Deadline: 28 February, 2021
United States African Development Foundation (USADF), in partnership with All On, has announced a call for entries to the USADF-All On Off-Grid Energy Challenge
The challenge aims to increase electrical generation to unserved and underserved communities through sustainable business model solutions.
Benefits
- The challenge seeks to provide up to $100,000 in blended finance per enterprise for successful applicants
- Investment in the form of a convertible loan at an affordable interest rate and/or an equity investment
- Seed capital from All On in the form of grants, and from USADF in the form of Community Reinvestment Grant (CRG) funds
- Access to intensive local technical assistance and governance support
Eligibility
- USADF and All On considers proposals from 100 percent African-owned and majority Nigerian-owned and Nigerian managed companies
- Passports or other government-issued IDs of all owners and senior managers must be
submitted with applications - If the applying company is owned wholly or in part by another company,
passports or other government-issues IDs of its owners must also be provided - The applying companies must be for-profit enterprises and must not be government-owned or operated in any way
- Applicants may be developers of their own technology and/or may be acquiring and implementing technology developed elsewhere
- Applicants need to be legally registered in Nigeria and demonstrate the capacity to track and manage the project resources and operate in good standing with the local governments in which they operate
To enter and for more information, click here.
Photo source: All On
