KIEP 250+ aims to increase productivity, innovation and enhance market linkages within established Kenyan SMEs. This will be through grant funding to select firms to improve their managerial and technical skills, and their access to and use of technology. The first Call for Applications (CFA) officially launched on the 20th November and will close on 18th December 2020.
The following are the eligibility criteria for the SMEs:
- Be nominated to the project by a lead firm, financial institutions or other 3rd parties (e.g. business association)
- Must have an annual turnover of between KES 50 million and 1 billion (this can be of the previous financial year or an average annual turnover of previous 3 years)
- Be duly registered in Kenya
- Be at least 2 years old
- Should not be insolvent
- Must have audited accounts
- Must be tax compliant
- Management must be committed to participating in the program
Priority will be given to SMEs in the Big 4 sectors (manufacturing, food security, healthcare and affordable housing), plus possibly supporting demand creation through ICT, hospitality and education sectors.
Woman/women-owned and/or led businesses are encouraged to apply.
About KIEP 250 +
KIEP is a US$50 million initiative that is implemented by the Ministry of Industrialization, Trade and Enterprise Development (MoITED) between 2020-2024, with support from the World Bank. The initiative consists of different components.
We refer to Component 2 of the project as KIEP 250+. The name symbolizes the 250 companies that will benefit from business improvement, technical assistance and market linkage services that KIEP provides to fast-growing (eligible) SMEs.
KIEP 250+ is managed by a consortium of international consulting firms led by NIRAS as the Fund Manager and implementing party supported by Intellecap.
KIEP 250+ SME Applicants Virtual Workshop – 9th Dec 2020. 9:00AM
KIEP 250+ will be holding an SME Applicants Workshop on Wednesday, the 9th December from 09:00am- 10:30am. This virtual workshop will provide additional insights on KIEP 250+ and give SMEs an opportunity to ask any questions that they might have on the Call for Application. SMEs can register for the event at https://forms.gle/x478e6DJQ1G6t6fW7.
KIEP 250+ aims to increase productivity, innovation and enhance market linkages within established Kenyan SMEs. This is by supporting selected SMEs improve their managerial and technical skills and their access to and use of technology, in order to significantly increase operational competitiveness. SMEs can access the online application at https://kiep250plus.co.ke/. The deadline for the receipt of applications for the first cohort is Friday 18th December 2020.
Questions on the application form can be sent to Kiep250@niras.com.