Frequently Asked Questions
What qualifies as a “social impact mission”?
Does your business seek to offer solutions to important developmental challenges in your country/region, such as access to clean water, food, healthcare, and education? Do you seek to grow your business and increase local job opportunities? Do you intend to increase the level of female staff, especially in management?
If you can answer “yes” to any of these questions, then your business has a social impact mission.
Are you looking for SMEs with a technology focus?
ASBC likes tech-enabled business models, but the program’s focus is not on digital/IT or fintech sectors and ASBC does not require that applicants have a technology-based business.
We have been in business for several years. Can we still qualify as “early stage”?
If you have a great idea, a strong team, and strong potential impact, but have been struggling for some time to reach the next level, you may still be a good candidate for ASBC.
What makes a strong application?
- Strong and motivated team
- Compelling impact story, measurable impact
- Clear understanding of market and market potential
- Business model that is beyond proof-of-concept and enjoying growing uptake in the market
- Strong founding shareholders and like-minded partners