMalawi and LinkedIn: Grow Malawi
First phase of the applications starts today July 4th and will close on September 2nd, 2018.