Grant-preneurship explosion in Africa.
"Grant preneurship" is a term referring to entrepreneurs who build their business model around continually seeking and securing grants for funding rather than focusing solely on commercial revenue or traditional investment (debt or equity financing).
Here is information on the nature of grants, their advantages, and common sources for entrepreneurs:
Understanding Entrepreneurship Grants
No Repayment Obligation: The primary benefit of grants is that they do not need to be repaid, which allows business owners to focus on growth and innovation without the pressure of debt.
Additional Support: Beyond money, many grant programs provide valuable resources such as mentorship, networking opportunities, and access to incubator programs that offer training in business skills like financial management and marketing.
Focus on Impact: Many grants, particularly from non-profit and government sources, prioritize projects that demonstrate a clear social or environmental impact, address specific community needs, or promote economic development in underserved areas.
