Small Enterprise Assistance Funds (SEAF) along with seven other commercial investment companies announced their sponsorship of the Fast5 Challenge competition in June, a competition intended to bolster small-and-medium sized enterprises (SMEs) in developing countries.
The announcement doubled as a call for submissions from SMEs that require USD 50,000 to 5 million to grow to scale in the next few years. These SMEs will compete for advanced business grooming ahead of November’s “Growing SMEs Investor Marketplace” conference in the Netherlands.
The five winners will receive specialized technical assistance and be matched with ready-to-invest financiers at the conference.
SEAF joins the BiD Network and investment partners Annona, GroFin, GVEP investing with Promethus Fund, InReturn Capital, Oikocredit, and Pearl Capital Partners in its commitment to the Fast5 challenge.
‘In more than 20 years of operation, SEAF has made more than 360 investments in SMEs globally, and firmly believes that entrepreneurs make an enormous difference. We thank BiD Network for bringing together what promises to be a great set of such entrepreneurs” said Joke van Hedel, Vice President SEAF.
For more information about the Fast5 Challenge competition, please visit: www.bidnetwork.org/fast5.