Cities and people benefit greatly from social entrepreneurship. This is because it is not profit-driven but impact-driven. West Africa is a world region with a high propensity for social entrepreneurship. However, many economic, cultural and political challenges hinder the progress of many in the marketplace. To prioritise financial investment for generating positive socio-environmental impact, an initiative tagged Healing Space Fund was set up by the Penumbra Space Foundation (PSF) directly related to the African Contemporary Institute of Design (ACID).

Inaugurated to finance and facilitate the development of startups aiming to improve the physical and social well-being of conflict-affected and vulnerable persons and prevent exposure to violent situations, this initiative will support valuable work and ideas across West Africa. Free professional services, including legal, commercial, and entrepreneurial advice will be provided to the selected awardees who continue to practice despite tough government policies and limited funding opportunities. This will encourage growth and augment direct impact in their communities per the HSF’s objectives.

To be eligible for the HSF, applicants should be above 18 and own a start-up either at the conceptual stage or an existing business with a strong potential to help victims of social or domestic abuse and conflict in rural, peri-urban or urban regions in West Africa. Start-ups in clinical psychology, sports, art, science, public health and closely related fields may apply. Applicants need to have a minimum of three years of work experience and are expected to work for a maximum of 20 hours weekly. Formal education and the ability to communicate in English language are not required. Although applications are particularly welcome from female-owned startups during this first phase, all genders are encouraged to apply.

To learn more about the Healing Space Fund, and to submit an application, click here: The Penumbra Space Foundation