The Aga Khan Foundation – Syria (AKF-S) has launched a new initiative to support small and micro-enterprises by accelerating the transition to clean energy. This project provides entrepreneurs with accessible financing to install solar energy systems, aiming to boost economic activity, ensure business continuity, and promote environmental sustainability across key industrial areas.
At a Glance
- Opportunity Type: Accelerator Program / Clean Energy Financing
- For: Existing Small and Micro-Enterprises in Salamiyah and Tartous
- Key Benefits: Blended finance/interest-subsidized loans, technical training, and 12 months of follow-up
- Application Deadline: April 23, 2026 (3:00 PM)
- Location: Salamiyah Industrial Zone and Tartous Industrial Zone, Syria
Accelerator Overview
The Solar Energy Acceleration Project is designed to help small businesses overcome energy shortages by facilitating the purchase and installation of solar power systems. The program combines financial support with professional capacity building, ensuring that entrepreneurs not only receive the necessary funding but also the technical skills to operate and maintain their solar systems. The initiative focuses on enhancing the productivity of service-oriented and industrial projects while reducing reliance on traditional fuel-powered generators.
Key Benefits
- Accessible Financing: Access to blended finance (grants combined with loans) or interest-subsidized loans specifically for solar energy systems.
- Capacity Building: Specialized training for entrepreneurs on the operation and maintenance of solar energy hardware.
- Technical Support: 12 months of professional follow-up and technical assistance following the financial support phase.
- Sustainability: Improved energy reliability and reduced operational costs by replacing fuel-based generators.
Eligibility Criteria
- Age: Applicants must be between 20 and 60 years old.
- Business Age: The project must have been active and operational for at least one year.
- Registration: The business must be officially licensed and registered within the government profession lists in Syria.
- Location: Must be located in the Salamiyah Industrial Zone or the Tartous Industrial Zone.
- Ownership: The applicant must be the direct owner of the income-generating activity.
- Site Suitability: Must have a suitable location for solar installation (written landlord consent required if the site is rented).
- Financial Records: Must possess financial records or approved cash flow statements for at least one year.
- Social Focus: Priority is given to projects led by or employing women and youth, and those for whom the project is the primary income source.
Project Classification Standards
Micro-Enterprises
- Must have at least 2 permanent employees.
- Minimum invested capital of 750,000 New Syrian Pounds (SYP).
- Energy requirement must not exceed 4 kW.
- Priority for projects creating new job opportunities.
Small Enterprises
- Must have at least 6 permanent employees.
- Minimum invested capital of 2,000,000 New Syrian Pounds (SYP).
- Energy requirement must not exceed 12 kW.
- Priority for projects replacing fuel generators and those in high-demand, low-risk sectors.
How to Apply
Interested business owners should complete the online registration form. The form takes approximately 20-25 minutes to complete and requires accurate data regarding personal identity and business financials.
Application Deadline: April 23, 2026, at 3:00 PM. Apply Here: Aga Khan Foundation Application Link
About Aga Khan Foundation Syria
The Aga Khan Foundation (AKF) is a leading international development agency that works to improve the quality of life for communities in various regions. In Syria, AKF focuses on sustainable economic development, social programs, and infrastructure support, enabling small businesses and entrepreneurs to achieve self-reliance and contribute to the local economy through innovation and environmental stewardship.
Learn More: LinkedIn Source
