The goal of this competition is to finance the start or growth of Small and Medium sized Enterprises (SME) that can deliver access to sustainable energy to consumers in Tanzania.

Although renewable solutions will be encouraged and given preference, we seek to address access to energy for the largest number of people for the best price, hence large impact businesses.

Target Audience

Entrepreneurs in Tanzania who want to start or grow an existing SME that delivers sustainable access to energy to people in Tanzania. These entrepreneurs:
  • ideally focus on clean energy solutions.
  • seek finance in the range of US$ 10,000 and US$ 1 million.
  • are either in the start-up phase or are an established business (more than one year’s sales).
  • have the ambition to grow the business in sales and numbers of employees.
Entrepreneurs who are committed can take advantage of investment opportunities for investors and intense targeted Ready for Finance and Energy sector specific training.

Why Participate?

Benefits for participating entrepreneurs include:
  • Coaching, feedback and support in writing your business plan by SEED and its partners
  • Training on finance readiness with industry specific approach by SEED and partners:
    • 40 best proposals will receive training on “Ready for Finance: Business Planning & Management Skills”.
    • 20 business plans entrepreneurs will be offered training on “Ready for Finance: Access to Financing and Investment Options”.
  • Visibility for their plan and a large network of 46,000 members to help grow your business, through www.bidnetwork.org
  • 2 best Entrepreneurs will be invited on a business trip abroad to promote themselves and get introduced to various potential investors and business partners.
  • E+Co will prepare investment recommendations for entrepreneurs that meet their investment criteria
  • Get exposure to over 100 investors interested in financing SMEs in developing countries.

Participation Criteria

  • The plan should comply with the general participation criteria: www.bidnetwork.org/participationcriteria
  • The country of business should be Tanzania.
  • The plan is written in English.
  • The sector of this competition is energy: Sustainable energy comprises: wind, solar, biogas, hydro, liquefied petroleum gas, biomass and energy efficiency. Non-renewable energies are not excluded but the approaches to energy production, usage or financing should focus on established, affordable, reliable technologies that creates greater access to energy and move communities up the energy ladder towards cleaner, more modern forms of energy.

Dates:

Deadline for submitting your complete business plan is 15 August 2012.

Submit your plan summary before 7 April 2012, and be selected for a finance training course.

More Information:

For details, please, visit:www.bidnetwork.org/tanzania