YALI Alumni Innovation Fund (YAIF) 2019 is open for application.
The Young African Leadership Initiative (YALI) Regional Leadership Center, West Africa, Accra provides the next generation of business leaders and entrepreneurs in West Africa with seed capital for competitively selected young African entrepreneurs. Furthermore, YALI RLCs are empowering young people through academic coursework, leadership training, mentoring, and networking. In addition, selected YALI Alumni in West Africa have this opportunity to qualify for YALI Alumni Innovation Fund (YAIF) to start-up and expand their ventures.
The support will enable investments in promising enterprises, thereby fostering opportunity and development in Africa. Objectives include: selecting and funding young African leaders to launch or expand their revenue-generating ventures; and also, linking young leaders with business development partners to facilitate mentoring, provide professional advice and technical know-how, and improve business outcomes.
YAIF anticipates competitively awarding entrepreneurship grants of up to USD $10,000 each to promising young business or social entrepreneurs in Africa. The grants are for start-up or expand ventures, covering costs such as executing market plans, conducting technical studies, testing new products and services, expanding facilities, and/or furthering related business expansion or start-up activities.