Grants and funding

The Youth Adaptation Solutions (YouthADAPT Challenge) 2022 for young African Entrepreneurs (USD$ 100,000 Business Grant)

APPLY FOR THE YOUTHADAPT 2022 CHALLENGE FOR YOUNG AFRICAN ENTREPRENEURS (100 000USD BUSINESS GRANT))

Target audience

The YouthADAPT Challenge targets Africa’s next generation of entrepreneurs and business leaders between the ages of 15 to 35. The competition is open to participants from all countries in Africa.

Application Deadline: 4th October 2022

Overview

The African Youth Adaptation Solutions Challenge (YouthADAPT Challenge) is an annual competition and awards program for youth-led enterprises (50% women-led) jointly organized by the Global Center on Adaptation, the African Development Bank and Climate Investment Funds (CIF) as part of the Africa Adaptation Acceleration Program YouthADAPT flagship pillar. The challenge seeks to boost sustainable job creation through support for entrepreneurship and youth-led innovation in climate change adaptation and resilience across Africa. The competition invites young entrepreneurs and Micro, Small, and Medium-sized Enterprises in Africa to submit innovative solutions and business ideas that can drive climate change adaptation and resilience.

The 2022/2023 cycle of the Challenge will support 20 winners, 50% women with an emphasis on digital solutions to climate change adaptation and resilience building across sectors including agriculture, infrastructure, waste management, and environment, among others.

Benefits to the Winners

The YouthADAPT Challenge winners will be part of a 1-year accelerator program, which will provide the following:

  • $100,000 grant funding
  • Capacity Building Training
  • Mentorship and Coaching

The accelerator program will equip youth-led enterprises to scale up their innovative businesses and build resilience among marginalized communities in Africa.

Target group

The YouthADAPT Challenge targets Africa’s next generation of entrepreneurs and business leaders between the ages of 15 to 35. The competition is open to participants from all countries in Africa.

How to participate in the (YouthADAPT Challenge) competition

Youth entrepreneurs should complete the online application.

Apply now

Additional requirements to participate

  • Be an entrepreneur between 15 and 35 years old operating in Africa
  • Lead an enterprise delivering climate adaptation or resilience solutions that address real-life challenges
  • Youth-led enterprises must be registered and must operate in Africa
  • The enterprise must have been operational for at least two years, and generated income for at least two years
  • Women-owned and women-led enterprises will make up 50% of selected enterprises

The African Youth Adaptation Solutions Challenge is implemented in two phases as follows:

Phase 1: Pre-Accelerator

  • Call for applications: An Africa-wide call for target participants to submit their applications.
  • Application Evaluation and Winner Selection: A thorough, multi-faceted evaluation process, including evaluations by a jury of experienced business and climate adaptation experts.

Phase 2: Accelerator Program

  • Gap Analysis: Examine the status of the selected enterprises with the intention of identifying challenges and critical areas for potential intervention.
  • Business Development Services: Provide business management, technical skills, and competencies to enhance the scalability of the enterprises. This includes market development and business training for these adaptation-focused entrepreneurs.
  • Mentoring: Sustainably improve and support the businesses to grow and expand with the support of mentors who are experienced entrepreneurs across various sectors.
  • Grant disbursement: Disburse the $100,000 grant to support their short-term growth and link them to potential investors for longer-term growth

Africa Adaptation Acceleration Program

The Global Center on Adaptation and the African Development Bank Group are jointly implementing a strategic partnership, the Africa Adaptation Acceleration Program (AAAP), aimed at mobilizing USD 25 billion to scale up and accelerate climate change adaptation actions across Africa. One of the four flagships under this program is the YouthADAPT pillar: Empowering Youth for Entrepreneurship and Job Creation in Climate Adaptation and Resilience.

The overall objective of the YouthADAPT pillar is to prepare a new generation of African youth for the transition towards green and climate-resilient development, as well as to combat poverty and improve the quality of life for youth in Africa. The flagship pillar aims to promote innovation and inclusive growth for youth in climate-resilient jobs by developing skills and knowledge on adaptation, building the entrepreneurial capacity of African youth, and facilitating access to funding and mentorship to youth-led and women-led businesses in the adaptation space.

APPLY NOW

To receive more opportunities:

Join our WhatsApp group and Telegram group.

Visit our social media pages:

https://www.linkedin.com/company/opportunities-and-careers/

https://www.facebook.com/Opportunitiesandcareersinfo

https://www.instagram.com/opportunitiesandcareers/

ALSO CHECK : 2022 REGIONAL CALL FOR INNOVATIONS IN WATER AND ENERGY FOR FOOD: Access financial support of up to USD $200,000 per innovation. APPLY NOW!

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