{"id":26759,"date":"2021-10-07T14:50:12","date_gmt":"2021-10-07T11:50:12","guid":{"rendered":"https:\/\/ugmirror.com\/?p=26759"},"modified":"2021-10-07T14:50:16","modified_gmt":"2021-10-07T11:50:16","slug":"entrepreneurs-urged-to-grow-green-businesses-with-eu-funded-accelerator-ugefa","status":"publish","type":"post","link":"https:\/\/ugmirror.com\/index.php\/2021\/10\/07\/entrepreneurs-urged-to-grow-green-businesses-with-eu-funded-accelerator-ugefa\/","title":{"rendered":"Entrepreneurs Urged To Grow Green Businesses With EU-funded Accelerator, UGEFA\u00a0"},"content":{"rendered":"\n<p>Green businesses in Uganda are being urged to apply to an accelerator programme that offers free finance-focused workshops and discounted loans to help them scale up. &nbsp;&nbsp;<\/p>\n\n\n\n<p>The Ugandan Green Enterprise Finance Accelerator (UGEFA) is looking to help high-potential small and medium-sized enterprises that specialise in eco-tourism, clean energy, sustainable transport, waste management and green manufacturing, including agro-processing, turning raw crops in finished products like textiles and dried fruit.\u00a0<\/p>\n\n\n\n<p>UGEFA is funded\u00a0fully by the\u00a0European\u00a0Union Delegation to Uganda.\u00a0UGEFA is implemented by adelphi Research gGmbH, a leading global independent think and do tank on environment and development; and Finding XY, a Ugandan-based non-profit, innovation centre and business advisory firm.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"1024\" src=\"https:\/\/ugmirror.com\/wp-content\/uploads\/2021\/10\/Kumuli-7-768x1024.jpg\" alt=\"\" class=\"wp-image-26761\" srcset=\"https:\/\/ugmirror.com\/wp-content\/uploads\/2021\/10\/Kumuli-7-768x1024.jpg 768w, https:\/\/ugmirror.com\/wp-content\/uploads\/2021\/10\/Kumuli-7-225x300.jpg 225w, https:\/\/ugmirror.com\/wp-content\/uploads\/2021\/10\/Kumuli-7-1152x1536.jpg 1152w, https:\/\/ugmirror.com\/wp-content\/uploads\/2021\/10\/Kumuli-7-360x480.jpg 360w, https:\/\/ugmirror.com\/wp-content\/uploads\/2021\/10\/Kumuli-7.jpg 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/figure>\n\n\n\n<p>Applications to join UGEFA\u2019s accelerator programme open today and close on 30 November. During the six-month programme, successful applicants will receive customised business development support from expert advisors. This tailored scheme incudes capacity building workshops and peer learning, delivered by implementation partners, adelphi and Finding XY. &nbsp;<\/p>\n\n\n\n<p>After graduating from the UGEFA programme, enterprises are matched with banking partners. If they prove to be investible they are provided loans, 33% of which is covered by UGEFA, through funding from the European Union. &nbsp;<\/p>\n\n\n\n<p>According to the Uganda Green Growth Development Strategy, an economy which considers people and planet, as well as profit, can boost GDP by 10 per cent and create four million jobs two decades from now.&nbsp;<\/p>\n\n\n\n<p>This will require significant investment, however, with US$11 billion needed by 2024. Overcoming current funding barriers is critical to unlocking the country\u2019s green economy. UGEFA will help eligible businesses ensure they meet the requirements of lenders so they can get access to the money they need to grow.&nbsp;<\/p>\n\n\n\n<p>Businesses that are eligible (see criteria below) can receive support through the application process during application clinics \u2013 improving their business plans and ensuring they have necessary financial documentation. They will also provide networking opportunities with peers and business advisors and ensure that businesses gain a comprehensive understanding of the loan application process. \u00a0<\/p>\n\n\n\n\n\n<p>Commenting on the latest call for applications, adelphi Executive Board Member, Rainer Agster said: \u201cThe current pandemic is a massive challenge for all enterprises, but it also provides an opportunity for a transformation towards a greener economy. UGEFA wants to work with enterprises accelerating this green transformation in Uganda. We are looking forward to receiving applications by green enterprises, who want to work with us and our partners.\u201d&nbsp;<\/p>\n\n\n\n<p>Finding XY\u2019s Programme Lead Eddie Sembatya added: \u201cThe level of ingenuity among Uganda\u2019s green entrepreneurs is second to none. We need to maximise their impact and that is why we are urging eligible businesses to submit applications to the programme and help transform Uganda\u2019s business landscape.\u201d&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Green businesses in Uganda are being urged to apply to an accelerator programme that offers free finance-focused workshops and discounted loans to help them scale up. &nbsp;&nbsp; The Ugandan Green Enterprise Finance Accelerator (UGEFA) is looking to help high-potential small and medium-sized enterprises that specialise in eco-tourism, clean energy, sustainable transport, waste management and green [&hellip;]<\/p>\n","protected":false},"author":27983,"featured_media":26760,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_paywall_metabox":[],"jnews_override_counter":[],"footnotes":""},"categories":[101],"tags":[31],"class_list":["post-26759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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