Innovate Ventures invites applications from an early-stage startup based in the Somali region for their 2020 accelerator programme.

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 program has graduated over 50 start-ups and has invested almost $100,000 in its graduates.

Through our flagship programme – Innovate Accelerator Programme (IAP), they invest in and support great teams with cool ideas to help build a world-class business through an intensive three-month programme. 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 investment.

Worth of Award

  • 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.

Eligibility

  • Your business is based in Somaliland or Somalia
  • The founders are between 18-35 years old
  • The founders are committed to attending the accelerator programme in Hargeisa
  • Your business is technology-oriented

How to Apply

  • Complete the application form before the deadline to qualify for the accelerator program.
  • You will hear back from them within four weeks whether your start-up has been selected.
  • If selected, you will be asked to participate in their 1-week pre-accelerator bootcamp. After the bootcamp, 12 startups will advance to the main program. The program will take place in Hargeisa.

Deadline: Registrations close June 30, 2020.

 

Click here for more details and to apply

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