RevUp Women Initiative by AfriLabs

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RevUp Women Initiative by AfriLabs is an enterprise development programme for early-stage women-led businesses in Africa. It is designed to accelerate these businesses into profitable & sustainable ventures that can stimulate the creation of jobs on the continent. The RevUp Women initiative aims to foster gender equality and inclusive economic growth through enterprise development training, mentorship, peer-to-peer learning and providing access to finance. This cohort is funded by The Visa Foundation.

AfriLabs is calling on women-led businesses across select locations in Africa to apply for this cohort of the initiative. In this cohort, 500 businesses will go through a rigorous training and mentoring session and ten (10), one (1) in each pilot city will be selected to be funded by the programme. Each of the selected businesses will be funded with a matching grant of 10,000 dollars, following the criteria and model of the Catalytic Africa fund.

Eligibility Criteria for RevUp Women Initiative

The applications are open to early-stage women-led businesses across Africa. These businesses must meet the following criteria before applying;

At least 51 per cent owned by a woman
Be led by a woman
Be located in any of these cities in Africa

Nigeria – Lagos, Abuja

South Africa – Johannesburg, Cape Town

Cameroon – Douala, Yaounde

Kenya – Nairobi, Kisumu

Democratic Republic of Congo- Kinshasa, Lubumbashi

Have an already existing service or product
Have evidence of sales of existing services or product
Have an existing business model
Registered and incorporated in the country of operation
Be operational for at least 6 months
Be able to dedicate 8 weeks to an intense hybrid training and mentoring session

Note: Evidence of sales would be requested during the due diligence phase

Benefits

Access to high-quality female mentors Across Africa
10 business owners will be selected to be funded with 10,000 dollars following the Catalytic Africa guidelines
Access to additional funding opportunities for participants and a network of funders across Africa
Access to the AfriLabs network