Applications have opened for the New Economy Accelerator (NEA) programme, a platform that aims to activate local economies in South Africa to build an inclusive and prosperous society.
The programme is open to scalable businesses in various sectors such as food, transport, energy, water, transport, and housing and information technology. According to the organisers, preference will be given to enterprises that have incorporated the following new economy principles in their business models: Innovative forms of ownership, alternative forms of exchange and distribution of goods and services, focus on community upliftment, environmental sustainability.
It will run from October 1 2015 until April 30 2016, and businesses that serve the low-income sector (base of the pyramid), with a high social and environmental impact are expected to apply not later than August 17.
The NEA is coordinated by AfriCGE as the African partner of a global movement, and aims to support 50 new economy initiatives over the next three years.