Frequently Asked Questions (FAQ) about Project Submission

1.  Q: What types of projects are eligible for submission? 

   A: Eligible projects are those focused on energy and sustainability within Africa, having completed initial assessments, and demonstrating a clear business model and investor readiness.

2.  Q: What is the deadline for project submissions? 

   A: The deadline for submissions is specified in the initiative's official call for projects. Please check the website or contact us for the exact date.

3.  Q: Do we need to submit a physical copy of our documents? 

   A: No, all submissions should be made online through the initiative's submission portal. Physical copies are not required.

4.  Q: Can we submit more than one project? 

   A: Yes, you can submit multiple projects as long as each meets the eligibility criteria and is submitted separately with its own set of documents.

5.  Q: What happens after we submit our project? 

   A: After submission, your project will undergo a review process. If shortlisted, you may be invited for further discussions or to present your project to potential investors.

6.  Q: How will we know if our project has been selected? 

   A: You will be notified via email regarding the status of your project. Successful projects will also be announced on our website.

7.  Q: Are there any fees associated with project submission? 

   A: No, there are no submission fees. The initiative is free to apply for all eligible projects.

8.  Q: What support do you provide to selected projects? 

   A: Selected projects may receive support in the form of mentorship, access to investors, and potentially funding opportunities, depending on the initiative's offerings.

9.  Q: Can we make changes to our submission after it has been sent? 

   A: Once submitted, projects cannot be altered. Ensure all information is accurate and complete before submission.

10.  Q: How will potential investors be introduced to our project? 

    A: If selected, the Prometheus Initiative will arrange online pitching sessions and provide a platform for you to present your project to interested investors.

11.  Q: What is the role of the initiative in our project after it is selected? 

    A: The initiative acts as a facilitator, providing support, networking opportunities, and potentially resources to help your project succeed.

12.  Q: Are there any restrictions on the use of funds if we receive investment through the initiative? 

    A: Any funds received should be used in alignment with the project's stated objectives and business plan. Specific restrictions will be detailed in the investment agreement.

13.  Q: How can we ensure our project stands out during the selection process? 

    A: Highlight the uniqueness of your project, its social and environmental impact, and the strength of your team and business model.

14.  Q: Can we get feedback if our project is not selected? 

    A: Due to the volume of submissions, we may not be able to provide individual feedback. However, we encourage you to review the selection criteria and consider reapplying in future rounds.

15.  Q: What is the initiative's policy on data privacy regarding our project information? 

    A: The initiative respects the confidentiality of all project information and adheres to data protection regulations. Your data will be used solely for the purpose of the initiative.

12.  Q: Are there any restrictions on the use of funds if we receive investment through the initiative? 

    A: Any funds received should be used in alignment with the project's stated objectives and business plan. Specific restrictions will be detailed in the investment agreement.

13.  Q: How can we ensure our project stands out during the selection process? 

    A: Highlight the uniqueness of your project, its social and environmental impact, and the strength of your team and business model.

14.  Q: Can we get feedback if our project is not selected? 

    A: Due to the volume of submissions, we may not be able to provide individual feedback. However, we encourage you to review the selection criteria and consider reapplying in future rounds.

15.  Q: What is the initiative's policy on data privacy regarding our project information? 

    A: The initiative respects the confidentiality of all project information and adheres to data protection regulations. Your data will be used solely for the purpose of the initiative.