Applications now open for Innovate Ventures Accelerator in Somalia

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Innovate Ventures is the leading startup accelerator and technology fund in Somalia. Innovate Ventures was created to propel and accelerate technology startups, support Somalian entrepreneurs in Somalia and Somaliland and grow the promising startup ecosystem in the country.

Venture Capital for Africa (VC4A) is a startup funding platform and a network of entrepreneurs, angel investors, venture capitalists and mentors building game changing companies on the African continent. VC4A supports companies by connecting startups to both hard and soft capital as well as providing technical support to local accelerators.

So far, the programme has graduated 25 startups and has invested almost $50,000 in its graduates. This year the program is said to accept 12 startups and will invest up to $30,000 in the teams with the highest potential.

The Innovate Accelerator is a 12-week programme that provides mentorship and training for tech entrepreneurs. After the training, startups will be required to pitch to a room full of local and international investors and the media.  The top four start-ups will receive up to $30,000 in seed investment from the Innovate Ventures Fund.

Eligibility

  • Startups must be based in Somaliland or Somalia for
  • Entrepreneurs must not be older than 35.

Application Deadline is the 15th of June, 2018.

For more information click here

 

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