HARAMBEANS PROSPERITY INITIATIVE
Experts & Capital for Startups to Thrive in the Global Pandemic
As COVID-19 metastasizes into an economic and financial crisis, entrepreneurs throughout Africa’s nascent start-up landscape are increasingly facing an unprecedented threat, one that stands to eliminate 80% of non-VC backed ventures on the continent. To enable entrepreneurs to adapt and thrive, the Harambeans Prosperity Initiative is equipping African innovators in the Harambe Entrepreneur Alliance with expertise and capital.
KNOWLEDGE TRANSFER SESSIONS
Knowledge Transfer Sessions are virtual workshops led by accomplished Harambeans and investors in the Alliance advising entrepreneurs on how to build high performing teams, persuade investors and serve customers in this global pandemic.The sessions are held online and opened to Harambeans and aspiring entrepreneurs across Africa.
The Harambeans Prosperity Fund is a rules-based co-investment vehicle that leverages Harambe’s investment network to increase capital flows to Harambean-led ventures. In response to COVID-19 the Harambeans Prosperity Fund is allocating $1,000,000 to provide low interest loans and equity investments to ventures with sound business models, proven traction and demonstrated adaptability.
Click here to review full eligibility criteria and FAQ
- $25,000 – Ventures seeking $25,000 must have realized revenues of at least $5k per month over a 6 month period.
- $50,000 – Ventures seeking $50,000 must have raised at least $250,000 (debt/equity) within a 12 month period.
- $100,000 – Ventures seeking $100,000 must be leading a round of at least $1 million (debt/equity) within a 12 month period.
Current investors in Harambean-founded ventures: