Investing in entrepreneurial impact

We strongly believe in the ability of entreprenerial leaders to deliver enterprising economic and societal progress through their ventures whether through creation of much needed jobs and income opportunities or other areas of impact.

GrowthAfrica’s theory of change is built on the belief that Africa’s most potent route to social and economic transformation goes through ensuring that as many of its citizens have an opportunity to become productive members of their communities, i.e. have access to employment and income generating activities.

Whereas individual and micro-entrepreneurial activities are well covered by many organisations, entrepreneurial activities that are geared towards creating large amounts of direct employment opportunities and related income-generating activities is not.

Impact illustrated

What is the difference we make together with the entrepreneurs we support?

Ventures per country

152 in total

14

Cohorts

152

Ventures

200+

Mentors & sages

20+

Industries covered

289 Entrepreneurs
194 Male
95 Female

Impact criteria no. 1: Job creation

We believe that by supporting ambitious, committed and capable entrepreneurs shorting and broadening their entrepreneurial success we can have a more substantial, impactful and lasting effect. These venture will with an accelerated growth trajectory provide the employment and income generating opportunities that will create the social and economic transformation that is needed to sustain our continent's path to wealth and well-being.

As a logical consequence of this, we believe that the overriding measure of our impact lies in the number of jobs and income generating opportunities; this must however be seen in the light of our commitment to a positive impact from this, i.e. we screen all of our entrepreneurs, startups, scaleups and business partners for their commitment to leveraging their business activities for the betterment of the communities they operate in.

Scaling impact from financial performance

The performance of the business from a financial perspective is however also important to us as we believe that the longevity of a well-driven, profitable and committed enterprise is the most effective mechanism for positive transformation – through innovative business models, products/services and value chain partners generally.

GrowthAfrica employs the latest performance and impact measuring techniques and principles and work continuously with all participants of our programmes, as well as many finalists who did not make it through to our programmes as control groups to ensure that the impact can be justified coming from our efforts – at some level at least.

What results are you looking for Africa?

How can we assist your business grow in and across Africa? What resources
and support do you need to assess and seize the business opportunities?

Ian Lorenzen Executive Director & Partner Skype: ian_lorenzen ilo@growthafrica.com

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