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Access the latest insights and trends in the blue economy industry. From competitively applying for the challenge fund to engaging new potential investors, our website has everything you need to stay on top of your game.
🚀 Bahari Boost Challenge Fund – Apply for Funding Today!
Are you a young entrepreneur in the Blue Economy looking to scale your business? The Bahari Boost Challenge Fund is here to support innovative, sustainable, and impact-driven businesses in Fisheries &Aquaculture, Culture, Tourism and Sports and Natural Resources, Environment & Circular Economy.
🏆 What’s in it for you?
✅ Access up to KES 650,000 in funding.
✅ Mentorship and business development support.
✅ A chance to connect with industry leaders and investors.
📢 Who Can Apply?
The fund is open to BlueBiz participants who are:
✔ Entrepreneurs working in sustainable fisheries, marine conservation, tourism, or blue innovation.
✔ Based in Mombasa, Kilifi, Kwale, Lamu, or Tana River counties.
✔ Passionate about growing their business and making a lasting impact in the Blue Economy.
📆 Application Process & Deadline
📝 Applications are open from April 1st 2025 - 30th April 2025 23:59 EAT. Apply early to increase your chances.
🔗 Apply Now: Click Here To Apply
🚀 Don’t miss this opportunity to boost your business and create lasting change in the Blue Economy!
Please note that Bahari Boost Challenge Fund is only eligible for BlueBiz Participants.
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This is often the first port of call for many small businesses seeking investment. Family and friends who believe in your business idea and trust your capabilities may be willing to provide financial support. This type of investment can be informal and flexible, with terms negotiated directly between the parties involved.
Chamas and Community Savings Groups offer a readily available and accessible financial resource for small business owners. The shared fund is used to provide loans or financial assistance to members, often with flexible terms and conditions compared to formal institutions. This flexibility makes them a good option for those with limited credit history.
MFIs specialize in microloans, which are small loans specifically designed to boost your small business. They also offer financial literacy programs and training sessions to help you manage your money and grow your business. Many MFIs are all about community development and social empowerment, making them attractive to investors who want to make a positive impact while earning a return.
Government programs offer financial aid like grants, loans, and subsidies. Plus, they hook you up with resources and training to level up your business skills. These programs are especially helpful for marginalized groups like youth, women, and local fishing communities.
NGOs and Development Partners are organisations that are all about helping the community. They're super into supporting things like sustainable fishing practices, women's groups, fish farming, and youth-led businesses. The best part is, they often give out grants, which is basically free money that you don't have to pay back.
Angel Investors are individuals with a high net worth who provide financial backing to small startups and early-stage businesses, typically in exchange for ownership equity or convertible debt. They are considered high-risk investors as they invest in ventures that may not have a proven track record.
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