African social entrepreneurs are encouraged to apply for the FINCA Ventures Prize, a grant initiative offering up to US$70,000 for innovative solutions addressing global poverty. The application deadline is December 22, 2023 at midnight (GMT-5).
Organized by the non-profit microfinance organization FINCA International, with over 40 years of experience in poverty alleviation, FINCA Ventures focuses on impact investing in early-stage companies operating in agriculture, financial inclusion, health, and education across sub-Saharan Africa and Latin America.
The FINCA Ventures Prize welcomes applications from social entrepreneurs with ambitious visions, disruptive business models, or novel products/technologies poised to make a meaningful impact on the lives of poor and low-income individuals in developing markets.
The culmination of the prize will be an event in March 2024 in Washington DC, featuring in-person pitch presentations by finalists to a jury. The top winners in the categories of environment and health will be celebrated, and grant funding of up to US$70,000 will be awarded to finalists to further develop their social enterprises.
With support from our generous sponsor, we are excited to fund young entrepreneurs to solve pressing global health and environmental issues that we hear from FINCA customers every day.
Omer Imtiazuddin, Managing Director of FINCA Ventures.
Omer Imtiazuddin, Managing Director of FINCA Ventures, highlighted the challenges faced by early-stage social entrepreneurs in sub-Saharan Africa and expressed excitement about supporting these entrepreneurs in addressing global health and environmental issues. He stated, ‘With support from our generous sponsor, we are excited to fund young entrepreneurs to solve pressing global health and environmental issues that we hear from FINCA customers every day.’
Applications are open here.
