Grow Your Business

  • Co-Financing of up to USD 40,000
  • Technical Assistance
  • Mentorship

The Growth Accelerator Entrepreneurship Challenge Round 2 Is Here!

Are you an innovative entrepreneur? Do you have a business that is creating impact? Are you driven to see your business grow to new heights? Are you passionate about learning how to attain meaningful growth?

The Growth Accelerator Entrepreneurship Challenge is happy to announce that applications for round 2 open on Monday July 1st, 2019 and will close on 18th August 2019.

Eligibility Criteria

  • Must be registered in Malawi with a business license readily available for verification.
  • Must be a post revenue company.
  • Should have a product or service on the market.
  • Are open to collaboration/partnership.
  • Demonstrate capacity and dedication to scale the business and demonstrate sound financial performance/practices.
  • Are founded and/or managed by entrepreneurs who are keen on involving youth and women in the business either as staff of the company; consumers and/or people impacted along the value chain.
  • Deliver products or services that aim to create positive social impact directly for low-income consumers and/or the wider community to improve their basic needs.
  • Have the appetite for blended finance to scale the business i.e. are willing and able to absorb matching commercial capital investment or finance with own resources (e.g. personal savings, etc).
  • Have the founder(s) fulltime involved in the business or plan to be fulltime in the next 6 months.

How Does it Work?

The selected entrepreneurs will enter into a co-financing agreement between UNDP and their selected co-financing partner whereby the latter matches with 30% cash of any financing amount that the programme provides. The programme has provided participants with four (4) potential partners to provide co-financing: Kweza Equity Partners, National Bank of Malawi (NBM), Accesserator and Ecobank Malawi – all of which have various products on offer.

Testimonials

What The 2018 Cohort say?

Apex
The value of the workshops for me was that everything was practical. I learned from all the workshops and directly implemented all of the lessons into the Apex Medical Laboratories. I learned how to run a better business by adding my unique selling point and finding my niche market.
Kundai Moyo
Apex Medical Laboratories
When you want the funding you can overcommit and get excited about fancy figures. Remember to be practical and be realistic about business growth estimates.
Jean Pankuku
Tehilah Bakery and Value Addition Center
Kombeza
I would recommend the Growth Accelerator Programme to any serious entrepreneur who wants to expand their business.
Mdingase Chirwa
Kombeza Foods

Growth Accelerator Blog

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 …
Growth Accelerator Malawi applications are now open! Watch the video below to see the eligibility requirements.

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