Funding Opportunity for African Startups: AECF Opens Applications in Ghana, Nigeria & Tanzania 2025
The Africa Ecosystem Catalysts Facility (AECF) is a bold USD 4 million investment initiative designed to empower startups in Ghana, Nigeria, and Tanzania that are building context-specific, scalable solutions to some of Africa’s most pressing challenges. Spearheaded by Village Capital and backed by FMO (Dutch Entrepreneurial Development Bank) and the Netherlands Enterprise Agency (RVO), the Facility aims to reshape early-stage funding models by rooting investment decisions in local ecosystems.
In July 2025, Reach for Change was named a Venture Partner for the Facility in Ghana, reinforcing the program’s commitment to inclusive, grassroots-led innovation. Reach for Change brings its deep local expertise, extensive networks, and proven track record in identifying and scaling high-impact ventures that drive meaningful change.
Why AECF?
Africa is experiencing a surge in entrepreneurship. However, many promising ventures are often excluded from traditional funding pipelines due to structural misalignments, including risk-averse investment mechanisms, limited early-stage capital, and misaligned growth expectations. The AECF was created to close this gap—especially for startups focusing on climate resilience and economic mobility, two critical pillars for inclusive and sustainable development.
By partnering with in-country Entrepreneur Support Organizations (ESOs) like Reach for Change, the AECF ensures that capital is not only accessible but also fit for purpose—structured with flexibility, responsiveness, and a deep understanding of local challenges.
Who Is Eligible?
The AECF is currently screening for high-potential ventures that meet the following criteria:
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Locally-led: Startups must be led and operated by founders with strong ties to their community or national context.
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Early-Stage with Traction: Startups should be post-MVP (Minimum Viable Product) with evidence of early revenue.
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Capital-Seeking: Ventures must be currently raising between USD 75,000 and USD 500,000.
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Under USD 2 Million Raised: Startups that have raised less than this threshold to date are eligible.
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Healthy Unit Economics: Ventures must demonstrate a path to financial sustainability.
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Mission-Driven: Applicants must be solving real, context-specific problems linked to economic mobility or climate resilience.
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Innovative Approach: This could include disruptive technologies, improved business processes, or novel business models that enhance local relevance.
Investment Instruments & Support
The AECF is not just a funding facility—it’s an innovation in how early-stage finance is delivered. The initiative employs innovative finance mechanisms, such as debt-like instruments, that provide flexible capital while aligning with each startup’s unique growth strategy.
This adaptability enables founders to scale responsibly, avoiding some of the pitfalls associated with traditional equity-based investment structures, especially in markets that are still maturing.
Application & Screening Process
The AECF application and selection journey is designed to be rigorous, transparent, and locally informed. It unfolds across four key stages, with the final investment decisions scheduled for November 2025:
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Shortlisting – Reach for Change and Village Capital will evaluate submissions for eligibility and strategic alignment.
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Evaluation – Selected ventures will undergo a deeper assessment of their market fit, innovation potential, and impact model.
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Due Diligence – A robust financial and operational review will be conducted for top applicants.
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Investment Committee – Final decisions will be made by a panel of experts, guided by the insights of local ESOs.
Throughout this process, selected startups will also benefit from coaching, investment readiness support, and opportunities to connect with a regional network of funders and innovation leaders.
Why This Matters
Startups accepted into the Facility will gain more than capital. They’ll join a broader ecosystem of support, access mentorship and learning opportunities, and become part of a movement to redefine how investment flows into African innovation ecosystems.
In the words of Kofi Biney, Programs Manager at Reach for Change Ghana:
“Too often, promising Ghanaian startups don’t get the support they need because traditional investment models don’t fit their reality. Our role in this partnership is to help surface ventures that are solving real, local problems—and to make sure the capital meets them where they are.”
Apply Now
If you’re an early-stage founder solving local problems with a clear pathway to scale—this is your chance. Apply to be part of the Africa Ecosystem Catalysts Facility and gain access to capital that aligns with your growth journey.
Deadline to apply: July 21, 2025
Apply here
For more information about program activities in Ghana, contact:
Andrews Akoto-Addo – Project & Partnership Officer, Reach for Change
andrews.akoto-addo@reachforchange.org
For general inquiries about the Facility, contact:
Eva Waweru – Village Capital
eva.waweru@vilcap.com
For more opportunities, visit opportunitiesforyouth.org.
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