Shift Fund accepting applications for Seed fundingSimodisaPortal
Enygma Ventures’ subfund Shift, has opened for the second round of funding for entrepreneurs and innovators in Africa who either have existing businesses or new business ideas.
The new fund was founded in a response to the impact of the current Covid-19 pandemic and focuses on entrepreneurs and innovators in Southern Africa who are passionate about creating new solutions that address challenges facing Africa both during and after the pandemic.
Entrepreneurs and innovators with existing businesses and those still at the idea stage are encouraged to apply here. Successful applications will go through a vetting process which will determine whether they will receive a scholarship or seed funding or both.
Established businesses that are selected will go into Enygma Ventures’ investor readiness programme to receive seed equity investment.
Early-stage idea companies will receive a scholarship to Startup Circles’ acceleration programme. Successful graduates will then receive a $25 000 pre-seed equity investment.