2021 AfDB African Youth Adaptation Solutions (YouthAdapt) Challenge for African Entrepreneurs ( $100,000 Business grant) | How to Apply: Application for the 2021 AfDB African Youth Adaptation Solutions YouthAdapt Challenge has started!
The African Development Bank and the Global Center on Adaptation (GCA) and has extended an invitation for applications for the first edition of the African Youth Adaptation Solutions (YouthAdapt) Challenge.
For a successful application, ensure you read through this piece to learn the full details about this challenge- the eligibility criteria, requirements, application deadline, and more.
Important Facts About YouthAdapt Challenge
The invitation 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 plans through the official submission portal.
Note that the 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 aims and objectives of the competition is 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.
YouthAdapt Challenge- Eligibility Criteria & Requirements
The programme 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 commercialize 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
YouthAdapt Challenge- Overall 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 programme to help them scale up their businesses, deepen their impact and create decent jobs.
Also, 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 6th 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.
Deadline: 6th October, 2021
For More Information: Visit the Official Webpage