Fundingdesk

Innovate Ventures Accelerator 2018 for Somali Startups ($30,000)

Applications Deadline: 15th June, 2018:

 

2018 INNOVATE ACCELERATOR 

Are you an early stage start-up based in the Somali region? Are you working at the cutting edge of innovation, or developing a tech-enabled product or service addressing a big local need? Are you passionate about your business idea? Apply for Innovate Accelerator today!

Innovate Ventures is the leading Somali start-up accelerator and technology fund. The program partners with VC4A, Telesom and Oxfam as part of Work in Progress! Project. To date, the programme has graduated 25 starts-up and has invested almost $30,000 in its graduates. As part of the acceleration package, you will receive training, mentorship by domain experts, access to an extensive business network, visibility and a chance to get seed investment.

 

What do you get from the program?

12-week intensive training and mentoring on business and operational skills

Access to leading telecoms and banks in the Somaliland and Somalia

Pitching in front of local and international investors

Features in local and international media

Equity funding for at least 3 startups of up to $30,000.

 

What’s the process?

Complete the application form before June 15th to qualify for the accelerator programme. You will hear back from the Innovate Ventures team within four weeks whether your start-up has been selected.

If selected, you will be asked to participate in our 1-week pre-accelerator bootcamp. After the bootcamp, 12 start-ups will advance to the main program. The program will take place in Hargeisa.

Finally:

The program will conclude in a Demo Day, where start-ups will pitch to a room full of local and international investors and media. The top 3 start-ups will receive up to $30,000 in equity investment from the Innovate Ventures Fund.

Are you eligible?

Your business is based in Somaliland or Somalia

Your business is technology-oriented

The founders are between 18-35 years old

The founders are committed to attending the accelerator programme in Hargeisa.

 

About Innovate Ventures:

Innovate Ventures is the leading start-up accelerator and technology fund in Somaliland and Somalia. Innovate Ventures was created to propel and accelerate technology start-ups in Somalia and Somaliland, support the next wave of Somali entrepreneurs, and grow the nascent start-up ecosystem in the country. Innovate Ventures have run coding camps, incubators and accelerators in the Somali region since 2012.

 

To apply now, visit the official homepage here.

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