Impact Hub New Economy Booster program 2020 For Impact Driven Entreprenuers

Published: 30 Sep 2020 1,041 views

Come shape the post-COVID-19 economic recovery of Ghana or Nigeria. The New Economy Booster program is a chance to do so! 

Our goal is to boost high potential solutions or ventures that are already in the market or ready to go-to-market and are creating a positive impact on challenges faced by key sectors in the Ghanaian and Nigerian economies. 

This is an opportunity to bring ventures to the next level, advance business skills, receive expert advice, and nourish potential investor relationships. This program has been created by Impact Hub in partnership with the lab of tomorrow and with the support of The German Federal Ministry for Economic Cooperation and Development (BMZ). 

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 and Nigeria 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.

Impact Hub New Economy Booster program

Benefits of Impact Hub New Economy Booster program

Those selected to be part of the New Economy Booster will get a chance to:

1. Get business coaching
2. Get peer support from other participants
3. Receive senior expert advisory and consulting services
4. Access partnership building opportunities
5. Meet potential investors and have facilitated introductions to fundraising opportunities
6. Have an expert in residence helping the project develop
7. Access personal development and technical skills training
8. Work and meet at an Impact Hub space (once lockdown restrictions get lifted)

Requirements for Impact Hub New Economy Booster program

Impact-driven entrepreneurs with both advanced and early-stage ventures, high-potential startups, non-profit organizations and initiatives based in Ghana or Nigeria that:

1. Identify key economic recovery challenges and opportunities in their local community
2. Have the potential to generate a great social or environmental impact
3. Are preventing job loss or generating new employment opportunities in industries that are suffering or are at risk of suffering
4. Are scalable and are making some revenue or are projected to make some revenue in the near future 
5. Are already in the market or ready to go-to-market

Selection Process

successful applicants will be chosen by Impact Hub and partner representatives based on the following criteria:

1. Impact - The potential recovery of the Post-COVID-19 economy in Ghana and/or Nigeria
2. Scalability - The proposed solution has the potential to create local employment opportunities
3. Feasibility -  The proposed solution is technically and economically feasible
4. Team - Commitment of the project team to follow through and collaborate

Application Deadline

How to Apply