APPLY NOW!!! Global Center on Adaptation (ADB); 2021 African Youth Adaptation Solutions Challenge (UP TO $100,0000)
Young entrepreneurs between the ages of 18 and 35 are invited to reply to the decision for the expression of interest and submit their business plan through the official submission portal
The Global Center on Adaptation (GCA) and therefore the African Development Bank (AfDB.org) have launched a involve applications for the primary edition of the African Youth Adaptation Solutions (YouthAdapt) Challenge.
The call encourages young entrepreneurs, innovators from micro, small and medium-sized enterprises (MSMEs) and other youth-led and youth-owned enterprises in Africa, to implement solutions for building resilience and adapting to the adverse impacts of global climate change . Young entrepreneurs between the ages of 18 and 35 are invited to reply to the decision for the expression of interest and submit their business plan through the official submission portal (https://bit.ly/3kaii1J).
With a robust specialise in youth and gender, winners of the YouthAdapt Challenge are going to be awarded business grants of up to $100,000 each and therefore the opportunity to participate during a 12-month business accelerator program to assist them proportion their businesses, deepen their impact and make decent jobs. additionally , the winning youth-led enterprises are going to be given mentorship and support to expand partnerships, knowledge sharing and learning through a network of young entrepreneurs in climate adaptation.
The YouthAdapt Challenge will unleash the entrepreneurial drive and capacities of African youth to grow their businesses
The African Youth Adaptations Solutions Challenge is a component of the ‘Empowering Youth through Jobs and Entrepreneurship’ pillar of the Africa Adaptation Acceleration Program (AAAP) (https://bit.ly/2XiudBV), a strategic partnership between the GCA and therefore the African Development Bank aimed toward galvanizing climate-resilient actions through a triple win approach to deal with the impacts of Covid-19, global climate change and therefore the economy.
AIM AND OBJECTIVES
The competition aims to leverage the resources, complementary expertise and networks of both organizations to support the ‘missing-middle’ of mid-sized companies within the areas of funding, thereby promoting sustainable climate adaptation and resilience practices on the African continent.
Announcing the YouthAdapt Challenge to a gaggle of worldwide leaders at the High-Level Dialogue: the difference Acceleration Imperative for COP26 held in Rotterdam, Netherlands on Monday 6th September 2021, Patrick Verkooijen, CEO of the worldwide Center on Adaptation said: “Our vision is to empower a million children in Africa with the financing and skills they have to pursue jobs and careers in climate adaptation. With this new challenge we aim to unlock the business opportunities in adaptation action by innovative youth-owned enterprises and prepare a replacement generation of African youth for the transition towards green and climate-resilient development.”
“The YouthAdapt Challenge will unleash the entrepreneurial drive and capacities of African youth to grow their businesses, address the continent’s pressing climate challenge and make decent jobs, building a more climate-resilient Africa”, said Akinwumi Adesina, African Development Bank’s President, affirming the Bank’s commitment to take a position within the youth.
SELECTION AND TIMELINE
Twenty youth-led enterprises are going to be shortlisted at the top of the appliance window on 6th October 2021 and invited to submit videos for a jury panel review before the finals and a gift ceremony at COP26 in Glasgow on November 8, 2021. At this event, ten winners are going to be selected, 50% of which can be women-led enterprises.