Connect with us

News

GreenWorks Program to Fund 30 Founders Promoting Green Economy in North Africa

GreenWorks program

The financial marketing firm, Impact Partner in partnership with Flat6Labs, a MENA startup accelerator program, team up to launch GreenWorks program. This is a program to kickstart in Tunisia, which is supporting startups operating in the green economy sector in North Africa.

The GreenWorks program is designed to support entrepreneurs who are focusing largely on sustainable development and the green economy and are helping them build resilience. GreenWorks will continue for the next two years and we should expect the launch of similar programs.

The joint effort will be supporting and funding young promoters of green economy, with its ambition being backing 30 entrepreneurs who work in the Green sector in North Africa and their projects immediately create jobs.

Hivos and IFC with this program seek to support and develop the green economy sector in Tunisia by partnering with institutions and organizations to build capacities of young entrepreneurs by setting up training programs and offering support necessary for the development of their projects.

GreenWorks program

According to Ahmed Sameh, the GreenWorks Program Director at Hivos,

“As leader of the GreenWorks 13 Member Alliance, we are delighted to have the opportunity to work closely with Impact Partner and Flat6Labs and others. Financial and technical partners in Tunisia and North Africa to be able to support young companies and associations in the green and digital economy sector,”

For the MD of Impact Partner, Zeineb Fakhfakh, who says, with the uncertainty caused by the health crisis testing several economic sectors, Impact Partner, in partnership with Flat6Labs, and enjoying support of IFC and Hivos, surely is banking on Tunisian entrepreneurs to build a greener economy, to be more resilient and prosperous.

SEE ALSO |  Codetrain to Train 1000 App Developers to Meet Increasing Market Demand

GreenWork, as it has been described is a great opportunity to access a support program without equity participation and with donations of 30 KDT. There is also the potential to apply for a larger investment with Impact Partner, Flat6Labs or with other partner investors.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

nine − 1 =

News

9 Startups Accepted into the First Next Health Accelerator with $15K Seed Funding

Next Health Accelerator
image courtesy: Valorigo

Intrepid Entrepreneurs, a non-profit designed to catalyze the power and promise of young people and women to fundamentally advance their societies, recruited nine startups for the inaugural cohort of the Next Health Accelerator.

Female, African entrepreneurs with a minimum viable product (MVP) from 26 countries applied to the program. After a rigorous review process, nine startups from seven countries were selected to begin the program in March 2021. The investor readiness accelerator is six months long and includes $15,000 seed funding, international mentors and partners, business support services, and value chain access.

The Next Health Accelerator’s focus on sexual and reproductive health is founded on the premise that unmet needs for sexual education, menstrual hygiene management, family planning, medication abortion, and STI diagnosis and treatment will be most sustainably delivered by local African enterprises.

Sexual and Reproductive Health issues directly affect 300 million women and girls on the continent and the productivity of the entire continent. For the continent to prosper and support its burgeoning youth population, it must harness the demographic dividend with access to equitable healthcare and economic opportunities. Next Health Accelerator addresses both.

Next Health Accelerator

The 2021 cohort includes:

  • Rocket Health: Provides telemedicine and pharmacy services for SRH needs including convenient lab test retrieval and medication delivery in Uganda
  • Verifie: Delivers STI self-tests and treatment products via doorstep delivery in Ghana
  • Pharmaserve: Specializes in delivering high-quality pharmaceuticals in Nigeria through a fully integrated inventory monitoring system
  • Girls Pride: Provides menstrual hygiene management education and skills training to create reusable pads in The Gambia
  • Pad-Up Creations: Employs over 100 people in Nigeria to produce single-use, chemical-free pads sold in 16 countries
  • Valorigo: Manufacturers single-use sanitary eco-friendly pads made from locally grown bamboo in the Congo
  • The Grace Cup: Delivers SRH education and reusable menstrual cups in Kenya
  • Kosmotive: Provides SRH information and access to SRH self-care products in Rwanda
  • Massira: Delivers SRH information interactively as well as access to SRH services and products through an online community in Ghana 
SEE ALSO |  TradeTech: Ovamba & Singularity Partner to Deliver Financial Inclusion and Capital to SMEs in Egypt

Lindsey Simmonds, the Co-founder of Intrepid Entrepreneurs in a press statement said,

“After 15 years in philanthropy, I believe now more than ever that it is women who will solve women’s health challenges and it is Africans who will solve Africa’s development challenges.”

She continued that, development policies made in Washington, D.C. or London need to make room for the power and promise of the youth and women on the African continent. And on this premises, their Next Health Accelerator catalyzes African startups to investor readiness to make scalable, sustainable impact imbued with the commitment and determination that only comes from homegrown ideas.

Visit the intrepidentrepreneurs.org to learn more about the Next Health Accelerator 2021.

Continue Reading

Got News for us?

Submit Press Release/News: Have you recently launched your startup, raised funding or any news about your company? Email us at editor@thespiritedhub.com. We will be happy to share your story with the world!

order now

happening in Africa