Alitheia IDF, a private equity fund that identifies and invests in SMEs led gender-diverse teams, is now accepting applications for the Nzinga Scale-Up Boot Camp for small and medium scale business operators seeking for up to $3million funding and technical capacity to scale.
Applications is opened for eligible operators with growth-stage businesses operating in Ghana, Lesotho, Nigeria, South Africa, Zambia or Zimbabwe and significant participation of women as entrepreneurs, processors, distributors and consumers.
Also, interested companies must have a sound performance track record of at least two years and must be a consistent revenue generating business.
“We are very excited about this initiative because it provides us with the opportunity to positively impact women by not only providing access to capital, but through the boot camp, we are also enhancing their capacity to properly absorb institutional capital for scale and expansion,” Tokunboh Ishmael, principal partner, Alitheia IDF said in a statement.
The boot camp is open to applications from all sectors, but is particularly interested in agribusiness, consumer goods, health, education, and financial services.
It involves a six-week series online and in-person collaborative workshops that will address critical success factors including financial structuring, corporate governance, leadership and management, route-to-market and growth strategy, and fundraising that position businesses to better attract and readily utilize institutional equity investment needed for expansion, the statement states.
Submitted applications will be screened and applicants will be invited for interview. Following the interviews, qualified applicants will be invited to join the Nzinga Scale-Up Boot Camp, and candidates who successfully complete the Boot Camp may receive up to $3 million in funding investments.
With offices in Johannesburg and Lagos, Alitheia IDF is the only private equity fund manager in Africa with a proactive gender smart strategy to fund female founders and co-founders with innovative and scalable businesses in attractive industries and markets.
Josephine Okojie
