Call for Applications
Prime Cubate, a dynamic enterprise support organization in partnership with the Lesotho Entrepreneurship Hub and Seed Financing Facility under the Competitiveness and Financial Inclusion (CAFI) program is seeking to offer business incubation services to 10 high-growth, high-impact and scalable enterprises addressing developmental challenges in Lesotho. Our vision is to create a vibrant ecosystem of entrepreneurs in Lesotho, empowering them to establish sustainable businesses that make significant contributions to the economy.
*Information sessions (to give further clarity where needed), will be held every Monday, Wednesday and Friday at (2pm-3pm for Prime Cubate) on a link to be published on the CAFI Website. These sessions will run from Monday 2nd up to Friday 20th December 2024.
Eligibility Criteria:
- Basotho nationals preferably aged 18-35.
- Must have existed for at least 1 year and must be post-revenue.
- Owner must be working on the enterprise full time.
- Must be addressing a developmental challenge through the use of technology, science and/or innovation i.e fintech, agritech, medtech, edtech, use of technology in any manufacturing process, artificial intelligence, blockchain and other emerging technologies.
- Potential for scalability.
- Enterprise is able to commit to 6-months of incubation.
- Based in any of the 10 districts of Lesotho but most community events are anticipated to be held in Maseru.
- The team consists of at least four members.
The application must include the following:
- Description of the business: what do you do?
- Problem statement: what problem are you solving?
- Registration information
- Value proposition of the business
- Revenue model and current revenue
- Management and team expertise
What to expect from the program:
- Access to coaches, mentors, business development support services to offer tailored business support to your enterprise to enhance its growth and sustainability.
- Access to markets and finance from local and international partners.
- Access to working space with computers and internet access.
- Access to networking opportunities such as fireside chats with local and international entrepreneurs and investors.
How to Apply:
- Apply using www.cafi.org.ls. Prime Cubate has the right to request further information from the enterprise to enable further understanding of the business.
- Only shortlisted enterprises will be contacted for additional processes.
Contact Information:
For any questions or concerns, please contact Nini Rose Moru on: [email protected] with [email protected] in copy or contact +266 56617796.
Address: 248 Moshoeshoe Road, Maseru 100, Lesotho
Deadline: 18th December 2024
NB: All enterprises will be expected to comply with the social and environmental safeguards.