bizap-ann2003 - DHI

In line with the mandate to "promote and encourage entrepreneurship and business development through venture capital and other required institutional support", DHI has been generally supporting Entrepreneurship through the DHI Business Acceleration Program (DHI BizAP). 

The ongoing COVID-19 situation has impacted economic activities in the country in various ways. The disruption and constraints also present opportunities for innovation and enterprise. DHI invites proposals from Entrepreneurs for financing of businesses from entrepreneurs under the Cottage and Small Industry Scale for DHI Business Acceleration Fund support with the following terms;

    i.        Maximum Financing     : Nu. 500,000

    ii.       Collateral                     : No requirement

   iii.        Administrative charges   : 5% per annum

   iv.        Repayment Term          : Maximum of 5 Years

DHI encourages proposals especially targeted towards addressing the constraints posed by the present COVID situation. Shortlisted entrepreneurs will pitch to the DHI Business Acceleration Fund Panel to secure the funding. Please submit your application before the 9^th May 2022 by 5 PM.

How to Apply?

1. Businesses must fall under the Cottage and Small Industry category (any business with less than total Nu.10 Million) to apply.
2. Business must have a valid Business License in applicant's name.
3. Download and fill the Application Form.
4. Submit the following required documents:

a.       DHI Business Acceleration Fund Application Form (Download)

b.       Business Proposal (Annexure I)

c.       Copy of valid Citizenship Identity Card.

d.       Two professional recommendations/ customer testimonials (Annexure II)

e.       Copy of CV of the entrepreneur and team members.

f.        One recent Passport size photograph of the entrepreneur.

g.       Copy of valid business license

h.       Copy of online CIB report (credit history) to be sent to DHI via CIB.

i.         Valid online security clearance certificate.

j.         For entrepreneurs with existing businesses:

·      Current account statement of the business for the past 2 years

·      A recent tax clearance certificate from the Department of Revenue and Customs.

Annexure I: Business Proposal Template

Annexure II: Professional Recommendation or Customer Testimonial Template

5. Either email the filled application form with other supporting documents to dhibizap@dhi.bt OR submit it to Enterprise Development Unit, DHI during office hours.

Note:

1. Applicants are advised to read and ensure they fully understand all related instructions before completing the application form.

2. Applicants are to note that submission of incomplete documents may result in application not being processed.

For any Clarification: Please contact 336257/58 Ext- 148 during office hours or email us at dhibizap@dhi.bt.