Sage Foundation launches $1m Enterprise Fund

Johannesburg - Integrated accounting, payroll & HR, and payment systems company Sage has launched the Sage Foundation’s Enterprise Fund.

The new $1m fund is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women and girls.

Sage Foundation’s Enterprise Fund has been designed to support those organisations generate further income, create new initiatives or enhance existing and proven activity.

The $1m will be split between two rounds of $500,000, with the second round ready for release in July 2017. Applications for the first round are open until April 5 - grants between $5 000 and $35 000 will then be awarded to successful applicants.    

Sage Foundation is especially keen to support organisations that are currently small but have ambitions to expand, grow and deliver sustainable change. It is also hoped that the fund will support needs such as; capital projects, core running costs or new innovations.

At the Sage Summit Tour in Johannesburg from 7 to 9 March this year, Sage will update delegates about how the Sage Foundation is making a difference for communities and non-profit organisations across Africa with its approach to social investment. It will also disclose how the Enterprise Fund will benefit the region’s charities.