​FAQs about the Economic Growth Accelerator (EGA)

• ​​What is an Accelerator?​ ​A business accelerator is a programme that gives developing businesses access to mentorship, investors and other support that helps them become stable, self-sufficient businesses.
• When do I apply?

​ Applications are currently open, and you can access the application form here. Please note that only online applications are being considered and the deadline is 2 July 2021.

• What is the timeline/application window?

The Economic Growth Accelerator application window commences on 14 June 2021 and closes on 2 July 2021.

• I am an entrepreneur interested in the accelerator, but I do not know if my business is eligible under the SMME or Venture track. How do I know this?

The SMME Track focuses on steady growth companies, in established STEM markets. It is an opportunity to support the growth of the company, unlock its potential and hire more people within its growth trajectory.
 
The Venture Track is designed for women founders of potential high growth ventures. It is designed for early-stage founders who already have a prototype or product and are looking to scale with venture support.

• Do I need to be South African to qualify?

Yes, the programme is focused on South African women entrepreneurs.

• How long must the company be operating to be considered?

The duration of the company's operation is not being considered i.e., there is no limitation.

• Do I need to be an entrepreneur in a specific business sector to apply?

No. We are inviting all passionate South African women entrepreneurs and business owners. We are interested in entrepreneurs with businesses in STEM.

• How will my business’ progress be monitored and measured?

The programme will provide you two (2) to five (5) hours of virtual support a month tailored to your business needs. We will also require progress reports on your business in month six (6) and nine (9) of the programme to assess your business development.

• How long does the development period take?

SMMEs and Start-ups within the Economic Growth Accelerator programme will undergo a 12-month period of development.

• How will I be advised about the status of my application?

Applicants will be provided timely communication on the status of their application at every stage of the application process. All applications will be screened and shortlisted using WomHub’s criteria.  by an expert panel.

• I am currently a student; can I still apply to the Economic Growth Accelerator?

Yes you may, as long as the eligibility criteria is met.