2020 Catalyst Fund Inclusive Digital Commerce Accelerator Program for micro and small enterprises (MSEs) in Ghana - Scholarship for Africans
Catalyst Fund Inclusive Digital Commerce Accelerator Program
Application Deadline: November 4th 2020
The Catalyst Fund Inclusive Digital Commerce Accelerator is managed by BFA Global. It is supported by Mastercard Foundation, and executed in partnership with MEST in Ghana.
In Ghana, existing digital commerce solutions tend to exclude informal micro and small enterprises (MSEs), who have been hardest hit by the impact of the COVID-19 economic crisis. As a result, they are unable to leverage digital commerce opportunities to fuel their growth and secure their incomes. The Catalyst Fund Inclusive Digital Commerce Accelerator will scale innovative companies that can enable informal MSEs in Ghana to reap the benefits of digital commerce solutions, with a goal of spurring the development of the wider ecosystem.
Companies who meet the following criteria will be evaluated for selection
Preference for companies with current or proven desire to serve informal MSEs
Company has already raised a minimum of $100K from investors or is revenue positive, and serving at least 500 customers
Company has a product in market and is in the scaling stage
Company has 6-12 months of runway
BECOME A CATALYST FUND COMPANY
The accelerator will scale six digital commerce companies over the next two years.
Each company will receive flexible grant capital of up to US$120,000 + tailored venture acceleration support + connection to our growing global Circle of Investors (65+) and other ecosystem enablers.
Express interest in being considered for the program, and be included in our ecosystem database.