The African Development Bank hereby invites business incubators, accelerators, and other similar Enterprise Support Organizations (ESOs) to indicate their interest to take part in a competitive selection processes to provide Business Development Services (BDS) and small grants to 20 ventures that were selected through the Bank’s #AfricaVsVirus Challenge. The BDS and grants delivered to the ventures will strengthen their capacity to develop their solutions addressing the COVID-19 crisis.
ESO can include non-governmental organizations (NGOs), consulting firms, incubators/accelerators or the like registered as a business, investment funds, merchant banks, specialized agencies or other multinational organizations, governmental agencies and universities or research institutes with the capacity to deliver BDS to you-led micro, small and medium enterprises (MSMEs) including but not limited to: business training; mentorship; investment/business plan development; digitizing of business; legal advisory services; financial structuring; product development; environmental and social impact assessments; taxation; and technical services in the areas of standardisation, testing of goods, certification of products, quality management systems, etc.
The BDSs and grants are to be provided mostly remotely to ventures based in multiple countries in Africa. Ideally the ESOs will have a Pan African reach with existing operations in at least 2 regions among East, West, Central and Southern Africa.
The list of the 20 ventures to support will be provided to the ESO by African Development Bank. The ESO will conduct preliminary due diligence (legal, fiduciary, fact checking) on the selected ventures and confirm their suitability to follow the program.
The assignment will include: 1) providing remote and personalized BDS to the selected ventures along with coaching and mentoring to develop further, implement and scale their solutions; 2) deliver grants ranging between $15,000 and $30,000 to the selected ventures on the basis of their grant request (grants will be funded by African Development Bank); and 3) monitor and report on capacity building activities, grant usage and businesses progress on a regular basis.
The selected ESO will sign a contract for services with the Bank to cover the cost of the delivery of the BDS to the 20 ventures as well as the management of the 20 grants, including administrative and financial fees. That same ESO will also sign a grant agreement with the Bank to receive the amount corresponding to the 20 grants that will in turn be disbursed to the
African Development Bank eligibility criteria and expected qualifications of the ESO:
- Being incorporated in a member country of the Bank;
- Preferably have registration in Africa or being part of a consortium with at least one ESO registered in Africa
- At least 3 years of experience and existence as an ESO operating in Africa
- At least 4 full-time employees including an ESO manager, financial manager, BDS expert/coach and Monitoring and Evaluation officer
- Existing portfolio of at least 60 supported start-ups / MSMEs
- At least 30 % of youth (15-35) and 25 % of female entrepreneurs within that portfolio
- Pan African reach (active in at least 2 regions: East, West, Southern or Central)
- Ability to provide personalized BDS to ventures and remote (demonstrated with existing platform, online resources, )
- Strong financial system and ability to execute international Bank wire transfers to disburse the grants to ventures in multiple African countries
- Ability to deliver training and coaching in at least 2 languages including French and English. Portuguese will be a
- Evidence of impact, success stories of start-ups from the ESO portfolio that went to scale / received loans/ investments
- Ability to start implementation immediately after the contract signature
- Experience working with donors and other funding partners including large multilateral organizations, private foundations, public institutions, foreign aid agencies,
Only shortlisted ESOs will be contacted. Shortlisted ESOs will be invited to submit a technical and financial proposals and one ESO will be selected after evaluation of the proposals according to the Bank procurement rules and procedures. Start date is estimated in September 2020. Activities are expected to start immediately after the signature of the contract between the Bank and the ESO. The duration of the activities implemented during the contract will not exceed 6 months.
The Bank invites Enterprise Support Organizations (ESOs) complying with the eligibility criteria and qualifications described above to express their interest to participate in the selection process. Interested eligible ESOs shall provide information on their general qualifications and experience demonstrating their ability to provide the services (documentation, pitch deck, teasers, references for similar services, experience in comparable assignments, availability of qualified staff, etc.). The expression of interest shall be submitted in ONE PDF file only and include the following: i) 25 pages maximum on the organization qualifications and experience; ii) a maximum two-page concept note on the organization understanding of the assignment’s scope.
Please, note that interest expressed by an ESO does not imply any obligation on the part of the African Development Bank to include it in the shortlist of institutions that will be invited to submit a proposal.
Interested ESOs may obtain further information at the following email address YEI@afdb.org during the Bank’s working hours: between 09:00 – 17:00 local time.
In order to facilitate the application process, ESOs are requested to apply through the following link: https://surveys.afdb.org/opinio/s?s=YEIMDTF2020. ESOs will complete a short online questionnaire and then upload their Expression of Interest (one PDF file). They will receive an automatic confirmation email once their application is completed. ESO should apply no later than 23:59 GMT on July 24, 2020.