Type of Business

Legally incorporated/registered for-profit entities

Business Operations

At least 18 -24 months of operations in any of the focus countries

Turnover

Annual Turnover between USD 30,000 and USD 500,000 (Refer to the Term sheet for country-specific requirements)

Audited Financial Statements

Audited financial statements for at least two past years

Team

Businesses with 5-200 full-time employees

Stage of Innovation

The proposed innovation must be market-tested and scalable with an existing customer base

Funding

Be able to show the commitment of at least 20% matching-funding

Request funding amount within the stipulated range of USD 50,000 – USD 200,000 (Refer to the Term Sheet for country-specific funding availability)

Compliance

Be compliant with fundamentals in - country and international human rights, labour standards, environmental management laws

Must have requisite licenses relevant to their operations from authorisation institutions within their country of registration and operation

Must be legally registered with the Revenue Authority in the country of operation, and physical established in the country of doing business

Must NOT be involved in any act of terrorism or support terrorists’ activities, child labour or any other human rights violations, and must allow regular due diligence on these