Standard Chartered Bank 2023 Women in Tech Incubation Program for Women Entrepreneurs | $10,000 Grant

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Standard Chartered Bank 2023 Women in Tech Incubation Program for Women Entrepreneurs | $10,000 Grant

The Standard Chartered Women in Technology Incubator is Africa’s premier incubator for female-led and established businesses. It is consistent with calls for greater diversity in technology and entrepreneurship, as well as more opportunities for women to acquire entrepreneurial and leadership skills. This is in line with the bank’s Sustainability and Community Engagement strategy, and it focuses on fostering innovation, infrastructure, and technology.

Following the successful implementation of the Women in Tech program in Kenya, Nigeria, and Bahrain, to name a few, Standard Chartered Bank Zambia has launched this initiative in collaboration with BongoHive.

The incubator program’s main goal is to assist Zambian women who wish to or are already using digital technologies to expand their enterprises but lack the essential support. The program aims to give specific assistance with corporate operations, digitization and digital transformation, accounting, and financial management. The program’s goal is to provide training, coaching, and initial financing to female-led entrepreneurial teams.

Standard Chartered Bank 2023 Women in Tech Incubation Program Eligibility Requirements

  • The business owner must be a Zambian female founder or co-founder over 18 years of age and with an equal or majority stake;
  • The business must be based and operating in Zambia;
  • The business must already be using digital technology, or have a clear need to incorporate digital  technology to enable their business to grow
  • The business owner must be of Zambian nationality;
  • The business must have been registered with PACRA for at least 3 months;
  • The business owner may be seeking support for customer, product, and/or business model development;
  • Key persons of the business (preferably 2 founders) must be available to undertake the 3-month incubation programme from March to May 2023;
  • The top 5 winners of the incubation programme must be able to attend a 6-month acceleration programme from June 21st  to November 21st 2023.
  • The prize fund is primarily for building digital technology and any balance to be used in the business.

Standard Chartered Bank 2023 Women in Tech Incubation Program Benefits

  • Business Incubation – Three (3) months of learning experience in business management and operations;
  • Personalised Mentorship – Personalised mentorship for all participants and their business needs;
  • Access to legal, accounting, financial planning and tech support;
  • Access to networking opportunities with fellow successful applicants and industry experts;
  • Funding Opportunities – $10,000 equity-free grant seed funding for the top five (5) finalists from the incubation programme to assist with the implementation of technology in their businesses;
  • Six (6) months of ongoing support from Standard Chartered, BongoHive and a network of coaches and mentors to assist with go-to-market strategies and scaling-up for the top five (5) finalists;
  • An opportunity to join BongoHive’s supportive Alumni Network.

Standard Chartered Bank 2023 Women in Tech Incubation Program Timeline:

  • Call for applications: 23rd Nov 2022 – 14th Jan 2023
  • Application Shortlisting: 16th Jan – 27th Jan 2023
  • Shortlist Announcement: 31st Jan 2023
  • Bootcamp (top 40): 6th Feb – 10th Feb 2023
  • Bootcamp Pitches: 15th Feb – 17th Feb 2023
  • Top 10 notification – 21 Feb 2023
  • Incubation Phase: 6th March – 26th May 2023
  • Demo Day and Award Ceremony: 9th June 2023 and 16th June 2023
  • Acceleration Phase (Post Incubation Support):  21st June – 21st November

Apply here

For More Information:

Visit the Official Webpage of the Standard Chartered Women in Tech Incubation Programme

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