This is to inform the public about The Village Capital Innovation for Ecosystem Restoration Africa 2023 Accelerator Program. Details about the Program are given below.
About The Village Capital Innovation for Ecosystem Restoration Africa 2023 Accelerator Program
The Innovation for Ecosystem Restoration Africa 2023, supported by Moody’s Corporation, is an accelerator program that will support entrepreneurs promoting ecosystem restoration by addressing deforestation, land degradation, water scarcity, loss of biodiversity, and adverse climate change, which have emerged as some of the most pressing challenges facing sub-Saharan Africa.
Program Details
Despite sub-Saharan Africa being home to some of the world’s most biologically diverse ecosystems, ecosystem degradation remains to be a significant environmental problem in the region owing to natural and human-induced disturbances.
Deforestation, land degradation, water scarcity, loss of biodiversity, and adverse climate change have emerged as some of the most pressing challenges facing the region which have a far-reaching impact on ecological, economic, and social systems.
Approximately 3.94 million hectares of forests are lost annually in sub-Saharan Africa due to population growth, agricultural expansion, infrastructure development, and illegal logging, while desertification affects around 45% of Africa’s land area.
Over 65% of the land in Africa is affected by degradation impacting 40% of the population and 80% of agricultural land affected by depletion of soil nutrients. Startups help play a role in alleviating ecosystem degradation challenges given that they employ nearly 45% of the population and generate nearly 33% of GDP in developing countries.
The Village Capital Innovation for Ecosystem Restoration Africa 2023 Accelerator Program Benefit
Training and Continued Learning
Access to live and asynchronous sessions tailored to a virtual learning environment to help their companies identify early milestones and prepare for their next round of capital (if relevant) or big expansion.
Networking
Startups will connect with a diverse and inclusive network of mentors, founders, and investors.
Mentorship
Ability to meet with and receive mentorship from prominent investors, potential strategic partners and customers, and other founders.
Advice
Startups will participate in a virtual investor forum and mock board meetings with representatives from financial institutions, corporates, experienced entrepreneurs, and investors that can help their company scale.
Financial Analysis
Access to an investment analyst who will coach you one on one on building a financial model, identifying unit economics, and using financial metrics to drive both the business and investor diligence.
Exposure
Get featured on Village Capital’s program website and other collateral.
The Village Capital Innovation for Ecosystem Restoration Africa 2023 Accelerator Program Eligibility
We are looking for (for-profit) startups building locally viable ecosystem restoration solutions. Eligibility requirements include:
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Must be a for-profit entity and have legal incorporation and operations in at least one sub-Saharan African country.
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Have a market-based solution that tackles ecosystem restoration challenges in sub-Saharan Africa.
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Have at least a minimum viable product (MVP), some traction under their belt, and raised less than $1M in equity.
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Have meaningful customer or business validation (not limited to revenue, it can also be successful pilot studies, number of users, and/or strategic partnerships).
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Have at least one full-time founder based in sub-Saharan Africa.
How to Apply
Village Capital, with the support of Moody’s Foundation, will support 10-12 impact-driven startups building locally viable ecosystem restoration solutions in Africa.
The Innovation for Ecosystem Restoration program will address some of the most pressing and complex challenges facing ecosystem restoration entrepreneurs in sub-Saharan Africa. Our goal is to deliver an accelerator for entrepreneurs championing ecosystem restoration throughout sub-Saharan Africa.
Application Deadline
- The deadline for receipt of applications is 25 April 2023.
The applications for the Village Capital Innovation for Ecosystem Restoration Africa must be submitted 25 April 2023. Open this link for more details about the Village Capital Innovation for Ecosystem Restoration Africa 2023.
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