Standalone Grant FAQs
Can I get an update n my application for the Standalone Grant Round III that ended in February?
Thank you for applying to our recent grant initiatives. As outlined in the programme overview, the adjudication process began after the application deadline was closed and would take a minimum of (2) two weeks. Standalone Grant Round III Application ...
What bank details should be included on a vendor's invoice?
Local Banks: Beneficiary Name (Vendor Name) - clients must verify the name on the company’s bank account in order to avoid the payment being returned and the client incurring additional bank fees Beneficiary Account Number Beneficiary’s Bank Name ...
What method of payment do you use for vendors?
Payments to vendors are made via wire transfer only.
My items are limited and I have a deadline to purchase, Can I purchase my items and get reimbursed?
Reimbursements are processed on a case by case basis and only for purchases made after the application window opened.
How do I know when the payment has been made to the vendors?
Notifications are sent weekly via email after confirmation that the transaction was successful.
Can I change my invoices after approval?
Yes. If you are approved, you will receive an approval letter and a "What to Expect" Pamphlet from the Disbursement Team. This will detail the process of submitting new invoices.
Is the Standalone Grant open to all islands?
Yes. This programme is open to all businesses on all islands, as long as the company meets the requirements of the programme.
Can I only submit one invoice from one vendor?
No. If you are requesting products or services from multiple suppliers, you can submit multiple invoices, as long as the funding request total does not exceed $5,000.
Where to submit my required documents?
Your documents need to be uploaded with your online application form. Failure to do so would deem your application incomplete. Kindly scan or take photos of your hard copies to upload when prompted. File formats accepted: .jpg, .jpeg, .png, .pdf ...
Where do I apply for the Standalone Grant?
The Standalone Grant application process is fully online and can be accessed through our website at www.accessaccelerator.org/standalonegrant Once you've fully completed your application, be sure to submit the form for access to the virtual ...
Once I submit my application, am I able to edit the details?
Yes. You are able to access and edit your application up until the deadline date, Sunday, December 6th, 2020 at 11:59 pm.
How do I add my signature on the Standalone Grant Application?
If you are using a desktop or laptop computer, use your mouse to mark your signature. If you are using a touch-screen device (phone, tablet etc.) use your finger or stylus to mark your signature.
When does the third round of the Standalone Grant Programme launch?
Due to an overwhelming response by eager Bahamian entrepreneurs, on Monday, February 1st, 2021 we will be launching the Standalone Grant Programme: Round III. For more information, visit our website at www.accessaccelerator.org/standalonegrant
Is the Standalone Grant Funding guaranteed?
The grants are based on the amount of available funds provided per round of the programme. We received requests far in excess of our available funds. Selecting grant recipients from an outstanding group of applicants means that everyone who applied ...
How do I edit my Standalone Grant application?
Step 1 All applicant received an email confirming the receipt of their application. The subject of the email can be seen in the below illustration. Access Accelerator Standalone Grant Program - Application..... You can search this phrase within ...
If I'm already signed up for the regular Access Accelerator Programme, am I able to apply for the Standalone Grant?
If you are a client signed up for the regular Access Accelerator Programme and have not yet received funding, you can apply for the standalone grants and still continue with the regular programme. Please note, however, that if you are awarded ...
How do I obtain the Entrepreneurship Seminar Certificate?
Once you submit your application you will be sent a link to attend and complete the mandatory (2) two-hour Entrepreneurship Seminar before the application deadline at 5:00 p.m. on Friday, October 30th or forfeit one's submission.
How do I access the Standalone Grant application?
You can access the online application at www.accessaccelerator.org/standalonegrant We encourage you to first read through the Programme Overview for full details then proceed with your online application.
If I currently have a loan, can I apply for this Standalone Grant Programme?
Yes, you can still apply for this programme, however, the loan could not have been a part of funding through the Access Accelerator.
Do I have to be an Access Accelerator client to apply to the Standalone Grant?
No, this programme is open to all entrepreneurs within The Bahamas.
I applied for the Access Accelerator Standalone Grants Programme, when will I be notified regarding my application’s status?
All Applications will be reviewed once the application deadline expires on Friday, October 30th, 2020. All applicants will be contacted about their application status. The approval process will take up to two weeks.
What are the requirements for the Standalone Grant Programme?
Required Application Documents (A²) Complete the Executive Summary Template on the application form Proof of citizenship (Passport or Voter’s Card) Business License Invoices/Quotes/Estimates and Vendor Wire Instructions Use of Funds (Must ...
When will the Standalone Grant application be open?
The application form for the third round of Standalone Grants will open on Monday, February 1st, 2021. You can review the information, eligibility and process on our website's Standalone Grant Webpage here. Interested applicants have three weeks to ...
Who is eligible to apply for the Standalone Grant Programme?
Eligible start-up or existing businesses that apply through A2; majority Bahamian-owned businesses; gross annual revenues less than $5M; fewer than 50 employees; a valid business license from the Department of Inland Revenue (DIR); have not been ...
What is the Access Accelerator Standalone Grant Programme?
The Access Accelerator (A2) aims to guide the development, funding, growth, and evolution of Micro, Small and Medium-sized Enterprises (MSMEs) in The Bahamas. By equipping and empowering MSMEs with the resources necessary to succeed. The government ...