Deadline: 31-Jul-21
Applications are now open for the ygap South Africa Accelerator Program to help ventures to refine and validate their business model, move towards financial sustainability, and grow the impact that they are having in their community.
Ventures that complete the ygap South Africa Accelerator Program expand their ability to increase revenue, create employment opportunities, secure further investment, and make a real difference in the communities they operate within.
The program offers a three-day live-in accelerator followed by twelve months of tailored support including business skills development, strategy insights and mentor support, connections to international partner networks, peer learning and access to a global community of entrepreneurs.
Ventures chosen for the ygap Accelerator Program will graduate with:
- A proven and validated Theory of Change
- Proof of product-market fit with a clear value-proposition for key customer segments
- A validated business model that verifies the desirability, the feasibility and the viability of the business
- Detailed financial statements including income statements and cash flow statements
- Proven growth traction demonstrated through data across key metrics
- A reasonable and viable 12-month growth plan with a clear plan of action, quarterly milestones and projections
- Must have already launched and be currently operational. In most cases, participating ventures must be formally registered and proof of this status will be required (unless this is not applicable to where your business runs).
- Must be post-revenue and able to provide evidence of commercial transactions.
- Must have an element to their business that is unique. It could be a unique product or service offering, a unique production method, or a unique business model.
- Must have a social or environmental focus. Through the operation of the business, ventures must be working toward making their community, their city, or their country a better place. To validate the positive impact that the venture is making, they align to the United Nations Sustainable Development Goals (SDGs).
- Must be “local” to the issue they’re solving, and intimately connected to their community. Growing an early-stage impact venture is hard, so they want to ensure that the team behind the venture is passionate and committed to solving the problem, and is in it for the long-haul.
- Must clearly recognise and desire the benefits and value of participating in the ygap program. ygap invests deeply in the ventures they support, and expect the same level of dedication and investment in participating in the ygap program.
For more information, visit https://ygap.org/southafrica/