Application Deadline: Not Specified
Baobab Network is thrilled to share this incredible opportunity with you! Their company runs a fantastic accelerator program that accepts applications on a rolling basis, allowing you to apply at your convenience. Isn't that great news? They take immense pride in supporting Africa's boldest innovators, providing them with the resources they need to scale their homegrown solutions worldwide. It's an exciting journey, and they can't wait to see the impact these talented entrepreneurs will make on a global level.
About the Accelerator Program:
- They run a world-class accelerator program focused on supporting Africa's boldest innovators.
- The goal is to help homegrown solutions scale and make a global impact.
Application Process:
- Applications are accepted on a rolling basis, meaning you can apply at any time.
- The program receives thousands of applications each year, so expect some response time.
Eligibility Criteria:
- Early-stage technology-driven or technology-enabled businesses can apply.
- The program covers the entire African region.
- Applicants must be living and working in one of the key markets covered by the accelerator program.
Funding and Support:
- Start-ups selected for the program receive $50,000 USD in funding.
- The accelerator program runs for three months, providing participants with personalized two-week consultation sessions and tailored support.
- In exchange for the support, the accelerator takes 10% equity from the selected start-ups.
Focus Industries:
- The accelerator works with companies across various sectors and verticals.
- There are a few industry areas in which they do not specialize, which are outlined in their FAQs.
Application Process:
- Interested applicants should familiarize themselves with the FAQs and the Application Form before applying.
- The application process should take around 15 to 25 minutes.
- Applicants are encouraged to provide as much information as possible upfront to strengthen their application.
What to Include in the Application:
- The accelerator program primarily targets early-stage tech companies.
- Ideally, they seek start-ups that have already built a Minimum Viable Product (MVP) or are in the initial stages of scaling.
- Applicants will be required to submit a few documents to support their application, such as an investment deck, cap table, and traction document.
Application Intake:
- The accelerator program now follows a cohort-based approach.
- For information on the current intake, applicants should check the application page on their website.
Response Time:
- Successful applicants can expect to be contacted by a member of the accelerator program's team within 4–12 weeks after submitting their application.
I hope this information inspires you to consider applying or to share this opportunity with others who might benefit from it. It's a fantastic chance for Africa's promising innovators to take their ventures to new heights. Let's continue supporting each other in driving positive change through entrepreneurship!
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