Impacc gGmbH, a German non-profit organisation that assists environmentally conscious African enterprises, has published a call for proposals for its third venture cohort of investing in creative entrepreneurs in Rwanda, Uganda, and Tanzania.
These entrepreneurs will receive a strategic equity investment to aid in the expansion of their businesses.
Impacc is a non-profit international organisation headquartered in Germany.
It portrays itself as a supplier of more sustainable development aid and uses donations and supports to build returns-generating investments in social entrepreneurs.
This helps to ensure that the development engine keeps running and can support itself in the long run.
Read also: Namibia Opens Online Passport, Employment Permit Application
Details on Impacc gGmbH’s Offer
The investment will range from $30,000 to $150,000 and will be directed towards six forward-thinking social firms that will be subjected to stringent due diligence for a period of six to twelve months. The Impacc programme provides financial assistance to early-stage, creative social enterprises with the goals of promoting the involvement of women, bettering the lives of those who live in rural areas, and finding solutions to problems that are prevalent in communities at the bottom of the pyramid.
Impacc CEO Till Wahnbaeck said, “Africa needs to create 25 million jobs per year to keep up with the growing population, and it’s the continent’s great entrepreneurs and startup founders who can achieve that. They have what it takes – ideas, courage, energy, and optimism. What they don’t have is access to patient capital and support to help them make their ideas big. That’s where Impacc comes in – we invest early in order to empower the next generation of stellar African entrepreneurs.”
About Impacc gGmbH’s Role
Impacc is a non-governmental organisation (NGO) that operates on a global scale and focuses on socially responsible business.
They find jobs in green startups and industries for those who make less than $2 per day because they believe this is the most effective method to alleviate poverty while also protecting the environment. To do this, they search for, provide assistance for, and cultivate creative business models, primarily in Africa, that involve the extremely impoverished not as beneficiaries but as business owners, producers, and consumers.
They combine assistance with the generation of revenue in areas where markets are unable to address fundamental human needs. They connect social investors with innovative social firms in order to assist the latter in growing and increasing their effect on society.
Donations have traditionally been used to kick off an aid project. Once the funds for the project have been depleted, the project comes to a close, and then a new project with fresh funding begins, typically in the same location.
Donations are invested by Impacc not only in locally run enterprises that are socially and environmentally responsible but also in businesses that produce returns not only for Impacc but for the entire community. They are the ones who start the engine of development, and it is their responsibility to make sure it stays running.
It is Impacc’s aim to provide assistance to social and sustainable businesses operating in vulnerable markets in order to facilitate the development of local companies that make use of local labour and consumer markets. After that, Impacc assists clients in scaling their validated ideas by expanding their geographic reach and maximising their overall positive impact.
To accomplish this, they form joint ventures with local business owners, provide counsel to the local business owners on how to scale the business model, and connect the local business owners with potential franchisees.
Applications for the third cohort are open until March 31. Apply here.