We got an email from Seedstars about the GIZ-SAIS Investment Readiness Program. The email reads
“My name is ….. and I wanted to reach out to you personally to tell you about the GIZ-SAIS Investment Readiness Program. Seedstars is an official sourcing partner and we have been asked to recommend 10 startups (out of 30) that might be selected to participate in the program. I thought that you may have relevant companies in your network who would benefit from the program. You can recommend a startup for this program here or if your startup is a fit, apply through the page by June 21st at the latest.
Please find below some additional information.
What’s The SAIS Investment Readiness Program?
SAIS’s Investment Readiness Program (IRP) is a nine-month program fully funded by GIZ, that includes weekly thematic webinars, collective and individual coaching sessions; access to additional service providers; integration in one of GIZ-SAIS’ partner hubs; and a demo-day with investors and business partners to conclude the program in July 2021.
Who Can Apply?
SAIS is looking for innovative African Agritech and Foodtech start-ups entering the scaling stage, with digital products or services directly impacting the end-users. All applying startups must have a team of at least two people, have a viable digital product with a clear positive impact on its users’ income (launched at least six months ago), and provide evidence of good traction”.
To qualify, interested AgriTech and FoodTech startups must fit the following criteria:
- The startup must be registered and operating in at least one African country.
- The startup must have a team of at least two people.
- The management team must be highly motivated and work at the business ideally full-time.
- The startup needs to have a viable digital product with a clear positive impact on its users’ income.
- The product must be aligned with one of the digital technologies listed on the website.
- The startup must have launched its digital product at least six months ago and provide evidence of good traction as well as existing processes that need to be performed.
- Startup should have an easily understandable and very convincing business model (clear problem statement, clear digital solution, clear customer segment, and clear revenue streams).
- The startup should have access to customer data via its digital solution (number of customers and gender); if this is not the case, building customer databases will be one of the first development measures if the startup is selected for the IRP.
- Innovative and disruptive solutions will be regarded as an asset. Solutions that help mitigate the impact of Covid-19 will be taken into special consideration
At Entrepreneurs.ng we inform, inspire and educate. So, if you fit this criteria, write to us and we can recommend you for this opportunity.