Sage Foundation has announced the launch of a US$1 million Enterprise Fund, which will see non-profits in Africa receive grants between US$5,000 and US$35,000.
The Fund is aimed at non-profits in Africa that are helping to improve the lives of military veterans, young people or women and girls. It will help them generate further income, create new initiatives or enhance existing and proven activity.
The US$1 million will be split between two rounds of $500,000. Successful applicants for the first round of funding will be awarded grants between US$5,000 and US$35,000.
“Sage Foundation’s Enterprise Fund is designed to help organisations generate further income, create new initiatives or enhance existing activity,” said Joanne van der Walt, Sage Foundation Manager, Africa at Sage.
She added, “There are some wonderful charities across Africa who has innovative yet practical ideas about how they can solve some of the socio-economic challenges their communities face each day. We want to help them turn these exceptional ideas into reality.”Applications
for the first round are open until April 5, 2017. All non-profits that meet the Fund’s criteria will be considered. However organisations that are currently small but have ambitions to expand, grow and deliver sustainable change will be given preferential treatment.