The NTF IV Project will support selected start-ups in three ways: 1. Early-stage startups will receive a blend of online and onsite training support on value proposition & business model canvas design and pitching with a focus on internationalization 2. It will enhance the capacities of start-ups through targeted coaching, training and advisory services, adapted to their level, ie SEED - ACCELERATION - GROWTH and give them sales & marketing support3. It will expose more advanced group of startups (8) to opportunities in the form of local and international start-up events and competitions, both to develop their business and connect them with potential investors
WHO CAN PARTICIPATE?
All applicants will be able to take advantage of online and mobile training opportunities. A selected group of startups will receive on-site coaching (between 20 to 40, to be confirmed). 8 start-ups will access BUSINESS & INVESTMENT opportunities. All startups be selected based on an expression of interest, subject to the following criteria:
> The start-up must have been launched within the last 2 years - ideally > The start-up has to use technology as a core enabling factor > The start-up must have built a minimum viable product*, which has ideally generated some sales even if only a limited amount> The start-up has to be for profit and can also have a social purpose
* A Minimum Viable Product (MVP) is a product with basic features, but enough to get the attention of the consumer and to provide a feedback loop to guide future development
WHAT IS THE SELECTION PROCESS?
The submitted information will be assessed by international experts contracted by ITC. Applications to the Expression of Interest and all company-related information including financials will be treated with STRICT CONFIDENTIALITY.
Ugandan partner organizations will be involved in the promotion process of the EOI, but not in the selection process itself, which will be handled by ITC.
ITC will assess the applications by grading each item below on a scale of 0 to 3:
0 means “does not meet criteria”1 means “partially meets criteria”2 means “adequately meets criteria”3 means “fully meets criteria”
KNOCK-OUT criteria (mentioned in the related item headings) means that the startup cannot qualify for the selection, whatever results elsewhere. ITC reserves the possibility of reconsidering these criteria in light of the numbers and quality of applications.
If inaccurate information is provided, it will lead to subsequent disqualification of the applicant, even if initially selected.
Please note that the selected beneficiary companies will be required to sign a Letter of Commitment to confirm their willingness and ability to participate in the project.
The deadline for applications has been extended to Friday 2 February 2018 midnight Kampala time.
PLEASE TAKE TIME TO COMPLETE THE EXPRESSION OF INTEREST CAREFULLY. ONCE YOU HAVE COMPLETED THE FORM THE FINAL SCREEN WILL CONFIRM THAT YOU SUCCESSFULLY SUBMITTED YOUR APPLICATION.
If you have questions or want to report problems with the form, please contact Mr. Richard Okuti (firstname.lastname@example.org), Ms. Cathy Sall (email@example.com) or Mr. Martin Labbé (firstname.lastname@example.org).
The NTF IV Team