Friday March 24, 2023
About
Advertisement
SmepeaksSmepeaks
  • SMEs & Startups
  • Tech & Innovation
  • Digital Economy & Finance
  • Industries & Sectors
  • Angels & VCs
SmepeaksSmepeaks
  • SMEs & Startups
  • Tech & Innovation
  • Digital Economy & Finance
  • Industries & Sectors
  • Angels & VCs
Smepeaks Logo- new
 Through coLABS 2020, Gray Matters Capital seeks to invest $250,000 in startups focused on women initiatives
Funding Opportunities

Through coLABS 2020, Gray Matters Capital seeks to invest $250,000 in startups focused on women initiatives

by Tosin Aloba April 11, 2020 5 min read

The clamour for an enhanced livelihood and sustainable workforce for women and girls has ignited the coLABS 2020 to make a difference with its gender lens fund for startups in Africa. 

This global investment portfolio initiated by the Grays Matter Capital, an impact-oriented investment company in 2017, uses its focused mission to fund startup businesses that incorporate women’s role and impact in the community as part of its major business model. Also, coLABS 2020 aims to help scale up these start-ups by providing follow-up technical and specific advisory support.

Criteria

  • Impact of Women– Women should be central growth or part of your business model. The focus challenge should be adequately channelled to women/girls in your community
  • Scalable- Company growth rate should be within 5 years to reach new markets or to provide new services/products to customers
  • Innovative- The intent of your business to create new things for the world
  • Early-stage- Your business idea has been tested, seen it be sustainable, and now you’re ready to scale. Also, if revenue-share is the appropriate type of investment capital for your company
  • Sectors- Priority is given to businesses that are adopting technology to provide women and/or girls access in the following areas: Agribusiness, Clean technology, and energy, Education, Financial Services, Healthcare, ICT, Water, sanitation and hygiene
  • Current regional focus: East and West Africa

Benefits

  • Access to a seed investments from $100,000 – $250,000
  • Revenue-share investment terms over 5 years (no debt, equity, or grant capital)
  • 12 months of strategic advisory support from recruited industry experts to reach proof-of-concept for your venture

How to apply

For eligible enterprises, you are required to process your application with the following steps:

  • Step 1 Pre-screen application– All interested applicants must submit a pre-screening application form which will be internally reviewed by the organising team
  • Step 2 Full Proposal-If your idea meets the criteria, they will be reaching out to you to submit a formal proposal
  • Step 3 Proposal Refinement- If the enterprise is shortlisted for the next stage, they will work with you in refining your pitch to meet the provisions of the Investment Committee
  • Step 4 The Bulge- An opportunity to pitch to the Investment Committee

Interested candidates can begin their application as the application portal closes Tuesday, June 30, 2020.


Got a story worth telling? Shoot us an email with SUBJECT — “Story Worth Telling” — to [email protected].

Related

Tags: coLABS 2020 Grays Matter Capital
Previous post
Next post

Tosin Aloba

author

I'm a content creator at smepeaks. I express my passion for SMEs' rapid and sustainable business growth has led me to express it through storytelling.

Most Recent
Startups

Nigerian Healthy Yogurt Brand, Sweetkiwi Gets Funding

March 13, 2023
Funding Opportunities

Agricultural Innovator? Apply to Receive $150,000 in

March 8, 2023
Funding Opportunities

Apply: CcHub, Taeillo to Boost Market Access

March 8, 2023
Startups

An insight on the e-health startup, RxAll,

January 24, 2023
Stay Connected
  • 4.05KLikes
  • 1.09KFollowers
About Us

smepeaks is a new media startup providing credible information and insights about SMEs, startups, the digital economy, and the innovation landscape in Africa.

Copyright © 2022 smepeaks. All Right Reserved.