Congratulations to the newly selected ADM III Awardees! Fourteen U.S.-based Entrepreneurs were honored and awarded grant packages by African Diaspora Marketplace (ADM) III, for their innovative ideas and approaches to promote economic growth in eight countries in sub-Saharan Africa under collaboration between the United States Agency for International Development (USAID) and the Western Union Company.
The 14 U.S.-based entrepreneurs, selected from more than 400 that submitted business plans for consideration, were presented with one of three levels of award packages that included matching grants, technical assistance from Deloitte, start-up grants to fund their endeavors and airfare from Ethiopian Airlines at the African Business Expo and Awards Ceremony held at the Silver Spring Civic Building on September 16, 2015.
Seven companies won top honors and received an award package valued at $50,000, including a $30,000 matching cash grant, technical assistance provided by Deloitte Consulting and round-trip airfare to Africa provided by Ethiopian Airlines. These recipients included:
* Actuel Urban Living PLC
* First Atlantic Semiconductors and Microelectronics
* Hello Tractor, Inc.
* MLT Consultants Namibia
* NextGen Solar Cape Verde, Unipessoal, LDA
* Zalli Foods
The other companies were awarded a combination of technical assistance from Deloitte and round-trip airfare to Africa provided by Ethiopian Airlines. These recipients included:
* African Renewable Energy Distributor
* Brundo International PLC,
* Mbeng Adio Mushroom Farm,
* Tastemakers Africa
* African Biosciences
* Silver Jacks Enterprise
* Ethio Recycling PLC (received $10,000 and technical assistance)
Launched in 2009, ADM is one of the few public-private initiatives to harness the knowledge and resources of U.S.-based African diaspora and other entrepreneurs to generate economic opportunity and advance the ability of small and medium-sized enterprises (SMEs) to obtain capital. ADM III takes total awardees to 48, with more than 1,600 participants receiving business training throughout the program.