FREQUENTLY ASKED QUESTIONS 

What are the funding options offered to Startups by the African Impact Challenge?

  • Non Dilutive Grant - up to 10,000 CAD

  • Simple Agreement for Future Equity - up to 25,000 CAD

What does the Sector Agnostic stream mean?

  • This is the stream for startups / ventures building solutions in any industrial sector in the country of focus for that year’s Challenge

  • This year the country of focus is South Africa for the sector agnostic stream 

What does the Pan-African health entrepreneurship stream mean?

  • This is the stream for startups / ventures building solutions in creating positive health outcomes in any African country

  • Startups and founders in this stream can be based anywhere on the continent  

What is the Community Impact stream?

  • This is a stream specifically for social enterprises, community based organisations, community projects, non-profits that are focused on creating a solution for their communities biggest challenges

  • Teams in this stream can only receive a grant

What happens after I complete my registration and submit?

  • You will receive an email with next steps shortly before the deadline. You can follow our social media to stay updated

What is Pre-Incubation?

  • This is our initial challenge phase, where you formulate (or re-validate) the fundamentals of the business / idea you are building

  • This is done through self-paced deliverables that will be assessed, including a 5 Minute recorded video pitch

  • Your deliverables will be evaluated with final results shared after completion. The top scoring teams will then be interviewed for funding and incubation

When does Pre-Incubation begin?

  • Mid-April 2023, after submissions close

How long does Pre-Incubation last?

  • 6 - 8  Weeks

What do I need for Pre-Incubation?

  • A computer with access to the internet 

Does my venture need to be incorporated to apply?

  • No

Do you consider ventures with solo founders?

  • Yes

Who can I contact in case I need any help, clarification on the program or any technical issues?

Coach@africanimpactinitiative.com 

How much time should a venture dedicate to the program per week during incubation?

  • 3 - 4 hours

How long is incubation? And When does it start?

  • 12 Weeks: July - October 2023 

What happens if my team is not selected for incubation?

  • You still join our AIC community, with relevant opportunities to help you along your entrepreneurial journey