Substitute Sources of Finance for Uganda Accion Venture Lab

10 Oct

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Disclaimer

I am not an agent or connected to this entity. The data supplied beneath is independent as based on my study and encounter. Whilst I have taken actions to make certain the accuracy of the details presented here, there can be no guarantee that it will stay accurate.

Simple data

Fund’s target client: “Late commence-ups”.

Sector concentrate: Monetary services specifically those making use of emerging engineering for example mobile funds and “branchless” banking, social media and cloud computing.

Amounts provided: $one hundred,000 – $300,000

Funding type: Venture capital (Indicates, rather than providing a loan, the fund requires a % of shares in the target business, may possibly also do convertible debt that is a loan that can be turned into shares.)

Essential criteria:

Progressive models from companies that are producing game modifying technologies and disruptive business models that will supply monetary solutions to individuals at the base of the pyramid(BOP) and
Need not have substantial income but must be post investigation and development, complete time group in location and ideally a pilot/prototype in the market.

Additional information:
Search on the web for the fund data or contact the East Africa get in touch with:

Who is behind the fund?

Accion is a private nonprofit organization that is a pioneer in micro-finance. It was founded in 1961.

What is the application procedure like?

The fund was recently launched in April 2012 and so there is no clear data available but the expectation of the approach is:

1. Send an initial e mail to Nicky Khaki the East Africa contact.

2. submission of an executive summary to highlight the chance and the financing want.

3. Submission of comprehensive strategy, due diligence and a internet site pay a visit to to make sure the group is in place.

What are my view/guidelines for achievement in accessing the capital?

1. Impress:The venture lab is an “experimental project” and so is searching for the “Next big issue”. I think that the company plan/executive summary you submit ought to show how you are embracing new/emerging engineering to resolve Uganda’s issues. It must not be conservative but need to balance the futuristic view with the practical factors.

2. Market research. As the team is keen for engineering that has been tested and a model starting to operate in the marketplace, you require to demonstrate evidence of testing in the Ugandan industry.

3. Scalability.Contemplating the function Accion does worldwide in the field of micro-finance, a very good model will want to show that it can be replicated, cheaply, ideally in other emerging economies and for the benefit of the “poorest of the poor” the focus of a lot of micro-finance.

Whilst I supply the above tips, you ought to be conscious that some basic crucial info applies to all applications. This incorporates elements like the plan such as an executive summary, containing no errors, getting in an simple to read format and the like.

Otherwise, best of luck.

4 Responses to “Substitute Sources of Finance for Uganda Accion Venture Lab”

  1. Omer March 9, 2013 at 9:36 pm #

    If I try to get venture capital to start a small business. What percentage will I have to pay on average?

  2. Felipa April 7, 2013 at 4:31 pm #

    How do venture capital firms raise their money?

  3. Maryanne June 6, 2013 at 7:48 am #

    Working on family entertainment / pizza restaurant. I need venture capital. Can anyone recommend any good websites , venture capital companies to contact? Thanks!

  4. Elvis September 3, 2013 at 11:53 pm #

    How to find venture capital for a software startup? I want to send my business plan to venture capital firms. Any advice?

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