Phuka Incubator Program
Phuka Incubator program a training program that aims to strengthen the capacity of SMEs with high growth potential, to make them more competitive and sustainable in the long term. Applications for Agribusiness cohort are now open.
Some of the benefits
Free Working Space
Choose to work, hold meetings, brain storming sessions, events at the Phuka Hub.
Affordable Loans
Boost your business’s cashflow with a business loans you will access, upon completion of the program and successful implementation of the learnings.
Coaching and Mentorship
Exposure to business gurus and industry experts for knowledge impartation.
Exposure
Access to trade portal that can link you to new markets.
Join Phuka Today
Those who join the program will have access to the Phuka Hub, situated in area 12, (Synergy complex) where they can share co-working space, meeting rooms and use the venue for events. Call 242 for more details
Features
Benefits
- Masterclasses – Facilitated by experts in business training and soft-skills development
- Business Clinics – Access to business coaching and advisory support from seasoned entrepreneurs and business leaders
- Infrastructure – Access to a flexible co-working space and meeting rooms with high-speed internet
- Social Capital – Access to like-minded communities, networks and strategic partnerships
- New Market Linkage – Access to a trade portal and market fairs hat can provide links to new markets
- Certification – Issuance of a certificate of attendance, upon completion of the programme
- Investment-readiness – Upon qualification, will have access to loans at a preferential rate
Who can apply?
We are looking for a Malawian owned Small and Medium enterprise specialising in Agriculture production or trading.
- Must be aged between 20 and 45 years
- Must be a Malawian citizen with a National ID
- Must be a for-profit venture and legally registered with the Malawi Registrar
- Must have an already existing business for at least one to five (1-5) years with a clearly defined market and verifiable customer base
- Must have a business that has evidence of a monthly recurring revenue of MwK1.5million per month
- Have the ability to create a credible investable plan with projected future performance and underlying assumptions
- Must have a scalable business model targeting increased local market acquisition or entry into export markets
- Must have resources and willingness to attend an online rapid business incubation programme, with English as the main language
- Must be willing to travel to Lilongwe for the closing ceremony
How to apply
- Application must done through the online application form as provided by Standard Bank
- Submission must include the following information from applying organization:
- Business registration details
- Business Profile- which specifies what the business is about, how long they have been in operation, revenues generated, number of employees and what their growth ambitions are
- A brief summary of your business.
- Must be ready to prepare a 3 to 4 minutes pitch for your venture during the pre-screening phase
For inquiries call 242 toll free
-
Benefits
-
Who can apply?
-
How to apply
- Masterclasses – Facilitated by experts in business training and soft-skills development
- Business Clinics – Access to business coaching and advisory support from seasoned entrepreneurs and business leaders
- Infrastructure – Access to a flexible co-working space and meeting rooms with high-speed internet
- Social Capital – Access to like-minded communities, networks and strategic partnerships
- New Market Linkage – Access to a trade portal and market fairs hat can provide links to new markets
- Certification – Issuance of a certificate of attendance, upon completion of the programme
- Investment-readiness – Upon qualification, will have access to loans at a preferential rate
We are looking for a Malawian owned Small and Medium enterprise specialising in Agriculture production or trading.
- Must be aged between 20 and 45 years
- Must be a Malawian citizen with a National ID
- Must be a for-profit venture and legally registered with the Malawi Registrar
- Must have an already existing business for at least one to five (1-5) years with a clearly defined market and verifiable customer base
- Must have a business that has evidence of a monthly recurring revenue of MwK1.5million per month
- Have the ability to create a credible investable plan with projected future performance and underlying assumptions
- Must have a scalable business model targeting increased local market acquisition or entry into export markets
- Must have resources and willingness to attend an online rapid business incubation programme, with English as the main language
- Must be willing to travel to Lilongwe for the closing ceremony
- Application must done through the online application form as provided by Standard Bank
- Submission must include the following information from applying organization:
- Business registration details
- Business Profile- which specifies what the business is about, how long they have been in operation, revenues generated, number of employees and what their growth ambitions are
- A brief summary of your business.
- Must be ready to prepare a 3 to 4 minutes pitch for your venture during the pre-screening phase
For inquiries call 242 toll free
We also offer
Bizsure
Bizsure is a coupon-based insurance that provides a simple solution to the needs of small and medium customers through a single policy covering a wide range of risks faced in the day to day business operations. This makes it easy for small and medium enterprise customers to access insurance at an affordable price.
Business Overdraft
An overdraft is a fluctuating loan facility that is individually tailored to meet the needs of customers who require short term finance for working capital purposes, making it the ideal way to manage your cash flow. It is linked to your business account and you can use as much as you need, up to your limit.