Applications are presently being accepted for the MSME Africa Growth Factory Accelerator
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of economic growth in Nigeria and across Africa. Despite their immense potential, NMSMEs in Nigeria face critical challenges such as limited access to finance, poor power supply, insecurity, foreign exchange issues, and infrastructural deficits amidst other stringent government policies. According to the State of Entrepreneurship Report 2024, only 63% of female-led businesses reported growth, a notable decline from 74% in 2023. While only 67% of MSME owners expressed plans to expand their businesses in 2024, against 86% recorded in 2023, signaling significant room for intervention to support enterprise sustainability and growth.
Although government initiatives for MSMEs and startups have provided some relief, including different accelerator and incubation programs, their reach and impact remain limited. To address these gaps, MSME Africa launches the MSME Africa Growth Factory, a dynamic solution tailored to address these pressing challenges and equip MSMEs to thrive.
The MSME Africa Growth Factory is designed as an intensive six-week accelerator program offering hands-on learning, mentorship, and access to funding opportunities. This program is specifically tailored for early-stage to mid-level entrepreneurs, focusing on youth and women-led enterprises, equipping them to overcome systemic barriers and scale their business operations sustainably.
Applications are presently being accepted for the MSME Africa Growth Factory Accelerator.
The program is a flagship of MSME Africa tailored for early-stage to mid-level entrepreneurs, focusing on youth and women-led enterprises, equipping them to overcome systemic barriers and scale their business operations sustainably.
Eligibility
Your business must be registered and operational in Nigeria
You’re between 18 and 40 years old as at the time of this registration
Business in the early-stage to mid-level growth phase.
You/ your co-founder must be available to participate in the entire 8-week accelerator program.
You’re proficient in the English language, i.e, able to read and write fluently in the English language
Benefits
Program benefits include:
– Hands-on Learning Sessions
– Access to Funding Opportunities
– Coaching & Mentoring
– Access to a Unique Community
Deadline: February 28, 2025
Click HERE to Apply
