The Next Economy (Incubation) For Empowering African Youth Entrepreneurs

The Next Economy is an initiative of SOS Children’s Villages CV, Crosswise Works and Good Up and is being funded by the Dutch Ministry of Foreign Affairs.

The Next Economy Incubation Programme is focused on supporting aspiring entrepreneurs to move their business ideas into solid foundations that can expand and grow while also investing in entrepreneurs to become business leaders. These training focus on sustaining and growing businesses and seeks to make them profitable such that they are able to hire new employees and thereby create new jobs.

The Next Economy Incubation Programme provides business knowledge and business support through diverse strategies and structures including enterprise education, business advisory and consultation, access to investment funding and partnerships empowering aspiring entrepreneurs to attain business growth.

To qualify, participants must be between the ages of 18 – 35 years of age and have a minimum viable product.

Key benefits include:

  • Enterprise Training
  • Business Advisory Services
  • Access to Funding and Partnerships
  • Access to Mentorship Support

The Next Economy Incubation programme combines a mix of interactive enterprise training, advisory and business support services to enable each participant to fully develop their ideas from startups to growth stage.

Enterprise Training

  • Design Thinking
  • Market Strategy
  • Product/Service Development
  • Operations Management
  • Business Model Canvas
  • Business Plan Development
  • Budgeting, Financial Management and Financial Reporting
  • People Management
  • Raising Financing
  • Digital Marketing
  • Business Pitching

Stage I:

Interested applicants must complete the online form here. Applicants will be required to complete all the required fields.

 Stage II:

Following a review of all received applications and a further interview call (video or voice), 15 candidates will be shortlisted for the 3months Incubation Training.

Through the support of the Dutch Ministry of Foreign Affairs, SOS Children’s Villages CV, Crosswise Works and other the Next Economy Partners, the programme is FREE to entrepreneurs who are shortlisted and enrolled in the incubation programme. This scholarship support from the Dutch Ministry of Foreign Affairs covers all direct course fees including course materials, books and data support.

Official source: https://www.fatefoundation.org/project/the-next-economy-incubation/#1605985715384-16eb21a9-a373

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