JICA NINJA Business Plan Competition- The Japan International Cooperation Agency (JICA), the agency that coordinates official development assistance for the Japanese Government in developing countries, has announced the launch of the NINJA Business Plan Competition for businesses emerging during the COVID-19 outbreak. NINJA is short for Next Innovation with Japan; the project was launched this year.
The NINJA Business Plan Competition will target startups and organizations from 19 African countries (the details are described below). The application is open for startups/organizations in all sectors with a specific focus on emerging businesses in COVID-19-related fields including, but not limited to:
- Health: Online healthcare support; disease-testing solutions; medical data sharing and privacy protection solutions; distribution of drugs and medical equipment; IoT, including 3D printers, in the medical field
- Disaster management: Geo-tracking during disasters; emergency information dissemination
- Business services: Support for remote workers; efficient management/operation of online events
- Education sector: Remote learning support
- Food and agriculture: Efficient food/commodity distribution technology
- Finance: Contactless transactions/payment; lending/insurance services to SMEs and individuals
- Logistics: delivery service, urban mobility management
- Other: Substituting imported goods with local innovative technology
- The proposal should introduce some level of innovation in terms of a business model, a new product or service that can be more actively used, and/or profitability in the current and post COVID-19 era.
- JICA’s finance is not equity nor debt. However, successful applicants will be obliged to report the progress of their activities, by which JICA will make disbursement.
- JICA shall establish an evaluation board with outside evaluators experts under strict confidentiality to evaluate proposals.
- Proposals should be as commercially-oriented as possible.
- JICA shall cover the budget of the activities up to USD 30,000. The use of proceed will cover costs associated with the proposed activities including, 1) remuneration of staffs, 2) other expenses, and 3) indirect local tax.
To take part in JICA’s NINJA Business Plan Competition, startups must:
- Have their head office or a branch in one of the target countries.
- Be a profit/non-profit organization registered as an independent legal entity. Proposals from individuals will not be considered.
- Have a very strong management team of at least 2 people.
- Have innovative product(s) or service(s) in response or adoptable to the Pandemic and post-Pandemic society OR have a feasible business plan to create prototypes (MVP).
Eligible Countries For JICA NINJA Business Plan Competition
- Burkina Faso
- Côte d’Ivoire
- South Africa
- Application deadline: Wednesday 29th July 2020 (First-come, first-reviewed base)
- Interview of selected startups: Mid-Late August 2020
- Final selection: September, 2020
- Contract with JICA: Around October 2020
How To Apply For JICA NINJA Business Plan Competition
Note: JICA will request the selected startups to be interviewed online to submit additional documents/a pitch deck if necessary.
Contract with JICA
- When applying, each company is to submit a business plan with the Key Performance Indicators (KPIs) that can be achieved within about 6 months.
- After the contract is signed, startups/organizations must submit monthly reports about the KPIs to JICA. (The duration of the contract will be about 6 months.)
- JICA will make payments based on the progress of the proposed activities and the submission of the progress reports and/or the expense report with receipt.
- The payment schedule will be determined by JICA, and in principle, no advance payment at the commencement of the contract.
- Before the contract, JICA examines the details of the proposed activity and the validity of the budget (each expense item) and JICA may request the additional documents to determine the detailed activity in the contract.
JICA’s consideration about the follow-up support related to this competition
- A final competition among the successful applicants from each country
- Matching events to connect the successful applicants with investors/business partners
- Visit to Japan, as a part of investment/business matching
To apply for the NINJA Business Plan Competition, please click https://forms.gle/8E5RQuchUsU5P8Jt7
For any queries about the competition, please get in touch with us at the following email address: [email protected]
For More Information:
Wednesday 29th July 2020
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