The Fashionomics Africa Investment Readiness (FAIR) Program is a groundbreaking 7-year initiative aimed at empowering women-led Small and Medium-sized Enterprises (SMEs) in the cultural and creative industries, with a focus on the textile, apparel, and accessories sectors.
The seven-year Fashionomics Africa Investment Readiness (FAIR) Program has a direct target size of USD 10 million and is expected to raise up to USD 70 million in additional investments. With an emphasis on the Fashion subsector of the Textile, Apparel, and Accessories industries (TA&As), these investments will support the expansion of women-led SMEs (WSMEs) operating in Cultural & Creative Industries (CCIs).
Current Funding Status
The program has already secured significant funding commitments, including:
- $4 million from We-Fi
- EUR 3 million from EU-ACP CreatiFI
- An additional EUR 3 million under consideration from EU-ACP CreatiFI
- Additional funds to be raised and mobilized on an ongoing basis.
Benefit of AfDB Fashionomics Africa Programme
- $6,000 total in cash prizes
- Mentoring
- New branding packages
- Other support for winning African designers of sustainable and circular fashion
Eligibility criteria for AfDB Fashionomics Africa Programme
- Candidate must be textile, apparel, and accessories entrepreneurs from Africa
- Candidate must be 18 years or older.
- Candidate must have launched a fashion business with up to 50 employees
- Candidate have produced sustainable designs within the last five years.
- Candidate must have 0 to 3 years of experience managing your business (registered or not).
Application process for AfDB Fashionomics Africa Programme
To learn more about the Fashionomics Africa online competition or to submit an entry below,
- Applications must be submitted either in English, Portuguese, Arabic or French.
- Failure to comply with these requirements will lead to the rejection of the application.
- French: https://bit.ly/FashionomicsCFAFrench
- Arabic:https://bit.ly/FashionomicsCFAArabic
- Portuguese: https://bit.ly/FashionomicsCFAPortuguese
- English: https://bit.ly/FashionomicsCFA.
For More Information: Visit the Official Webpage of the AfDB Fashionomics Africa Incubator and Accelerator Program.
Host: Africa Development Bank
Eligible Country: African Countries
Deadline: October 20, 2024.
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