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  The RevUp Women Initiative is designed to help early-stage women-led businesses with the training, access to finance, mentorship, and peer-to-peer learning they need to grow and become successful companies. Ultimately, the scheme seeks to close the gender gap in business and make women-led enterprises major employers of labour in Africa.
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The latest cohort of this initiative is funded by the Visa Foundation. AfriLabs calls on women entrepreneurs from across the continent to apply for a place in this program. It intends to select 500 entrepreneurs from the pool of applicants and take them through a rigorous training and mentorship regime. After this, a total of 10 businesswomen, one from each pilot city, will be chosen and given a $10,000 grant. In Nigeria, the pilot cities for this program are Lagos and Abuja.

Benefits

Businesses stand to gain from this program in the following ways:
  • Get access to top female expert mentors drawn from across Africa
  • Stand a chance of receiving a $10,000 grant, in line with Catalytic Africa guidelines
  • Gain access to funding opportunities from a network of funders
  • Connect with the AfriLabs network
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Eligibility

This program is open to businesses that meet the following criteria:
  • Should be at least 51% owned by a woman or women
  • Must be led by a woman
  • Located in Lagos or Abuja
  • Be registered with the appropriate authorities
  • Must have been in existence for at least 6 months
  • Should have an existing product or service, and evidence that the product or service is being sold (evidence of sales will be requested as part of the due diligence process)
  • Have an existing business model
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Applications will remain open until July 14, 2023. If you would like to apply for this opportunity, you can do so HERE Featured Image Source: Opportunities For Africans
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This article was first published on 12th July 2023

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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