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[Apply] Startups In Somalia Are Invited To Apply To Innovate Ventures’ $30k Somali Accelerator Programme

Early stage startups based in the Somali region are invited to apply to Innovate Ventures accelerator programme, which offers up to US$30,000 in equity 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 31th to qualify for the accelerator program. 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-acceleratorbootcamp. 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

What’s next?
Submit your application today! Applications close 30 June, 2019.

The leading Somali startup accelerator and technology fund, Innovate Ventures has partnered VC4A, Telesom, and Oxfam as part of Work in Progress! project to run the Innovate Accelerator, which to date has graduated over 50 startups and invested almost US$100,000 in graduates.

The latest edition, for which applications are open until June 30, will offer selected startups access to training, mentorship by domain experts, access to an extensive business network, visibility, and the chance to secure investment.

A 12-week programme — based in Hargeisa — that also offers access to leading telecoms and banks in Somaliland and Somalia, the accelerator concludes with a demo day at which the top three startups will receive up to US$30,000 in equity investment from the Innovate Ventures Fund.

Source: https://vc4a.com/innovate-ventures/2019-innovate-accelerator/

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