Building a Results-Based Financing Facility: Unlocking Capital for African Accelerators & Incubators

We conducted a feasibility study to investigate the design of a Results-Based Financing (RBF) Facility for Enterprise Support Organizations (ESOs) in East Africa. ESOs, namely incubators, accelerators, are essential to startup growth yet remain trapped in short-term, output-based funding that rewards quantity over quality. Our proposed RBF facility builds off learnings from the Dutch Good Growth Fund’s RBF pilot and pools catalytic capital and disburses it to ESOs based on verified, multi-year impact targets co-designed with ESOs. This session shares feasibility findings, invites critical dialogue, and engages participants in co-designing key fund components – from metrics to payout structures.