Explore SATCP BPC
Unleash your entrepreneurial potential—enter the Business Plan Competition today and turn your vision into reality!
Are you an aspiring entrepreneur with an innovative business idea? The Business Plan Competition is your chance to showcase your creativity, strategic thinking, and passion for making a difference. Whether you’re just starting or looking to scale, this competition provides a platform to turn your vision into reality. Compete for exciting prizes, mentorship opportunities, and the chance to gain valuable exposure to potential investors. Don’t miss out—submit your business plan today and take the first step toward transforming your idea into a thriving venture!
Use our friendly portal to help you through your entire Application process
Explore the Business Plan Competition with ease through our user-friendly online portal! Here, you can find all the information you need about the competition, including key dates, eligibility criteria, and frequently asked questions. The portal also provides access to essential resources like templates and guidelines to help you craft a winning business plan. Manage every step of your application process from the comfort of your dashboard—submit your plan, track its progress, and receive notifications—all in one place. Visit the portal today and get started on your entrepreneurial journey!
Here is everything you need to know about the SATCP BPC
What is SATCP BPC
The SATCP Business Plan Competition is part of a broader initiative by the Southern Africa Trade and Connectivity Project (SATCP), aimed at promoting innovation and entrepreneurship in Malawi. The competition is designed to support the disbursement of innovative grants, which are targeted at fostering business growth and development in sectors aligned with trade and connectivity goals.
Whom are we targeting
The competition is open to micro businesses and entrepreneurs who submit viable and innovative business plans that align with the objectives of SATCP. These include promoting regional trade, improving supply chains, and enhancing infrastructure connectivity. Winners of the competition receive financial support in the form of grants, which help them scale their businesses or implement new ideas that contribute to regional trade efficiency.
What else can you benefit
The competition also involves technical assistance for applicants, ensuring that participants receive guidance in crafting competitive business plans. This support is extended through consultancy services provided to help manage both the Matching Grants program and the Business Plan Competition itself.
Nationality Eligibility
The SATCP Business Plan Competition is open exclusively to Malawian citizens who are ready to showcase their entrepreneurial talents. As part of the application process, all applicants are required to provide proof of their Malawian citizenship. Acceptable forms of documentation include a valid Malawian passport, national ID card, or other legally recognized forms of identification. This ensures that the competition remains focused on empowering local innovators and fostering entrepreneurial growth within Malawi. Be sure to have your documentation ready as you embark on this exciting opportunity!
District/Region Eligibility
To ensure that the SATCP Business Plan Competition benefits those within our targeted regions, eligibility is restricted to applicants who reside or operate within the 15 designated SATCP districts. This focus helps drive sustainable economic development within these specific areas by supporting local entrepreneurs who are directly impacted by the program’s initiatives. Applicants will be required to provide proof of residence or business operation within one of these districts to confirm eligibility. This geographical focus ensures that the competition supports growth and innovation where it is most needed.
Business Eligibility
For the SATCP Business Plan Competition, business eligibility is categorized based on size and capacity. Micro enterprises in Malawi, defined as those with up to four employees, an annual turnover of up to approximately USD 5,000, and maximum assets of around USD 100,000, are eligible to apply for grants ranging from USD 5,000 to USD 15,000. Small enterprises, which employ between 5 and 20 people, have an annual turnover between USD 5,000 and USD 50,000, and maximum assets of USD 200,000, can apply for grants between USD 15,000 and USD 25,000. These grants are designed to support the growth and sustainability of businesses within these categories.
Now that you have all the details, it’s time to take action! Don’t miss out on the opportunity to bring your business idea to life through the SATCP Business Plan Competition. Submit your application, refine your business plan with the resources provided, and be one step closer to gaining valuable support, mentorship, and funding. This is your moment to shine—apply now and turn your vision into reality!