The Bayer Foundation, in partnership with German business school, the Ingolstadt School of Management is inviting tech start-ups from Sub-Saharan Africa to apply for the Social Impact Start-up Academy (SISTAC) innovation programme.
The goal of the initiative is to help Sub-Saharan Africa start-ups to grow their business with input and workshops run by social innovation masters students from the Ingolstadt School of Management.
Every year, the organisations join forces to run the SISTAC, to help entrepreneurs from Sub-Saharan Africa validate and prove their solutions, with the goal of helping them scale their business and increase their profit margin.
The foundation says it is looking for innovative businesses whose main focus is on the United Nation’s (UN’s) Sustainable Development Goals 2 and 3 – zero hunger, and health and wellbeing. They should be profitable companies in the validation stages, with some customers but looking to optimise and validate their solution to grow.
The bi-annual programme, according to Bayer, contributes to the German multinational pharmaceutical and life sciences company’s sustainability ambitions, which in turn support the UN’s sustainability goals.
“The action learning programme is fully inspired by Bayer’s innovation agenda – which aims to mobilise a movement of entrepreneurs to collaborate on innovation programmes and to connect to thousands of experts.
“Selected start-ups gain access to mentors from the Ingolstadt School of Management, access to the Bayer Foundation network, and free business consultation,” says the foundation in a statement.
Participants will also gain access to funding opportunities and competitions, the SISTAC knowledge database, and workshops and events.
Interested entrepreneurs can apply via the Web site, before 31 May.
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