FRAGG Impact Growth Accelerator 2020
About FRAGG Impact Growth Acceler...
The FRAGG Impact Growth Accelerator Programme is an initiative structured, in partnership with the African Guarantee Fund, to close the funding gap for SMEs in West Africa, by providing support to companies and projects in the impact and climate sectors that are at expansion stage, in order to prepare them for the financing needed to scale.
FRAGG Growth Accelerator is a business development programme designed to provide
support to participants with business strategies, growth and scalability tools required to
become investment ready. The programme serves to facilitate enhanced access to finance needed to scale-up.
The programme will culminate in a networking event with investors, business leaders, and corporate decision–makers in order to foster interaction with prospective investors.
What to Expect:
An accelerated proposal assessment programme to help determine suitability of
your business for financing
Mentorship and capacity building for participants, particularly in the areas of
Strategic Business Planning/Financial Management, Product Development/Market
Expansion, Risk Management/Internal Audit & Control/, and ESG Evaluation,
Monitoring & Reporting
Access to a pool of potential financiers and investors, and
An opening for provision of African Guarantee Fund (AGF) guarantee, and access to
funding from the FRAGG Impact Fund.
20 ambitious, innovative, and growth-stage impact businesses who are committed to
combining financial returns with discernible social and/or environmental impact. Businesses must:
Be for-profit, post-revenue business seeking a minimum of 250,000 USD as growth-
Have at least 75% of its activities in West Africa
Have existed for at least three years
Have a full-time dedicated, diverse and inclusive management/staff with reasonable
ratio of women and youth
Have a scalable and innovative social impact business
Have a turnover of at least 1 million USD
Be open to raising external investment
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