Transforming entrepreneurs’ lives
Accelerate Prosperity is a new initiative of the Aga Khan Development Network (AKDN) in Central and South Asia and provides technical expertise, creative financing solutions and market connections for small and growing businesses.
Started in 2016 as a joint initiative of the Aga Khan Foundation (AKF) and the Aga Khan Fund for Economic Development’s Industrial Promotion Services (AKFED IPS), we inspire entrepreneurship, support the creation of innovative business models, coach promising entrepreneurs, create networks and mentorship opportunities, and accelerate business growth.
How We Work
Who you will work with
Coaching: Access leading experts and entrepreneurs who will help you grow and market your business and guide you in reaching your strategic milestones
Exclusive 1:1 mentoring sessions with high-calibre experts in marketing, fundraising, product development, pipeline management, financial modeling and more.
An Investment Analyst dedicated to supporting your company’s weekly growth needs and requests.
Capital: Access to SME funds, banks and professional impact investors and donors for funding and pitching opportunities.
Exclusive 1:1 technical support to help you prepare your best pitch deck and navigate investment opportunities
Exposure to new funding opportunities at regional trade events and investor forums
Leadership: Accelerate Prosperity is governed by an Advisory Committee that provides overall strategic direction. This includes establishing Accelerate Prosperity’s mandate, approving its mission and vision, reviewing and approving its local governance structures and composition.
The Advisory Committee appoints Accelerate Prosperity’s Executive Committee to provide regular oversight of and support to Accelerate Prosperity management and operations. The Executive Committee ensures that Accelerate Prosperity remains true to its mandate, mission and vision. It acts as a sounding board for Accelerate Prosperity country managers to raise strategic issues.
Accelerate Prosperity is a new initiative of the Aga Khan Development Network (AKDN) in Central and South Asia. In areas where there are few economic opportunities for small businesses, Accelerate Prosperity provides a formal structure to support and catalyze enterprises by providing “patient capital” and tailored business advice to startups and existing businesses. Accelerate Prosperity seeks to inspire grassroots-level entrepreneurship—offering lean startup incubation, facilitating mentorship from industry leaders, and creating links to seed and growth financing.
Since 2016, Accelerate Prosperity has been implemented in Tajikistan, Pakistan and Kyrgyzstan with plans to launch in Afghanistan in 2021. Accelerate Prosperity is gaining business expertise in these geographies and has built a network of mentors in the most promising industries, including commercial services, agri-business, tourism, ICT and textiles.
As of March 2020, AP has received over 10,000 applications from entrepreneurs to enter its incubation and acceleration programmes: 744 of these entrepreneurs have accessed intensive incubation and business model planning; 284 have been prepared for growth investments; and 126 are financing recipients of about US $17,250 on average, half of which has been secured as non-AP private capital, mostly from local (but also foreign) investors, as well as from local banks, including AKDN’s financial institutions. These 126 financed businesses have in turn created over 600 new fulltime jobs directly, almost half by women, and benefited tens-of-thousands along their value chains.
Country Board of Directors
The Board of Directors of Accelerate Prosperity provides in-country operational guidance and oversight. The Board of Directors ensures that Accelerate Prosperity remains true to its mandate and mission and is fit-for-purpose to achieve its vision in the country.