About the program
The New Economy Booster is designed to support impact-driven entrepreneurs with both advanced and early-stage ventures, startups, non-profit organizations or initiatives based in Ghana that are contributing to the country’s post-pandemic economic recovery.
We want to boost solutions or ventures in sectors that have been affected by COVID-19, particularly those that are at risk of or have experienced job losses.
In our seven-month tailor-made online program, successful candidates will get a range of customized content and resources to develop and grow their business and network while being guided by a team of local and global experts.
Support you'll get
In our seven-month tailor-made online program, successful candidates will get a range of resources to develop and grow their business and network while being guided by a team of local and global experts.
Finance & logistics
Work and meet at an Impact Hub space, as well potential financial support.
Access partnership building opportunities.
Coaching & Mentorship
Receive senior expert advisory and consulting services and business coaching.
Meet potential investors and have facilitated introductions to fundraising opportunities.
Access networking opportunities.
Access personal development and technical skills training.
Have an expert in residence helping the project develop.
Get peer support from other participants.
The program stages will run to a non-linear schedule starting on August 17th 2020 and running until February 2021. Applications will be reviewed on an ongoing basis and high potential participants will be fast-tracked to the acceleration phase.
Phase 1: Application | 1-month
All 250 applicants will receive access to our online global community via our Global Connect Membership.
Phase 2: Incubation | 2 months
We will select the top 50 ventures to incubate. All 50 will receive five hours of coaching, access to resources and connections and a tailored online community to network with.
Phase 3: Acceleration | 4 months
We will select the top 15 ventures to accelerate. They will receive project management and coordination guidance, a tailored diagnostic and development plan; and access to a support network to help grow their business.
Who Should Apply?
Impact-driven entrepreneurs with both advanced and early-stage ventures, high-potential startups, non-profit organizations and initiatives based in Ghana that:
Identify key economic recovery challenges and opportunities in their local community
Have the potential to generate a great social or environmental impact
Are preventing job loss or generating new employment opportunities in industries that are suffering or are at risk of suffering
Are scalablemaking some revenue or are projected to make some revenue in the near future
Are already in the market or ready to go-to-market
We want to focus on projects that are addressing challenges in the following industries: Agriculture, Healthcare, Education, Tourism and Hospitality, and Manufacturing.
Applications will close by October 9, 2020, 23:59 GMT
Impact Hub is a global network focused on building communities for impact at scale.
With 100+ communities of 16,500+ change-driven entrepreneurs in more than 55 countries across five continents, Impact Hub is one of the world’s largest communities and accelerators for positive change.
We build ecosystems to drive collaboration and entrepreneurial innovation around the Global Sustainable Development Goals through locally rooted Impact Hubs, as well as with partners and allied networks.
Within the German government, the Federal Ministry for Economic Cooperation and Development (BMZ) is responsible for Germany's official development policy.
The BMZ's task is to determine the objectives of German development policy, to negotiate with its partner countries worldwide regarding bilateral cooperation, and to play a part in shaping multilateral cooperation.
The 2030 Agenda for Sustainable Development adopted by the United Nations constitutes the international framework for Germany's development policy.
The lab of tomorrow (lot) fosters business-driven solutions for specific challenges in developing and emerging countries.
Utilizing an open innovation process, the lot brings together businesses, experts and the public sector who co-create sustainable businesses that are profitable and also contribute to achieving the UN Sustainable Development Goals.