Facility for Energy Inclusion (FEI) – Direct Company Loans
Debt financing platform managed by Cygnum Capital for the African Development Bank, offering flexible loans for renewable energy and clean energy projects…

GrantPilot does not give out this funding; Formidable does. We help you find it, check it is real and get ready to apply.
Formidable connects early-revenue Ethiopian startups with active African investors, placing your company in front of capital-ready funds. Apply free in 15 minutes; you'll get a VerifiedScore within 20 days and direct investor introductions if selected.
A curated pipeline that matches early‑stage Ethiopian startups with active investors. Open to seed‑stage companies with early revenue seeking $10K‑$2M funding.
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Registered Ethiopian company, seed stage, early revenue or strong traction, seeking $10K‑$2M, tech‑enabled scalable business.
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Every application is read by a person — no automated rejections. Formidable evaluates your startup across five dimensions and assigns you a VerifiedScore, which investors see before your full profile. If selected, you are then matched with investors who are actively deploying capital in Africa right now, not a broad list. The first cohort is limited to 100 startups.
What reviewers look for
No. The application is free and takes about 15 minutes.
No. Formidable takes no equity and charges no fees at this stage.
You will hear back within 48 hours of submission. If selected, your VerifiedScore evaluation begins immediately. The official response time promise is 20 days.
Strong traction without revenue can qualify, but you must be registered in Ethiopia and at seed stage. Describe your traction metrics (users, signups, downloads, partnerships) in the application.
No. The minimum raise Formidable matches is $10,000 USD.
Guide written from the official programme page on 1 November 2026. Funders change their rules, so confirm the details on the official page before you apply.
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