SPRING opened for applications on 30 January 2015.
The SPRING accelerator will identify early-stage ventures with products that can improve the lives of girls and provide support to these ventures, including funding of up to £50,000, mentors, expertise and peer-to-peer support to help drive their business models forward. A 5 year programme, SPRING will start first in Kenya, Uganda and Rwanda in the coming year, before rolling out to 5 more countries across Africa and Asia.
What the fund will achieve
SPRING will transform the lives of adolescent girls by creating sustainable markets for life-enhancing products and services. These products and services will help girls to learn, earn, save, invest and be safe from harm.
The fund is open to applications for early stage enterprises that:
operate or plan to operate by May 2015 in one or more of Kenya, Uganda and Rwanda
are able to demonstrate revenues for a minimum of 1 year
girls aged 10 to19 are customers or purchasers of the business’s products, beneficiaries of the product’s use and/or future target customers