- Must be a business registered in Malawi and/or in the process of registration
- Should have a product or service on the market.
- Must be a start-up or post-revenue company.
- Demonstrate capacity and dedication to scale the business and demonstrate sound financial performance/ practices.
- Deliver products, services, and business models that create jobs within the community.
- Have the founder(s) full-time involved in the business or plan to be full-time in the next 6 months.
- Innovative and want to scale their business.
- The business has an ambitious and dedicated team. All Applicants are required to obtain a valid DUN and Bradstreet Universal System (DUNs) number. mHub will assist all applicants in obtaining the DUNs number. Awards will not be issued until the conditions are met.
- The business must be based in the following districts and or in proximity to the stated forest reserves: Lilongwe (Dzalanyama forest reserve); Dedza (Mua-Livulezi, Dedza-Salima Escarpment, and Dzalanyama forest reserves), Salima (Thuma and Dedza-Salima Escarpment); Mzimba (Perekezi and Bunganya forest reserves); Mzuzu and Nkhata Bay (Kaning’ina forest reserve)
- The business should align with the forest-friendly and landscape restoration sector.
- Demonstrate social impact to the community.
- Able to mitigate forest impacts (e.g., deforestation and degradation) by reducing unsustainable harvesting
(especially for charcoal) through the business product(s).
- Friendly Forest Enterprises are enterprises with the potential to mitigate forest impacts (deforestation and
degradation) by reducing unsustainable harvesting, can achieve impact at scale through incentives, innovations
and investment and build inclusivity through increased livelihood, employment and income
generating opportunities including for women and the youth.
- Product-market fit.
- Ability and potential for the business to scale.
- Must have an existing or demonstrate the willingness to display a working business structure and financial
system in their business Degree of innovation/differentiation.
- Achieve impact at scale, through improved incentives, innovations, and investment (and supported by
- Build inclusivity through increased livelihood, employment, and income-generating opportunities for
the community—Especially for women and youth.
- Ability to rightly absorb and deploy the co-financing and other forms of financing (Note: This may not
be applicable to new entrants)
- Openness and eagerness to receive external input into the business (incl. investors, mentors, business support specialists etc.)