At Ifakara Innovation Hub, we are committed to supporting early-stage startups through our grant funding program. Our aim is to provide the financial resources you need to innovate, grow, and succeed without taking any equity in your business.
We understand that starting a new venture comes with numerous challenges, especially in the critical early stages where funding can be a significant barrier. By offering non-equity grants, we ensure that you can focus on developing your ideas and scaling your operations without the pressure of giving up ownership or control of your company.
Benefits of grant funding include;
- Financial Support: Access funds without giving up any equity in your business.
- Expert Guidance: Benefit from mentorship and support from our network of industry experts.
- Resource Access: Utilize our state-of-the-art facilities and resources to further develop your startup.
FAQs
No, receiving a grant from Ifakara Innovation Hub does not limit your ability to seek additional funding from other sources. In fact, securing a grant can often enhance your credibility with other investors.
No, our grants do not require repayment. They are designed to provide you with the financial support you need without the burden of debt or equity loss.
The amount of funding awarded varies based on the specific needs and potential of each startup. We offer grants ranging up to $5000 to help kickstart your growth.Thereafter we work closely with our innovators to secure the follow-on funding needed for acceleration.
Ifakara Innovation Hub typically sends out a call for applications for innovators to send in their ideas for a chance to be incubated at our hub. Those chosen have a chance to secure funding in the steps that follow. Sign up to our newsletter to ensure that you are kept up to date and not miss a chance to apply. To learn more about the process visit our portfolio pages.
Our grant funding is specifically tailored for early-stage startups that demonstrate strong potential for innovation and growth specifically in the areas of rural livelihood and healthcare. Visit our portfolio pages to learn more about the criteria.
Non-equity funding means that we provide financial support to your startup without taking ownership or shares in your company. This allows you to retain full control over your business while benefiting from the funding needed to accelerate your growth.
More Programs
Members of the community at Ifakara Innovation Hub enjoy access to a wide array of resources and support in throughout the innovation journey.
