Sage Foundation has today launched a new $1 million fund; Sage Foundation’s Enterprise Fund which is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women and girls.
Sage Foundation’s Enterprise Fund was originally announced at the Sage Summit in Chicago in July 2016, part of a series of new initiatives to mobilize Sage colleagues, partners and customers around a common vision for change.
Sage Foundation’s Enterprise Fund has been designed to support those non-profits organisations generate further income, create new initiatives or enhance existing and proven activity.
The $1 million fund will be split between two rounds of $500,000. Applications for the first round are open until April 5th; grants between $5,000 and $35,000 will then be awarded to successful applicants, while the second round will be ready for release in July 2017.
All applications that fulfill the eligibility criteria will be considered. However, Sage Foundation is especially keen to support organisations that are currently small but have ambitions to expand, grow and deliver sustainable change.
“There are some wonderful charities across Africa who has innovative yet practical ideas about how they can solve some of the socio-economic challenges their communities face each day. We want to help them turn these exceptional ideas into reality,” says Joanne van der Walt, Sage Foundation Manager, Africa at Sage.
Since January 2016, Sage Foundation has been taking action to build sustainable social, economic and entrepreneurial opportunities in Sage’s local communities around the world.