43 African startups participate in the Social & Inclusive Business Camp program

On August 30, SIBC officially launched its 6thth edition, by welcoming the 43 entrepreneurs in the 2022 cohort. These social and inclusive entrepreneurs were selected from more than 380 applications across the entire African continent to participate in a comprehensive program including training, mentoring, peer-to-peer exchanges or meetings with investors aimed at preparing them for their change of scale.

Join the acceleration of social and inclusive innovation on the African continent: this is the goal set by the French Development Agency when it launched the Social & Inclusive Business Camp (SIBC) program in 2017, piloted by AFD Campus.

Every year, SIBC hosts a cohort of Anglophone and Francophone African entrepreneurs full support on 5 key themes for scaling. Management, formalization of scale-up, structuring of a team, impact measurement and preparation for fundraising are covered in 13 weeks by online education and 5 days Boot camp intensive practice in Marseille. They will then be invited to attend the Emerging Valley Summit on November 28 and 29 to meet key players in the ecosystem, particularly through speed-meeting sessions with international investors.

In addition to training and creating funding opportunities, SIBC places the core of its program the animation of a vibrant community of almost 240 social and inclusive entrepreneurs, committed to developing more sustainable and inclusive businesses within various sectors of activity such as agri-food, sustainable development, energy, education or health. SIBC awardees thus benefit from access to this vast network, as well as a mentoring of program alumni.

This year, the program thus opens its doors to a new cohort of 43 entrepreneurs with great potential for impact on the continent.

AN INNOVATIVE SUPPORT PROGRAM ADAPTED TO THE NEEDS OF IT ENTREPRENEURS IN THE GROWTH AND FUND RESERVATION PHASE

Since 2020, the program has been implemented by a consortium of partners – Investisseurs & Partenaires, African Management Institute (AMI), ScaleChanger and StartupBRICS. With a strong team of teachers and in-depth knowledge of African entrepreneurship, the consortium ensures competence development of entrepreneurs through innovative pedagogy and networking with the ecosystem of African entrepreneurship as well as with potential investors.

SIBC’s training course is based on 3 support areas to best prepare companies for their future development stages:

  1. Three months of distance learning, to bring the cohort together every two weeks in live sessions and through hands-on resources and open access tools around the key themes of the programme.
  2. A week of face-to-face bootcamp with the aim of enabling entrepreneurs to deepen the themes studied and put their learning into practice, followed by their participation in the EMERGING Valley summit, to pitch their project and meet potential investors and partners.
  3. A mentoring system, link each winner to an alumnus from a previous class for the duration of the program.

In addition to thematic training aimed at strengthening the skills and capacity of entrepreneurs, SIBC derives its wealth from the strength of its Community which unites a large network of actorswhose:

  • An African community of alumni, to enable entrepreneurs to be better connected with each other and develop areas of cooperation (strategic partnerships, access to new markets, contacts, etc.) beyond the support programme.
  • Entrepreneurs and experts (investors, HR specialists, management coaches or even managers of growing companies) that entrepreneurs will be able to meet throughout the program to learn and be inspired, but also to create initial key contacts that can translate into a technical or financial partnership .

The last edition implemented by SIBC in the current form of the program, this class of 2022 is all the more special and anticipated. The bootcamp week followed by the Emerging Valley 2022 Summit will also be an opportunity for AFD and the consortium to look back at SIBC’s highlights and major successes over the past six years.

HONORABLE WOMEN ENTREPRENEURS WHO MAKE UP MORE THAN HALF OF THIS 2022 COHORT

This year, 43 companies question of 18 African countries will participate in SIBC. Most of them were selected as part of a call for applications dedicated to SIBC, and 7 others are the winners of the 2022 edition of two program partner competitions:

  • EMERGING Mediterranean, an unprecedented program to accelerate and scale Maghreb start-ups in Tech for Good and positive innovation (6 winners);
  • RFI’s Challenge App Afrique, a competition aimed at supporting the development of digital applications in information and communication technologies (ICT) to promote agriculture (1 winner)

These entrepreneurs are active in different sectors (agri-food, sustainable development, energy, education, health, etc.), more than half of them are women, have inspiring and hopeful paths in common through their entrepreneurial commitment to responding to concrete social and/or environmental issues. These social and/or inclusive entrepreneurs thus combining economic viability and mission of impact, by innovating both in the products and services they develop and in their interactions with their value chains or in the construction of their economic model.

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