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Unlock your SME's Potential to Scale
MEST Scale is a venture acceleration program designed by MEST, in partnership with the Mastercard Foundation, to help Small and Growing Businesses strengthen their operations, address key technology gaps and increase their ability and capacity to scale their growth.
Duration – 4 Months
Company leaders engage with MEST Scale team to create or enhance their strategic plans for scaling. The company will also identify the types of technology enhancement that would be helpful for their scaling objectives.
Objectives – Ensure SMEs have;
Duration – 8 Months
Specialists will hold sessions with leaders at their companies to help address key challenges identified during the diagnosis phase. This phase will include technology consulting as well as bespoke consultative services to resolve business management inefficiencies and technology gaps.
Objectives: Help SMEs to improve on their scale readiness by addressing the key technology gap and significant operational gaps.
Duration – 6 to 36 Months
The company implements its scaling plan. Continued support from MEST may take the form of financial linkages, advisory support, and other partnering roles.
Objectives: Establishing the scale project operation and financial plan, Implementing a scale pilot, and embarking on their scale project.
September 15, 2021 – Call for Expression of Interest opens
October 18, 2021 – Call for Expression of Interest closes
November 19, 2021 – Selected ventures announced
December 2021 – Program starts
December 2021 – March 2022 – Phase 1: Scale Diagnostic and Strategy (4 Months)
April 2022 – November 2022 – Phase 2: Bespoke Scale Preparation (8 Months)
December 2022 – Phase 3: Implementation (variable 6-36 Months)