AfDB Fashionomics Africa Online Incubator and Accelerator Program for African Fashion Entrepreneurs
Suitably qualified African Fashion Entrepreneurs who are at least 18 years of age and can provide an identification document like a passport, national ID card or voters card issued in an African country, and resident in an African country are invited to submit application for the AfDB Fashionomics Africa Online Incubator and Accelerator Program that gives selected applicants the chance to receive a grant worth 20,000 USD.
The AfDB Fashionomics Africa Online Incubator and Accelerator Program is an 8 weeks programme available in English, French, Arabic and Portuguese that seeks for African Fashion, Textile, Apparel and Accessories entrepreneurs and businesses to apply and benefit from the 20,000 USD grant which aims to build sustainable business models and access financing opportunities. The curriculum and content of the programs will be focused on improving the marketability of early stage (incubator) and growth-oriented start-ups (accelerator) to financiers through an emphasis on strengthening business and financial models, investment readiness, branding, marketing, digitization, sustainability and circular economy actions applied to the industry, and outlining preparations for the capital raising process through detailed coursework on entrepreneurial finance.
The Fashionomics Africa is an initiative of the African Development Bank that aims at increasing Africa’s participation in the global textile, apparel, and accessories value chains with the objective to support the growth of micro-small and medium-sized enterprises that dominate the fashion industry, equipping them with the necessary business skills, financial support, access to markets, market intelligence, and financing opportunities to grow their businesses in an increasingly digitalized economy.
Eligibility for the AfDB Fashionomics Africa Online Incubator and Accelerator Program for African Fashion Entrepreneurs:
- Applicants must provide an identification document like a passport, national ID card or voters card issued in an African country.
- Applicants must be at least 18 years of age.
- Priority will be given to youth between the ages of 18 to 35 and women-led fashion businesses.
- Applicants must be fashion entrepreneurs operating in the fashion industry.
Benefits of the AfDB Fashionomics Africa Online Incubator and Accelerator Program for African Fashion Entrepreneurs:
Selected business ideas will win a grant of 20,000 USD which will be used to grow their businesses.
Application Deadline: October 23, 2022.