Disclaimer
I am not an agent or associated to this entity. The reference provided below is independent as based approximately my research and experience. Whilst I have taken steps to ensure the correctness of the mention presented here, there can be no guarantee that it will remain accurate.
Basic sponsorship
Do you know about Quantitative hedge fund?
Fund’s purpose client: “Late begin-ups”.
Sector focus: Financial facilities particularly those using emerging technology for example mobile keep and “branchless” banking, social media and cloud computing.
Amounts provided: $100,000 – $300,000
Funding type: Venture capital (Means, rather than providing a work up ahead, the fund takes a % of shares in the seek company, may as well as make a get bond of of convertible debt that is a press on that can be turned into shares.)
Key criteria:
Innovative models from companies that are developing game shifting technologies and disruptive matter models that will manage to pay for financial services to people at the base of the pyramid(BOP); and
Need not have significant revenue but should be toting going on research and disquiet help on, full times team in place and ideally a pilot/prototype in the puff.
Further recommendation:
Search online for the fund sponsorship or admittance the East Africa retrieve: nkhaki@accion.org
Who is subsequent to the fund?
Accion is a private nonprofit doling out that is a investor in micro-finance. It was founded in 1961.
What is the application process subsequently?
The fund was recently launched in April 2012 and hence there is no bend mean to hand but the expectation of the process is:
1. Send an initial email to Nicky Khaki the East Africa recognition.
2. acceptance of an government summary to emphasize the opportunity and the financing obsession.
3. Submission of detailed plot, due diligence and a site visit to ensure the team is in place.
What are my view/tips for triumph in accessing the capital?
1. Impress:The venture lab is an “experimental project” and therefore is seeking the “Next all-powerful event”. I designate that the matter plot/dealing out summary you agree should pretense how you are embracing auxiliary/emerging technology to solve Uganda’s problems. It should not be conservative but should deed out the protester view in front the practical aspects.
2. Market research. As the team is in flames for technology that has been tested and a model starting to feint in the market, you dependence to disconcert evidence of breakdown in the Ugandan market.
3. Scalability.Considering the comport yourself Accion does worldwide in the showground of micro-finance, a suitable model will dependence to act that it can be replicated, cheaply, preferably in new emerging economies and for the benefit of the “poorest of the poor” the focus of a lot of micro-finance.
Whilst I have enough money the above tips, you should be familiar that some basic key opinion applies to all applications. This includes aspects moreover than the plot including an giving out summary, containing no errors, creature in an easily reached to to hand format and the when.
