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FULLY FUNDED: Apply for the SME Growth Accelerator

Applications are open for the SME Growth Accelerator, an initiative designed to support high-potential small and medium-sized enterprises (SMEs) across emerging markets. The programme provides grant funding alongside technical assistance, mentorship, business networking opportunities, and access to potential follow-on financing. It aims to help businesses scale their operations, expand into new markets, strengthen their competitiveness, and create quality employment opportunities while promoting sustainable and inclusive economic growth.

The programme supports ambitious businesses that are ready to grow and make a lasting impact within their industries. Funding can be used to strengthen business operations, improve productivity, invest in technology, and support projects that align with environmental and social sustainability objectives. Selected enterprises will also benefit from expert guidance and connections that can accelerate long-term growth. (IFC Grants⁠)

Additional Information

Host Institution
International Finance Corporation (IFC), a member of the World Bank Group. (IFC Grants⁠)
Program Type
Fully Funded
Program Benefits
Successful applicants may receive grant funding ranging from USD 50,000 to USD 1.5 million. In addition to financial support, participants will gain access to mentorship, technical assistance, business development support, networking opportunities, and potential follow-on financing. Funding may be used for working capital, pilot projects, climate and ESG-related investments, market research, feasibility studies, equipment and technology procurement, capacity building, and monitoring and evaluation activities that contribute to sustainable business growth. (IFC Grants⁠)
Eligibility Criteria
Applicants must be for-profit small and medium-sized enterprises operating in eligible emerging markets. Eligible businesses should employ between 10 and 250 people and have verified annual revenues ranging from USD 250,000 to USD 10 million. Applicants should demonstrate strong growth potential and present a clear plan showing how the requested funding will support business expansion, job creation, and sustainable development. The programme is intended for enterprises seeking to scale their operations and increase their impact. (IFC Grants⁠)
Eligible Countries
The programme is open to eligible SMEs located across Africa, Asia, and Latin America. Businesses from these regions that meet the programme’s eligibility requirements are encouraged to apply. (IFC Grants⁠)
Application Procedure
Click the official link below to apply for this opportunity

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