Deadline: 24-Aug-22
The ARM Labs Lagos Techstars Accelerator Program is now open for applications to invest in early-stage fintech and proptech companies based in Africa.
Techstars accelerators have one goal: to help entrepreneurs succeed. During each three-month program, they surround companies with the best mentors and an unrivaled network of corporate partners, investors, and alumni.
They provide funding and fundraising opportunities, workshops and curated resources, not to mention countless moments where you can learn from your peers. It’s a proven model that’s helped build thousands of successful companies, all over the world.
Benefits
- Access to Techstars resources for life;
- Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office space;
- Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members;
- Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $5M;
- Demo Day exposure and other investor connections.
- Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.
Eligibility Criteria
- Techstars funds all types of startups, working in all verticals, using any type of business models. Do keep in mind, however, that their focus is on startups rather than small businesses.
- They do require that you be primarily based on-site during the program, unless you are participating in one of their virtual programs. This benefits you because you can take advantage of the numerous learning opportunities, networking, and coaching that they provide. The amount of serendipity, unannounced drop-in mentors, and camaraderie that is developed during the program is staggering.
- Techstars is a major commitment, and they expect you to be around most of the time. However, it’s your company, you call the shots, so traveling as necessary for business or family requirements is okay by them.
- Many companies do decide to relocate to the city where they went through their Techstars program because of the vast local network that they can continue to tap into once the program concludes.
- If you’re accepted into Techstars, their local teams will provide additional resources to help you find housing.
- The primary language that they use in verbal and written communications during all accelerator programs—in every country—is English.
For more information, visit https://www.techstars.com/accelerators/arm-labs-lagos