The Athari Fund wants to invest in startups. And if you think you have a bright idea that’s good enough to attract some investment, you should consider applying to them for the chance to get your enterprise funded.
The Athari Fund was set up to help startups attain their full potential. Its initiators are described on the Fund’s site as “a group of young Africans in business who are interested in creating opportunities for entrepreneurs across the continent”. The goal, as explained on the site, is to build businesses that are able to achieve measurable social impact, while producing financial return. The Athari Fund will be investing in startups in its 2017 pilot scheme; it is inviting startups in the financial inclusion, agriculture, education, health and nutrition, and community development sectors to submit applications.
“Our expertise is primarily in investment management and social sector enterprises”, said Ayobami Olufadeji, co-founder of the Athari Fund, in an interview with Disrupt Africa. “Between the founding team and our advisers, we have extensive experience in impact investing, healthcare, education, risk assessment, venture capital, entrepreneurship, non-profits, agriculture, customer services and organizational management. We are a well-rounded team with a strong network”.
The Fund’s operators say they will be working with incubators and co-working spaces in Nigeria to ensure that the startups selected will enjoy the benefits of being in an incubator.
Enterprises interested in getting funding from Athari can begin the journey to receiving financial cover by filling the contact form on the fund’s website. This will be followed by an in-person pitch slated for January 2017. Investments are to be disbursed to successful applicants by June 2017.
There’s more information on the Athari Fund pilot 2017 for you. Click here to access it.