Deadline: October 6th 2023 | Female Founders Growth Programme 2023 ($10 000)
| Title: | Female Founders Growth Programme 2023 ($10 000) |
| Organisation: | International Finance Corporation (IFC) and WEAV Capital |
| Fund/Benefit: | $10 000 |
| Deadline: | October 6th 2023 |
| Eligible countries: | All countries |
The FSDH Women in Business Initiative, a value-added initiative for women in business in Nigeria, created the Female Founders Growth Programme, an accelerator and investment readiness programme, to enable and empower women-led businesses to thrive through access to the appropriate knowledge, opportunities, and networks.
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The International Finance Corporation (IFC) and WEAV Capital have created the Female Founders Growth Programme specifically to promote female-led tech start-ups in Nigeria. The chosen startups will take part in a top-notch Investment Readiness Programme created to assist high potential female-led tech companies in raising finance. The IFC and WEAV Capital will deliver the programme together.
Benefits
- Selected businesses will profit from specialised, in-depth sessions designed to help them create their fundraising plan, enhance their business model, and ready their data room for investors.
- Intensive training in financial management, cash flow optimisation, and investment preparation for both equity and debt finance will also be provided to a select group of start-ups.
Additionally, each participant will gain
- Matching with a business coach from prestigious international institutions to assist their company.
- Office hours with knowledgeable specialists in a range of subjects.
- Establishing connections with influential venture debt and capital investors.
- Mid-October will see the start of the 6-week virtual programme, which will end in November with a Demo-day showcase when entrepreneurs will get the chance to pitch to a group of investors, accelerators, and business leaders. The winning pitch will get $10,000 in non-equity investment.
- All chosen start-ups will be eligible to obtain investment from the program’s participating investors.
Conditions for Eligibility
Companies must fulfil the requirements listed below in order to be eligible for the programme:
- Have a female founder or cofounder (the initial team must include at least one female).
- Obtain some first users and a Minimum Viable Product.
- A revenue range of $50,000 to $1 million per year was reached.
- Received funding of less than $500,000.
- Lasted longer than a year but less than five years.
- In any industry, be a technology-based or technology-enabled business.
- Be a pre-seed or seed-stage business looking to raise institutional capital to advance their product to the following stage of growth.
Duration
- The six-week online course will start in the middle of October and end in November. The programme requires a weekly time commitment of about 5 hours.
System Design
- The Female Founders’ Growth Programme will run for a total of six weeks and include masterclasses, investor pitch days, and mentoring sessions.
Participants in the Growth Programme will have access to the following:
- Masterclasses and Mentoring Sessions provide access to a knowledgeable, experienced instructor.
- IFC’s Financial Management Training Programme is available to you
- $10,000 non-equity gift
- Access to a supportive community of fellow founders.
- Access to a community of successful businesspeople.
- Opportunities for funding and investment.
For more information, visit the FSDH Female Founders Growth Programme 2023 website.
