ENABLE
Many youths have brilliant ideas and solutions to societal problems but lack the enabling support to scale this into fully fledged business operations. We are looking to support ventures which we select to go through a one year incubation program. The program will include a live in session, mentorship support and monthly/ periodic follow-up/ support. During this period, the business models are refined, strengthened and get equipped with the tools needed to operate as viable social-impact enterprises. While profitability will be key to these businesses, there will also be an emphasis on ensuring that they create a positive social impact to the community.
PROMOTE
Upon selection and receiving the required advisory support, the businesses will be supported with startup financing which will be equity. The startup financing will be equal to 1,000 US Dollars given through two phases of 500 US Dollars each. The 1st batch will be given upon selection and completion of the initial business setup/ improvement phase which will be after about one month after the initial intake. The second phase will be given out 6 months after monitoring the business operations and follow-up with the mentoring. This will be enjoined with the coaching and business mentor-ship, on key areas such as marketing, legal requirements and financial operations. The financing will be in form of equity but our aim will be to exit as soon as we are comfortable that these startups have picked up well. At that point, we allow them to buy us off as soon as they have adequate traction to operate on their own or to take external equity or debt under commercial terms.
CONNECT
The last part of what we want to achieve is to ensure that the successful and highly impactful G-raise local champions move into scale where they are able to take external debt or equity to expand operations. At that point, they will graduate to a point that they can be referred to other institutions that may provide financial support beyond what G-raise and our partner network can offer.
