81270651 — Framework Agreement GET.invest ‘Finance Readiness Support’

The GET.invest Finance Readiness Support (FSR) — herein referred to as ‘the Assignment’ — will provide direct one-to-one advisory and coaching support to access finance for earlier-stage (i.e. pre-series A) local decentral renewable energy enterprises in sub-Saharan Africa (SSA) in its pilot phase. GET.invest seeks to empower a currently underserved segment of local market players by providing free access to top tier advisory and coaching services in the market. These local players are critical for the long-term sustainability of the sector. They present opportunities for venture partnerships with other players and they generate jobs at the local level and contribute to overall economic growth. Access to finance remains a major challenge for the majority of earlier-stage enterprises. Financiers continue to launch innovated solutions around catalytic financing but the enterprises require considerable support to become ready for such investments - whether debt or equity. Issues around understanding and speaking the investor terminology, understanding how and if to scale and when, financial management and capital expenditure planning, human resource management, operations optimisation, customer management, etc. are some of the areas where support is needed. In its first pilot, the GET.invest FSR will serve all business models offering electricity access or cooking solutions based on renewable energy in addition to models around productive use of renewable energy (i.e., solar irrigation, solar cool chains, etc). It is also possible to support business models in ‘adjacent sectors’ such as mobility (i.e., electric motorbikes). This tender concerns setting up a framework contract with up to eight consulting firms fully focused on coaching and advisory services towards access to finance for enterprises in SSA, with demonstrated experience in supporting small-scale, decentralised renewable energy businesses pre-series A access finance. Through the framework agreement, GET.invest would be able to scale up its services and leverage the deep market knowledge of the resulting poor members.