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AfDB Business Grant For African Youth ($100,000)

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AfDB Business Grant For African Youth ($100,000)

The overarching objective of the African Development Bank (AfDB) Group is to spur sustainable economic development and social progress in its regional member countries (RMCs), thus contributing to poverty reduction.

The Bank Group achieves this objective by:

i. mobilizing and allocating resources for investment in RMCs; and

ii. providing policy advice and technical assistance to support development efforts.

In 2015, all multilateral development institutions have agreed on a same set of objectives, called the Sustainable Development Goals. They are:

AfDB Business Grant For African Youth ($100,000)

Sustainable Development Goals

Goal 1. End poverty in all its forms everywhere

Goal 2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

Goal 3. Ensure healthy lives and promote well-being for all at all ages

Goal 4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

Goal 5. Achieve gender equality and empower all women and girls

Goal 6. Ensure availability and sustainable management of water and sanitation for all

Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all

Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Goal 10. Reduce inequality within and among countries

Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable

Goal 12. Ensure sustainable consumption and production patterns

AfDB Business Grant For African Youth ($100,000)

Goal 13. Take urgent action to combat climate change and its impacts

Goal 14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

Goal 15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

Goal 16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

Goal 17. Strengthen the means of implementation and revitalize the global partnership for sustainable development

AfDB Business Grant For African Youth ($100,000)

AfDB African Youth Adaptation Solutions (YouthAdapt) Challenge 2021 for young African Entrepreneurs ( $100,000 Business grant & Full Funded to Glasgow, Scotland)

The Global Center on Adaptation (GCA) and the African Development Bank have launched a call for applications for the first edition of the African Youth Adaptation Solutions (YouthAdapt) Challenge.

The call encourages young entrepreneurs, innovators from micro, small and medium-sized enterprises (MSMEs) and other youth-led and youth-owned enterprises in Africa, to implement solutions for building resilience and adapting to the adverse impacts of climate change.

Young entrepreneurs between the ages of 18 and 35 are invited to respond to the call for the expression of interest and submit their business plan through the official submission portal.

The African Youth Adaptations Solutions Challenge is part of the ‘Empowering Youth through Jobs and Entrepreneurship’ pillar of the Africa Adaptation Acceleration Program (AAAP), a strategic partnership between the GCA and the African Development Bank aimed at galvanizing climate-resilient actions through a triple win approach to address the impacts of Covid-19, climate change and the economy.

The competition aims to leverage the resources, complementary expertise and networks of both organizations to support the ‘missing-middle’ of mid-sized companies in the areas of funding, thereby promoting sustainable climate adaptation and resilience practices on the African continent.

AfDB Business Grant For African Youth ($100,000)

Eligibility Requirements

The YouthADAPT Challenge will gather adaptation solutions from young entrepreneurs in Africa selecting the best, providing the businesses with a grant of up to $100,000 and an opportunity to scale and fully commercialise their businesses via a 12-month accelerator program. The eligibility criteria for applying to the Challenge are as follows:

Enterprises must be:

Youth-led with applicants aged between the ages of 18 and 35 years

Delivering climate adaptation or resilience solutions addressing real-life challenges

Legally registered and operating in Africa

Able to show revenues for at least two years

Benefits

With a strong focus on youth and gender, winners of the YouthAdapt Challenge will be awarded business grants of up to $100,000 each and the opportunity to participate in a 12-month business accelerator program to help them scale up their businesses, deepen their impact and create decent jobs.

In addition, the winning youth-led enterprises will be provided with mentorship and support to expand partnerships, knowledge sharing and learning through a network of young entrepreneurs in climate adaptation.

Twenty youth-led enterprises will be shortlisted at the end of the application window on 6^th October 2021 and invited to submit videos for a jury panel review ahead of the finals and an award ceremony at COP26 in Glasgow on November 8, 2021. At this event, ten winners will be selected, 50% of which will be women-led enterprises.