The Business Innovation Challenge seeks proposals from enterprises who are developing innovative solutions to create jobs, especially for Kenya’s youth
The UK Government has committed to fund Kenyan proposals for a Business Innovation Challenge, under its new four-year catalytic jobs fund.
The Business Innovation Challenge seeks proposals from enterprises who are developing innovative solutions to create jobs, especially for Kenya’s youth. Up to five successful enterprises will receive grant funding and technical assistance worth up to KSH 13million (£100,000) each.
The call for proposals targets initiatives that are innovative, scalable, sustainable and which can demonstrate substantial impact. The Challenge is focused on three broad areas: agriculture and manufacturing, the informal sector, and people in marginalized groups and areas.
Shortlisted applicants will present their innovations at a pitch event in front of a panel of expert judges. The Kenya Catalytic Jobs Fund is a KSH 650 million (£5m) 4-year programme, which will test and support innovations with the potential to stimulate large-scale job creation. The new Fund was announced by British Prime Minister, Theresa May, during her visit to Kenya in August 2018 as part of a package of announcements aimed at supporting Kenya’s young people to achieve their goals.
Speaking about the Kenya Catalytic Job Fund, the British High Commissioner Nic Hailey said that more than 70 per cent of Kenyans are under the age of 30 and job opportunities are a priority for them.
“This fund will harness the innovation and energy of Kenya’s entrepreneurs to spur job creation and support our mutual prosperity – and I am delighted that it will provide opportunities for marginalised groups, such as people with disabilities.
The call for proposals for the Business Innovation Challenge will close on Monday 8 April 2019 at 11:59 pm EAT. To enter the Business Innovation Challenge, applicants must submit the online application form found at the Kenya Catalytic Jobs Fund [website] (kenyacatalyticjobsfund.org). The Business Innovation Challenge will be implemented by Mercy Corps as part of the fund’s pilot phase.