A BUSINESS FUNDING OPTION TO CONSIDER


Investing & Money
piece written on the 6th November 2015 by  

Just a few days ago I introduced you all to the Awethu Project, a company that invests in entrepreneurs with the aim of impacting thousands of people and using entrepreneurship to turn around our unemployment problems in South Africa. Today I felt I would give you a quick break down of how you go about applying for funding.

So if you’re an entrepreneur looking for funding, you’ll want to have a read:

It’s important to note that this is not just about funding, but also practical entrepreneurship training. If you are looking for funding, the funding amounts range from R2.5 million all the way up to R25 million. There are three options available to entrepreneurs.

1. #AWE250KApply Now

AWE205K

If you’re an entrepreneur who needs practical training (one-on-one mentorship) and early-stage funding of up to R250,000 then this option is right for you. They have 250 scholarships available. One of their entrepreneurs, Themba Khumalo, went through the process and his journey was as follows:

Awe250K

2. #AWE2.5M – Apply Now

AWE2.5M

For this fund, entrepreneurs have access to up to R5 million and whatever business support you need. The beauty of this is that the team have all sorts of experience which allows you to concentrate on what you’re great at and they’ll handle all the areas around that – this is what any entrepreneur needs. The application process has 7 steps:

  1. Provide a few details about yourself.
  2. A business competency test.
  3. Business plan strategy.
  4. Providing your personal details.
  5. Pitching your business.
  6. Receiving an offer.
  7. Kick off!

3. #AWE25MApply Now

AWE25M

The last fund option is for high-potential entrepreneurs who need funding, mentorship and access to networks. The 2015 quota is filled, but they’re looking for 2016 candidates. The best way to describe this is to show Nhlanhla Dlamini’s experience:

Awe25M

Three fantastic fund options for budding entrepreneurs – if you think you’ve got what it takes or you’ve got a great idea, turn to the Awethu Project’s website and read more about their opportunities. Being able to launch and run your own business is just incredible, I’ve done it so I know what I’m talking about :)

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