Through I&P Acceleration in Sahel program, Sinergi Burkina provides seed funding to small businesses and start-ups in the Sahelian sub-region that are in need of short-term funding.
I&P Acceleration in Sahel program is an innovative program that Sinergi Burkina implements in Burkina Faso. Initiated by Investisseurs & Partenaires (I&P) and financed by the European Union, it helps accelerate the development of existing and often informal small businesses and increases the chances of success for start-up entrepreneurial projects.
Deployed over four years, this ambitious program will benefit some 300 companies operating in 13 countries in the Sahel region: Benin, Burkina Faso, Cameroon, Côte d’Ivoire, Gambia, Ghana, Guinea, Mali, Mauritania, Niger, Tchad, Togo and Senegal.
I&P Acceleration in Sahel will give project holders and entrepreneurs the tools and skills they need to develop and scale up their businesses.
The European Union is financing the I&P Acceleration in Sahel program through the EU Emergency Trust Fund for Africa (EUTF), a financial instrument aimed at delivering a coordinated and rapid response to emergency situations related to instability, irregular migration and forced displacement and at providing sustainable solutions to migration management.
I&P Acceleration in Sahel is deployed around three complementary components :
Addressing the financing needs of companies during their incubation or acceleration phase. The seed funding is between 2 million FCFA and 40 millon FCFA
Strengthening the capacities of the companies and of the investment teams through or collective training and expert missions carried out by national and/or international experts
Strengthening entrepreneurship business structures
The I&P Acceleration in Sahel program targets start-ups and small companies meeting the following criteria: