The Seed Lab, a key initiative under the African Development Bank (AfDB)’s Agri-Food small and medium-sized enterprise (SME) Catalytic Financing Mechanism (ACFM), is now accepting applications.

This program, delivered through Open Capital’s Agri-SME Support Program, is designed to empower agri- small and medium-sized enterprises (SMEs) with the skills and knowledge needed for sustainable growth and impact.

The Seed Lab aims to support SMEs in the agribusiness sector by providing essential training in strategic planning, financial management, business operations, and leadership. Led by industry experts, the program is tailored to help businesses scale effectively and secure external funding.

 

Eligibility Criteria

 

To participate in the Seed Lab, your business must have meet the following criteria below;

Geographic Location

Based in Ghana, Kenya, Uganda, or Nigeria

Sector

Operates in agribusiness, including food system value chains and supporting ecosystem players (e.g., agricultural producers, input and equipment providers, processors, marketplaces, Ag-tech businesses, etc.)

Annual Revenues (2023)

Between US $100,000 and $500,000

Full-Time Employees

Between 5 and 50

Capital Raise Target

Between US $50,000 and $750,000

Gender and Climate Integration

Priority will be given to SMEs with gender-inclusive and climate-resilient practices

 

What the Seed Lab Offers

The Seed Lab provides a comprehensive, tailored curriculum designed specifically for agri-SMEs. The program covers critical aspects of business development, from refining your business model to scaling your operations and raising capital. Participants will gain valuable insights and practical skills to enhance their business performance and impact.

Application Deadline: August 5, 2024

Do not miss this opportunity to accelerate your business growth and impact.

 

Apply now @

https://docs.google.com/forms/d/e/1FAIpQLSekPUG4J5Ro5AuCiwET3vqCBmTT2uCTOjkdVFXKFz1UNd77Zw/viewform?pli=1