The African Diaspora Marketplace (ADM) II is a partnership between the United States Agency for International Development (USAID) and Western Union to encourage sustainable economic growth and employment by supporting African Diaspora (members are those individuals of African origin who are residents or citizens of the U.S.) entrepreneurs to establish innovative businesses in Africa by providing grants of up to USD 50,000 to 15-30 businesses.ADM II will focus on providing grants to entrepreneurs who have high-impact ideas in sectors such as agri-business, renewable energy, and information and communication technology (ICT).
As winners of the ADM 2010 grant, Sproxil is proud to promote and encourage all African Diaspora entrepreneurs to submit an application. The grant has provided Sproxil with the financial means to continue working to provide pharmaceutical product protection in Africa, where prevalence of potentially harmful, counterfeit drugs is threatening the lives and well-beings of its citizens.
Some of the eligibility requirements are:
- Your business must focus on the any of the following countries: Angola, Benin, Botswana, Cote D’Ivoire, DRC, Ethiopia, Ghana, Kenya, Liberia, Libya, Mali, Mozambique, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Tanzania, Tunisia, Uganda and Zambia.
- Your business must have a partnership established with a local African entitiy
- Your business must be legally registered in the African country of your focus.
- Businesses must focus on the following sectors: Information & Communication Technology (ICT), Agribusiness, and Renewable Energy.
Interested? To read more information on eligibility, see ADM II’s eligibility criteria.
To apply, fill out an application.
Remember, the submissions deadline is FEBRUARY 3rd, 2012, 5PM EST.
