The Japan International Cooperation Agency (JICA), National Board for Small Scale Industries (NBSSI), and Accra Digital Centre (ADC) have announced the launch of the NINJA Business Plan Competition for businesses emerging during the COVID-19 outbreak. NINJA is short for Next Innovation with Japan; the project was launched this year.
The NINJA Business Plan Competition will target startups and organizations from 19 African countries including Ghana (the details are described below). The application is open for startups/organizations in all sectors with a specific focus on emerging businesses in COVID-19-related fields including, but not limited to:
- Health: Online healthcare support; disease-testing solutions; medical data sharing and privacy protection solutions; distribution of drugs and medical equipment; IoT, including 3D printers, in the medical field
- Disaster management: Geo-tracking during disasters; emergency information dissemination
- Business services: Support for remote workers; efficient management/operation of online events
- Education sector: Remote learning support
- Food and agriculture: Efficient food/commodity distribution technology
- Finance: Contactless transactions/payment; lending/insurance services to SMEs and individuals
- Logistics: delivery service, urban mobility management
- Other: Substituting imported goods with local innovative technology
- The proposal should introduce some level of innovation in terms of a business model, a new product or service that can be more actively used, and/or profitability in the current and post COVID-19 era.
- Proposals should be as commercially-oriented as possible.
- JICA will cover the budget of the activities up to USD 30,000. The use of proceeds will cover costs associated with the proposed activities including, 1) remuneration of staff, 2) other expenses, and 3) indirect local tax.
- JICA’s finance is not equity nor debt, and applicants will be required to sign the contract between JICA Ghana office. However, successful applicants will be obliged to report the progress of their activities, by which JICA will make disbursement. Submission of accounting documents will be required upon the payment.
- JICA may establish an evaluation board with outside evaluators experts under strict confidentiality to evaluate proposals.
To take part in JICA’s NINJA Business Plan Competition, startups must:
- Have their head office or a branch in one of the target countries.
- Be a profit/non-profit organization registered as an independent legal entity. Proposals from individuals will not be considered.
- Have a very strong management team of at least 2 people.
- Have an innovative product(s) or service(s) in response to the Pandemic and post-pandemic society, or have a feasible business plan to create prototypes (MVP).
- Burkina Faso
- Côte d’Ivoire
- South Africa
- Application deadline: 6th – 29th July 2020 (First-come, first-reviewed base)
- Interview of selected startups: Late August- Early September 2020
- Final selection: September 2020
- Contract with JICA
Note: JICA will request the startups invited to be interviewed online to submit additional documents/a pitch deck if necessary.
Contract with JICA
- When applying, each company is to submit a business plan with the Key Performance Indicators (KPIs) that can be achieved within about 6 months.
- Before the contract, JICA examines the details of the proposed activity and the validity of the budget (each expense item) and JICA may request additional documents to determine the detailed activity in the contract.
- After the contract is signed, startups/organizations must submit monthly reports about the KPIs to JICA. (The duration of the contract will be about 6 months.)
- JICA will make payments based on the progress of the proposed activities and the submission of the progress reports and the expense report with receipt.
- The payment schedule will be determined by JICA, and in principle, no advance payment at the commencement of the contract.
- Monitoring and site visits to awardees by representatives of the selection committee
JICA’s consideration of the follow-up support related to this competition
- A final competition among the successful applicants from each country
- Matching events to connect the successful applicants with investors/business partners
- A visit to Japan, as a part of investment/business matching
ATTRACTIVE AWARDS UP TO $30,000
HOW TO APPLY
To apply for the NINJA Business Plan Competition, please CLICK HERE TO ACCESS FORMS AND APPLY
For any queries about the competition, please get in touch with us at the following email address: [email protected]
DEADLINE: 29th July 2020
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