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A new accelerator programme targeted at digital B2B SaaS startups in East and West Africa has launched applications. The programme has been founded by Startup Wise Guys and one of its most active investment funds.
First-ever Pan-African SaaS-focused accelerator for African startups launches applications
Cristobal Alonso, CEO of Startup Wise Guys’ provides insight into what inspired the creation of the accelerator programme.
“I spent many years travelling to Nigeria and a number of other African countries. There was always a sense of excitement in the startup scene, and at Startup Wise Guys we have felt the growth of the African ecosystem in our European programs, with an increased number of applicants from across the continent. Since the early days, we have been looking for opportunities to establish programs and serve the ecosystem here.”
Selected startups will be invited to participate in a rigorous, online accelerator that includes up to €65,000 for a maximum of 12% equity. The program, the first-ever pan-African, SaaS-focused accelerator plans to kick off in February 2022. The accelerator aims to empower digital B2B SaaS startups.
The programme will take place over five months and will be hosted virtually with online modules led by local and international mentors and experts.
Selected startups will be invited to participate in a five-month intensive accelerator that will combine online modules with local and international mentors and experts. A pre-accelerator program commenced on October 25, which is intended to prepare promising startups for the main program, for which applications will close on January 15, 2022.
The main program begins in February of 2021 and will offer selected startups up to €65,000 for up to 12% equity.
According to reports, the selection committee will be looking for promising companies working in FinTech, AgriTech, EdTech, CleanTech, HealthTech, and RetailTech sectors.
English-speaking startups from across Africa are encouraged to apply, and the committee will be giving particular focus to Nigeria, Ghana, Kenya, Rwanda, and Uganda for the first batch.
Find out how to apply here.
Featured image Mario Gogh via Unsplash