Press Release | Nov 3, 2021
COVID-19 has disrupted many businesses to date, most specifically small-scale businesses in townships. The situation was worsened by protest actions that took place in July 2021 particularly in Kwa Zulu-Natal and Gauteng Province in South Africa. The Post-Covid Early Recovery Grant 2021 aims to support 10 female owned businesses with USD$5,000 each to reboot and revive their businesses. This seed grant funding is made possible by the United Nations Development Programme (UNDP) in partnership with the Global Entrepreneurship Network (GEN) and 22 ON SLOANE.
Applications are open from 3 – 9 November and the top 10 female-owned businesses will be announced during the Global Entrepreneurship Week (GEW) on the 11th of November. Global Entrepreneurship Week (GEW) is the world’s largest celebration of innovators who dream big and launch startups that brings ideas to life. This year will mark the 14th year of celebrating the annual Global Entrepreneurship Week with local startups with the aim of raising awareness about innovation and entrepreneurship. GEW reaches new audiences and connects participants to a network that can help them take the next step, no matter where they are on their entrepreneurial journey.
Female owned-businesses based in any township in Kwa-Zulu Natal or Gauteng Province only are required to submit a 3-minute video describing the following:
1. Introducing themselves and where they are located,
2. The name of their business and products or services offered,
3. Describe how COVID-19 and the July Protests affected their business,
4. What impact would the seed grant have on their business.
· A female owned business, based and operate from a township in Kwa-Zulu Natal or Gauteng Province,
· Be aged between 18 and 40,
· Have not received any form of COVID 19 financial relief to date,
· An active bank account,
· Have a business plan and/or upload the 3min video
For further information, please email: Tsakani Nkombyane – firstname.lastname@example.org
Each video will be judged on the following:
1. Clear description of business’ product or service,
2. Detailed description of how the business was affected in the pandemic and during the July protest,
3. Most importantly, how the seed grant will be used.
Videos longer than 3-minutes will automatically be disqualified and businesses that have already received financial relief from existing government or private sector channels will not be considered.
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22 On Sloane is the largest startup campus in Africa. The campus offers disruptive startups and innovative SMEs a complete turnkey solution to scale, from the initial idea all the way to commercialisation, funding opportunities and access to markets. Its aim is to nurture the entrepreneurial mindset, ensure their sustainability, and explore development of new industries and contribute towards job creation in Africa.
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