Athari Fund, an incubator for African social entrepreneurs, is currently accepting applications into its 2017 pilot program.
The Fund is an African impact investing fund with the aim of empowering African youths by investing in bright ideas that are intended to generate measurable social and/or environmental impact alongside a financial return.
It is set to open in 2019, but the plan is to make a couple of investments in early and seed-stage Nigerian-based startups in the first quarter of 2017. Beyond funding, Athari aims to lend its full support behind startups to move their company forward.
The Athari Fund team is comprised of young Africans in business. Ayobami Olufadeji is a physician with experience in hospital administration and social impact investing, Joseph Ngwenya is an investment banker with over a decade of active involvement in the nonprofit sector, and Martins Anani is a consultant with extensive project management, risk assessment and audit experience. They are supported by a team of advisors with a wealth of experience in investment management and social sector enterprises.
Athari Fund will be tailored to social entrepreneurs involved in education, community involvement, health and nutrition, financial inclusion and agriculture. Interested startups should be able to demonstrate their intent to have social impact, measure against a set of metrics set by the Fund, and commit to regular reporting of their social progress.
Interested social entrepreneurs can apply here.