Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customized programming for early-stage entrepreneurs, in partnership with ARM Labs, a Lagos-based innovation programme focused on helping fintech startups, calls for applications for the inaugural edition of the ARM Labs Lagos Techstars Accelerator Programme. The accelerator 3-month intense programme supporting entrepreneurs will begin in Lagos state this December.
The first month of the program will be dedicated to assessing product-market-fit with extensive hands-on training with Techstars mentors to help founders refine their products into a solid proof-of-concept. After the execution stage in the second month, the final phase will largely be focused on helping startups refine their financial business models with additional strategies around fundraising.
ARM Labs Lagos Techstars Accelerator Programme Benefits.
- During the accelerator program, selected startups will have access to Techstars’ vast network of 7,000+ mentors, 20,000+ investors, over 10,000 founders, alumni and corporate partners.
- Up to $120k in funding, curated startup programming and one-on-one mentorship sessions with Techstars mentors.
- The programme is open to early-stage fintech and proptech startups based in Africa.
At the end of the application process, 12 startups will be selected for the program. The inaugural in-person class will commence on December 5, 2022 and conclude with a Demo Day scheduled for March 16, 2023 where local investors, community, government and business leaders will experience the transformational power entrepreneurs have on the African fintech and proptech community.
August 24, 2022. Visit the programme’s official web page here to apply now.
This is Techstars’ first accelerator program in Lagos, however, the company has been active in the African tech space since 2011, hosting more than 400 Techstars Startup Weekends across 40 countries, and operating the Barclays Accelerator Powered by Techstars Cape Town in 2016 and 2017. Similarly, through its other early-stage entrepreneurial programs, it has invested in 14 Nigeria-based startups like Healthtracka, FarmCrowdy and Rent Small Small.
In total, Techstars accelerator has invested in approximately 3000 startups globally with an all-time graduate market cap of $73billion, a $1m average first raise post-programme, and a total of 19 unicorns produced so far.
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