Opportunités pour Africains

2023 Growth Stage Impact Ventures Programme for SDGs in Nigeria

2023 Growth Stage Impact Ventures Programme for SDGs in Nigeria

Deadline: 28-Feb-23

The United Nations Development Programme (UNDP) is inviting nominations for the 2023 Growth Stage Impact Ventures (GSIV) Programme to identify under represented innovation for a sustainable future.

The Growth Stage Impact Ventures (GSIV) programme identifies through a highly competitive process enterprises from developing countries that have developed at-scale products and services that contribute to the SDGs while achieving commercial success and are committed to embed impact considerations into decision-making. By showcasing and supporting these ventures, UNDP aims to bring forward evidence of the existence of pipelines of investable ventures that can advance the transition to SDG-aligned investment in developing countries.

The programme is based on the findings emerged from the Nigeria SDGs Investor Map, a market intelligence tool designed to help private investors (funds, financiers, corporations) identify investment opportunities areas and business models that advance the SDGs. The SDG Investor Map of Nigeria revealed market insights around five sectors aligned with the national development needs and policy priorities of the country, where private capital can make a difference to people and planet.

The GSIV takes the SDG Investor Map one step further, defining a mechanism to identify and support specific ventures operating in the priority investment sectors coming out of the SDG Investor Map, and therefore, a potential investable pipeline to advancing the SDGs at country level.  This pipeline is then presented during a national investor convening. In addition, the programme provides support to finalists in the adoption of the SDG Impact Standards for Enterprises, which are the only management standards in the market that embed sustainability at the core of an organization holistically.

What are the benefits for selected ventures? 

  • Ventures selected as finalists will be endorsed by UNDP and will receive capacity building and trainings to improve their impact management and to enhance their investment readiness and core business areas. Additionally, finalists will be given exposure and be directed towards opportunities for accessing financing from among the network of partners of the GSIV, including UNCDF’s funding mechanisms. Moreover, UNDP will extend to all finalist ventures an invitation to attend and pitch their solution during a UNDP event the International Investment Forum organized in collaboration with the Impact Investment Foundation in Nigeria, in late 2023. This will be an occasion to meet the investor community and discuss partnerships and investment opportunities.
  •  “The GSIV programme truly enables entrepreneurs to access networks of investors, corporate and institutional partners to build support systems to scale into new markets. Their participation as finalist has enhanced their brand and improved their SDG-aligned practices. “

Benefits for finalists

  • The GSIV programme has the objective to improve the visibility and exposure of the selected enterprise in the im- pact investment ecosystem at the local an international level, and to offer concrete possibilities for developing new connections and access networking opportunities. Ventures selected as finalist will be endorsed by UNDP and will receive capacity building and training to improve their impact management practices. The list of services offered by the programme are summarized:
    • Visibility: Enterprises ranking first will be endorsed by UNDP as ventures aligned with the SDG Investor Map of Nigeria and will receive a broad exposure through UNDP’s communication channels and those of partners globally and in Nigeria. Their details will be uploaded as case studies on the SDG Investor Platform as part of the market intelligence provided by the SDG Investor Map.
    • Access to capital: Finalists will be giving exposure and be directed towards opportu- nities for accessing financing from among the network of partners of the GSIV, including UNCDF’s fund- ing mechanisms and other chan- nels that may be relevant, and in this context, may have access to capacity development to enhance their investment readiness and core business areas.
    • Capacity Building: Selected enterprises will have access to technical assistance provided by UNDP and partners aimed at strengthening their pitching tech- niques, enhancing their investment readiness, and better communi- cating their intended impact to an SDG-aligned investor profile.
    • SDG Impact Standards Training: Selected enterprises will be invited to join an in-person workshop on the SDG Impact Standards for Enterprises, to help them embed sustainability into their decision making. An assurance system and Seal will be available from a third-party in the near future, for enterprises that wish to undergo the process. In parallel, enterprises will be provided facilitated access to other relevant training and services offered by local and inter- national partners of UNDP.
    • Exposure in UNDP events: UNDP will extend to all finalist ventures an invitation to attend and pitch their solution during different UNDP events. This will also be an occasion to meet the investor community and discuss partnerships and investment opportunities.
    • Network & Endorsement
      • Finalist ventures will have the possi- bility to access the global presence of UNDP (+170 countries) and networks to support their scaling and the replication to new countries. They will have access to a wide network of stakeholders interested in learning more about their innovations, and benefit from one-on-one introduction to relevant decision- makers and other programmes to scale up their products offering.
      • Possibility to get reference letters from UNDP for public procurement or other opportunities.
Geographic Criteria
  • This Call for Nominations aims to promote the development of the private sector in Nigeria. Only ventures with substantial operations in Nigeria, with a management team and work- force primarily based in Nigeria and providing products and services mostly in Nigeria and other African countries, are eligible.

Who can nominate enterprises?

  • Nominations are made by third parties, namely entities that have, or had in the past, a working relationship with the nominated enterprise. This might include accelerators, impact funds, family offices, international organizations, development banks, governments, NGOs, among others.
  • Self-nomination by enterprises is not accepted, however they encourage third parties to complete the nomination form in cooperation with the nominated venture, to ensure the accuracy of the information provided.

Eligibility Criteria

  • Business model Criteria
    • Eligible ventures, which should be seeking partners (technical, financial, or other) to grow will be evaluated according to the following criteria:
      • Impact: be a mission-driven enterprise (possibly within by-laws) with an impact-driven model—meaning that the venture aims to generate a measurable, positive social or environ- mental impact, with impact management procedures and measurement metrics and/or key performance indicators in place; and the potential to contribute to the achievement of more than one SDG, in an integrated way;
      • Financial record: have an established business model and strong financial track record based on the company’s management accounts and audited financials if available, (number of clients, annual revenue, EBITDA, break-even, previous funding raised);
      • Investment: raised at least US$100,000 or reached break-even through organic growth;
      • Innovation: present an innovative technology, business model, or process with a strong competitive advantage (intellectual property, clear unique selling proposition, uniqueness factor);
      • Team profile: retain a solid team with complementary competencies to run and grow a busi- ness;
      • Scalability: demonstrate that the solution is scalable at the regional, continental, or cross-sectoral level.
  • Thematic criteria: The programme aims to identify and aggregate a pool of partnership and investment-ready enterprises within the sectors that help advance the SDGs in the country. Only enterprises operating in one of the following seven sectors will be considered for the selection process: Food & Agriculture, Renewable Resources and Alternative Energy, Infrastructure, Technology and Communication, Health Care, Consumer Goods and Services.

For more information, visit UNDP.

Laisser un Commentaire