Call For Applications: Accelerate Africa Cohort 2( Up to $250,000 – $500,000 Invest Fund)
Accelerate Africa is not your typical one-size-fits-all accelerator program; it’s an exceptional opportunity tailored to meet the unique needs of African founders. Here’s why it stands out:
- Top Operator VCs Support:
- Only 10 founders will be accepted into the program.
- Support from two leading operator VCs in Africa: Iyinoluwa Aboyeji and Mia von Koschitzky-Kimani, known for building, advising, investing in, and exiting multiple successful businesses in Africa.
- Customized Program:
- Tailored workshops covering five core areas.
- Coaching sessions with top advisors.
- Tech, legal, and finance clinic support through clinics and office hours.
- Weekly Lagos/Nairobi meetups to build a community with other founders.
- The last two weeks of the program will involve intensive preparation for the demo day in May 2024.
- No Equity or Funding Requirement:
- Unlike most accelerators, Accelerate Africa does not require equity upon admittance.
- Funding opportunity: Future Africa may invest alongside other investors to provide a pre-seed or seed-stage check of $250,000 – $500,000 after the program, subject to due diligence and an investment committee vote.
- Diverse and Inclusive Approach:
- Recognizes that founders with the potential to turn Africa’s challenges into global businesses come from diverse backgrounds.
- Over 40% of founders previously supported by Accelerate Africa are women, spanning ages from their 20s to their 60s, and representing over 10 African countries.
Founder Criteria:
- Passionate about solving a real problem with a proven track record or traction.
- Deep understanding of customers and a commitment to serving them.
- Lived experience of the problem, driving them to build a business that may seem impossible until it’s achieved.
If you embody these qualities or know a founder who does, apply now or nominate a startup.
Deadline: February 16, 2024