Application Deadline: June 30, 2020
SAIS is a project implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
Benefits
Selected start-ups will participate in a nine-month Investment Readiness Programme fully funded by GIZ-SAIS. The program includes:
• Weekly advisory and coaching sessions held virtually during which strategies and measures for rapid growth, product improvement, business and management operations, innovation and scaling are developed and implemented with the start-ups;
• Access to additional service providers to optimize certain segments of the start-up (e.g. legal, marketing, coding, etc.);
• Integration of the selected start-ups in one of our partner hubs in their home country in order to facilitate their visibility and contact with relevant actors in the local start-up scene;
• A virtual kick-off event to start the program, back to back with the SA Innovation Summit 2020, followed by a mid-term check-in early 2021;
• A demo-day with investors and business partners will conclude the program in July 2021. Depending on the COVID-19 situation over the course of 2020/21, the mid-term check and the demo-day will possibly have to be shifted into online events.
Throughout the duration of the program, the SAIS team will facilitate contacts and interactions with potential investors and business partners.
Eligibility
SAIS is looking for innovative start-ups that are about to scale rapidly and apply digital solutions to the agriculture and food sector which enable their users to improve their income. In addition, digital products or services that help mitigate the impact of COVID-19 are a plus and will be taken into special consideration.
Selection Criteria
Mandatory criteria
• Legal representation: The start-up must be registered and operating in at least one African country.
• Team
The start-up must have a team of at least two people.
The management team must be highly motivated and work at the business ideally full-time time.
• Digital product
The start-up needs to have a viable digital product with a clear positive impact on its users’ income.
The product must be aligned with one of the digital technologies listed below.
• Access to market and traction: The start-up must have launched its digital product at least six months ago and provide evidence of good traction as well as existing processes that need to be performed.
Competitive criteria
• Business model: The start-up should have an easily understandable and very convincing business model (clear problem statement, clear digital solution, clear customer segment and clear revenues stream).
• Customer data: The start-up should have access to customer data via its digital solution (number of customers and gender); if this is not the case, building customer databases will be one of the first development measures if the start-up is selected for the IRP.
• Level of innovation: Innovative and disruptive solutions will be regarded as an asset. Solutions that help mitigate the impact of Covid-19 will be taken into special consideration
Application
For more information, visit GIZ-SAIS Investment Readiness.
