AfDB Fashionomics Africa Online Incubator and Accelerator Program ($20k Grant)

AfDB Fashionomics Africa Online Incubator and Accelerator Program ($20k Grant)

The African Development Bank’s Fashionomics Africa Call for Proposals is seeking for African Fashion, Textile, Apparel and Accessories entrepreneurs and businesses to apply and benefit from the Fashionomics Africa Online Incubator and Accelerator programs.

The programs’ duration will be 8-weeks each and the content will be available in English, French, Arabic and Portuguese.

Fashionomics Africa is an initiative of the African Development Bank that aims at increasing Africa’s participation in the global textile, apparel, and accessories value chains. The objective is to support the growth of micro-small and medium-sized enterprises that dominate this industry, equipping them with the necessary business skills, financial acumen, access to markets, market intelligence, and financing opportunities to scale up their businesses in an increasingly digitalized economy.

You may also want to read MTN Global Graduate Development Programme 2023 For Young African Graduates

Requirements for AfDB Fashionomics Africa Online Incubator and Accelerator Program

• The competition is open to participants who can provide an identification document like a passport, national ID card or voters card issued in an African country, and/or domiciled in African countries.
• Applicants should be 18 years of age and above. Priority will be given to youth (18-35) and women-led fashion businesses.
• Any fashion micro, small and medium-sized enterprises (MSMEs) or fashion entrepreneurs operating in the fashion ecosystem, including but not limited to fashion designing and dressmaking, accessories design and making, textile design, fashion illustration, fashion photography, technology-enabled fashion businesses, and service providers whose main sector of focus is fashion, are welcome to apply.

Selection Criteria

• Fashion business entities under three (3) years, either registered or not registered.
• Fashion business has at least deployed a proof of concept, at the micro, small or medium level.
• The application provides a clear and detailed description of the fashion business.

Benefits

• Through a competitive process, the most promising fashion entrepreneurs will be invited to pitch their business ideas at the online Fashionomics Africa Pitching Days Competitions, resulting in 12 finalists each from the incubator and accelerator programs that will win a challenge grant of 20,000 USD each to scale up their operations.

You may also want to read N500K CBN Grant Application Form 2022/2023 – FG Grant

Timeline

1. Call for application: 14th October – 23rd October 2022

2. Selection and onboarding: 24th October – 28th October 2022

3. Online incubator and accelerator programs: 31rd October – 20th December 2022

4. Shortlist of 12 fashion entrepreneurs: 21st December 2022

5. Pitching day: 26th January 2023

6. Award ceremony: 31st January 2023

Application Deadline

October 23rd, 2022

For More Information

Visit the Official Webpage of the AfDB Fashionomics Africa Online Incubator and Accelerator Program