United Nations Development Program (UNDP) has partnered with Stanbic Bank Uganda Limited (Stanbic Bank) to support youth owned enterprises and MSMEs through the Youth4Business Innovation and Entrepreneurial Facility. The Facility is intended to spur innovation and address the ongoing challenge of youth unemployment, particularly in the face of the COVID-19 pandemic.

As part of the initiative, UNDP is calling for applications for the Innovation Challenge Fund, which will provide competitive matching grant awards as well as mentoring, capacity building, and entrepreneurship development training to youth owned MSMEs. Successful applicants will receive between USD 10,000 and USD 40,000 (UGX 37,089,000 and UGX 148,356,000) in cash/ or in-kind support (goods and services). In addition, successful applicants may also receive 12 months of tailored business development services and enterprise development training from the Stanbic Business Incubator and mentorship from UNDP Accelerator Lab.

Download your Application Form

Who is eligible?

  • MSMEs legally recognized and registered under the Laws of Uganda.
  • MSMEs operating in any of the targeted sectors of agriculture, tourism, development minerals, manufacturing, renewable energy, Information Technology (IT) and creative industry; with a product or service on the market.
  • The call targets MSMEs looking to pilot and or scale their inclusive business models and solutions (inclusive business models and solutions are enterprises that include low-income people as customers, as owners, employees, producers and entrepreneurs at various points within the value chain).
  • Ugandan youth entrepreneurs who would like to acquire technical knowledge, training, and practical tools to support their businesses.

 

How do I apply?                                   

MSMEs interested in accessing this component of the Youth4Business Innovation and Entrepreneurship Facility should submit proposals and other related documents to y4bf.ug@undp.org with a copy to tenders.kampala@undp.org. The deadline is Monday 30 November 2020 at 23:59 hours (East African Standard Time).

 

Where do I find more information?

Uganda National Development Program

https://procurement-notices.undp.org/view_notice.cfm?notice_id=69974
https://www.ug.undp.org/

AND

Stanbic Bank Uganda Limited

www.stanbicbank.co.ug
cccug@stanbic.com
Tel:  031222460