ASPIRE Coronation Trust Foundation (ACT) has announced the opening of its yearly grant cycle for non-profit organisations and social enterprises.

For the 2023 grant cycle, ACT Foundation said it would welcome advanced, next-generation social entrepreneurs and community leaders that would build ventures of impactful and scalable innovations within the Foundation’s key focus areas: Health, entrepreneurship, environment, and leadership.

“Successful applicants will be invited to submit proposals with a detailed grant budget. After a thorough review by independent consultants and a final selection of the proposals, organisations will be formally notified of the next steps,” the Foundation stated.

Speaking on the grant, the Chief Executive Officer of ACT Foundation, Osayi Alile, said: “ACT Foundation is demonstrating its commitment to unleashing the potential of young African entrepreneurs, the key to Africa’s long-term economic transformation.”

There are various challenges across the continent, and with the 2023 grant cycle, we aim to unearth innovations that will break the cycle of poverty, weak health systems, low-quality education, climate change and economic inequality in Africa.”