Deadline: October 31st, 2023 | Baobab Africa’s Top Startup Accelerator Programme ($100 000)
| Title: | Baobab Africa’s Top Startup Accelerator Programme |
| Organisation: | Baobab Network |
| Fund/Grant: | $100 000 |
| Deadline: | 0ctober 31st 2023 |
| Eligible countries: | ALL |
The early-stage funding and hands-on support founders require to unleash growth and create world-class enterprises are being offered by Baobab Network.
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The Baobab Network provides 2 weeks of intensive consultation at the beginning of each accelerator programme, followed by 3 months of on-the-ground assistance from the venture partners and the network of partners/experts. To prevent founders from being away from their firms for an extended amount of time, the programme is remote.
Benefits
- They assist in establishing and funding high-potential businesses in Africa, providing $100k to help your business flourish.
- A revolutionary accelerator and practical business help
- Fast decisions, no fees, lifetime access to the networks, no board seat
eligibility requirements
- They serve as Africa’s tech accelerator. As long as you are based in Africa and are led and operated by an African team, they don’t care if your target market is located outside of the continent.
- They favour startups with a focus on technology that have developed a minimal viable product (MVP) and gained some early traction. If you are still in the idea stage, you should at the very least have established the need for the good or service in the market. The validation can take the shape of offline purchases, user sign-ups, a verifiable client waiting list, and other sorts of proof that customers are willing to pay for your goods.
- Any startup that employs technology to address significant local issues will be taken into consideration. They are open to employing existing technological tools as well as additional tech-enabled solutions like the Internet of Things (IoT), Artificial Intelligence (AI), and others to generate efficiencies.
- They tend to be sector neutral with a preference for industries with the ability to make a difference, hence they wouldn’t likely invest in industries like gaming, alcohol, etc.
- They only collaborate with for-profit businesses.
- Although they tend to choose teams over solo founders, they are still accepting submissions from those without co-founders.
- They are only able to support enterprises that have the capacity to scale and that produce new technologies. Typically, this excludes companies that offer services for custom website/app development or digital marketing.
- In exchange for the assistance and services provided throughout the acceleration programme as well as the $100,000 USD investment, they accept 12.5% interest in each firm.
- Applications and all supporting materials, including financial projections and pitch decks, must be in English.
Go to Baobab Network for further details.
