If your company is successful during this initial assessment you will be invited by MICF to the second stage, to develop and submit a full proposal. This will be a much more detailed document stating:
- activities and timelines with respect to what you propose to do;
- how this new business idea fits into your existing business / business model and how it will be commercially viable;
- how it will impact on the poor and on exports;
- what other partners if any will participate with your firm and the roles each will play;
- how progress towards implementation will be monitored; and
- a detailed financing plan to understand how costs will be shared between your consortium and MICF.
The MICF team will invite successful applicants to a full-day workshop, to be held in both Blantyre and Lilongwe, to brief your firm on how to submit your proposal, and answer any points of clarification that you may have. At the workshop your firm will also be provided with a proposal form, detailed guidelines for completing it, and deadlines for completing the form.
As part of the process to support the Investment Panel in their selection of grantees, the MICF Team will visit each company to carry out basic due diligence assessments. The proposals and MICF due diligence reports will be presented to the investment panel for their final selection.