The Netherlands Trust Fund V (NTF V) programme is based on a partnership agreement between the Ministry of Foreign Affairs of The Netherlands and the UN International Trade Centre (ITC) and will run till June 2025. The programme supports the digital technologies and agribusiness sector in Ethiopia, Ghana, Senegal, and the digital technologies sector in Benin, Ivory Coast, Mali and Uganda.
We are recruiting tech start-ups to join our NTF V initiative in Ethiopia, Ghana and Uganda. The project will support 30 start-ups in each country. The selected start-ups will be segmented based on their level of maturity and will benefit from the following services according to their categorization:
1. Growth Stage: post-revenue, targeting new markets, new products
2. Entrepreneurship Stage: Minimum Viable Product (MVP) confirmed, customer acquisition and retention ongoing
A start-up can move from Entrepreneurship to Growth during the programme. Below the introduction section is explained what each group will receive in terms of support.
►WHO CAN PARTICIPATE?
As an eligible tech start-up, you have to:
➔ Use digital technology as a core enabling factor (e-commerce is included)
➔ Be for-profit – but you can also have a social impact – mention it in your application!
➔ Have built a minimum viable product*, which has ideally generated some sales even if only a limited amount
➔ Be established in Ethiopia, Ghana or Uganda
* A Minimum Viable Product (MVP) is a product with basic features, but enough to get the attention of the consumer and to provide a feedback loop to guide future development
►WHAT IS THE SELECTION PROCESS?
➔ The submitted information will be assessed by local and international experts contracted by ITC. Applications and all company-related information including financials will be treated with STRICT CONFIDENTIALITY.
➔After a first selection is made, 360Diagnostics interviews will be held with each start-up to determine categorization into Entrepreneurship or Growth.
Partner organizations will be involved in the promotion process of the call for application, but not in the selection process itself, which will be handled by ITC.
KNOCK-OUT criteria: The start-up is not eligible for NTF V if it does not rely on technology as a core enabling factor. Start-ups that provide incorrect information in the call for applications can be excluded or re-categorized.
►DEADLINE FOR APPLICATIONS IS: 31 January 2022 midnight.
PLEASE LOOK OUT FOR THE FINAL SCREEN TO CONFIRM THAT YOU HAVE SUCCESSFULLY SUBMITTED YOUR APPLICATION.