The Powering Livelihoods jury will select enterprises for the initiative on the basis of parameters such as innovation, business model feasibility, scalability, social impact, human resources, and product development stage. Further, Powering Livelihoods will meet the unique needs of each selected enterprise through dedicated financial, technical, and sectoral growth support.
Capital support
Support of up to USD 250,000 to bridge the gaps faced by the enterprise at commercialisation stage. It is not intended to cover regular business expenses, but is aimed at driving commercial deployments at scale.
Product enhancements for commercial deployment
Deployment design costs
Manufacturing subsidy (bridging the gap to volume pricing)
Service network one time set up costs
Marketing and outreach costs
Training costs (both personnel and customers)
Capacity building support
Up to USD 100,000 worth of technical assistance to bridge enterprise specific need gaps, and delivered through strategic partnerships.
Business model development/fine - tuning (including unit economics)
Financial modelling
HR: talent search and development
Leadership development
Legal and compliance
Intellectual property management
Fund raising
Capacity building support
Up to USD 100,000 worth of technical assistance to bridge enterprise specific need gaps, and delivered through strategic partnerships.
Sectoral growth support
Up to USD 100,000 worth of sectoral growth support to generate knowledge and evidence to unlock support at the sectoral level. Showcasing and leveraging enterprise success to drive sectoral growth.
Market assessment for the appliance category linked to the cohort enterprises
Evidence generation from commercial deployment
Policy assessment for the appliance category linked to the cohort enterprises
Evidence-based sectoral engagements
Enterprise Journey
(all numbers are indicative)
Captial support
Conditions precedent
Timeline
Onboarded enterprise
Deployments: 50 - 100 per quarter
Annual revenue: USD 30k – 60k
Operating in one geographic region.
Entry with field-tested technology
$40,000
Due diligence completed
All requested documents submitted
Kick-off
Streamlined business-model
$75,000
Detailed 3-year business plan and financial model
10% deployment completed
Component manufacturer on-boarded
Go-To-Market/market linkage established
One key hire done
6 months
Commercial traction
$50,000
40% deployment completed
Cumulative revenue USD 75k
Metrics collection mechanism set up and operationalised
All hiring completed
12 months
Deployment at scale
$50,000
100% deployment completed
At least USD 150k revenue realised
First set of project & impact metrics submitted
Strong interest from at least one each of equity and debt funder
18 months
Investible and rapidly growing business
$35,000
At least 400+ leveraged sales per quarter as part of commercial deployment, with a revenues of USD 250k
