Application Deadline: May 19, 2023
Accelerate Africa is a 7 week pre-accelerator program where we prepare African early stage entrepreneurs to apply for global accelerator programs where they can receive investment and access to a global community of Investors, Customers, and Networks to grow their businesses.
Prosper Africa and Future Africa have announced the launch of the Accelerate Africa program. The program provides intensive guidance, mentorship, and resources for early stage African Founders. In partnership with Prosper Africa, Future Africa will support dynamic African entrepreneurs as they embark on a 7-week pre-accelerator program that will prepare them for global scale through accelerator programs such as Y-Combinator, 500 Startups, and Techstars. The program will position these entrepreneurs to raise more investment funding and build more robust startups.
This partnership delivers on the U.S. Government’s commitments from the U.S-Africa Leaders Summit to increase investment on the continent. Prosper Africa committed $170 million in the Summit’s Deal Room to increase U.S. investment in Africa and African exports to the United States by $2 billion in the next five years, including through the new Prosper Africa Catalytic Investment Facility.
Accelerate Africa (A2) prepares early stage African founders for global scale. Accelerate Africa (A2) identify partners who can provide them with access to capital, customers and channels that can catalyze their trajectory such as Global Technology Accelerators like Y Combinator, 500 Startups and Techstars; Governments; Global Technology Companies and Entrepreneur Support Organizations.
Benefits
One-on-one application support by global accelerator alumni from Africa
You will work closely with a group of star mentors who have themselves been accepted to and gone through a global accelerator. They will provide active guidance and soundboard your thoughts as you build out your application.
A curated community of leading applicants going through the process together
Building a startup can be isolating and challenging, but collaborating with other like minded people lessens this burden. This includes tapping into our local and global network that spans over 300 investors and over 100 startups to learn from and exchange knowledge.
Strategic investment from leading African VCs to further catalyse your journey
Accelerate Africa (A2) will make strategic introductions and recommendations to our global network of co-investors. At the cumination of our program, you will also have the opportunity to pitch your business to leading African VCs during our Demo Day. Additionally, the Investment Committee will invest $75,000 for 5% equity in select cohort startups.
For More Information:
Visit the Official Webpage of the Accelerate Africa Program 2023