Yunus Social Business recently launched in Uganda to accelerate businesses. The launch also builds on Yunus Social Business’s global experience in other countries, including Albania, Bangladesh, Brazil, Columbia, Haiti, India and Tunisia.
The company is accepting applications from entrepreneurs in Uganda of any sector if they can demonstrate a strong social impact and financial self sustainability. The Funding will focus in particular on supporting social entrepreneurs actively engaged in the following sectors considered to have high potential for generating impact:
- Agribusiness: Commercialization of agricultural products and promotion of value addition to agricultural products.
- Renewable energy and clean environment: Mini power generation plants, biogas, biomass, energy-saving devices for lighting, cooking or preservation, waste recycling, tertiary businesses associated with gas oil and gas.
- Education, human resource development and community libraries: Skills development and technology transfer institutes targeting the youth and other marginalized groups.
- Health and nutrition: Health, water, food and sanitation businesses.
For those who are willing to apply should be seeking to develop business and personal skills, build networks and create innovative business solutions to solve social challenges. Attending workshops tailored to your business’ needs e.g. developing one’s sales pitch, enhancing one’s leadership skills, sessions with inspiring entrepreneurs, experts in leadership and business acumen. The most promising social businesses will get the opportunity to pitch to the YSB Investment Committee and other potential funders during demo day and potentially receive funding ranging from USD 50,000 – USD 350,000.
Joining the Yunus/Grameen community which connects social entrepreneurs with a community of over 400 Social Businesses in the Yunus/ Grameen network around the world.
[signoff icon=”target”]ACCELERATOR TIMELINES 1. Opening of online applications: 1st April 2015 2. Closing of applications: 15th May 2015 3. Announcement of admitted candidates: 27th May 2015 4. Start of Accelerator: 15th h June 2015 5. Testing phase: July-Mid August 2015 6. End of Accelerator and Demo Day: 21st August 2015 HOW TO APPLY (CALL FOR APPLICATIONS CLOSING 15 MAY 2015) 1. The applications portal will be open from 1st of April 2015 to 15th of May 2015. 2. All intending applicants are requested to log on to www.yunussb.co.ug to access the online application platform and follow the prompts. [/signoff]