Deadline: 25 January 2017
Applications are open for the Traction Camp, a regional acceleration program, for its first cohort, aimed at nurturing startups in East Africa so as to create globally competitive, growth-oriented, mobile and digital technology businesses. The program is backed by the World Bank Group’s infoDev program and the governments of Norway, Sweden, Finland, and Kenya.
Objectives
The objectives of the program is to support rapid refinement of business models towards scalability and expansion. Other objectives include;
- Facilitate human capital development among core startup team members
- Increasing investment readiness of entrepreneurs.
- Enable startups to design effective monetization and customer acquisition strategies
Program Details
- The 6 month program will support growth-oriented startups in scaling their business through a tailor made acceleration process designed to takes growth oriented enterprises and startups through a rapid-cycle competitive curriculum, and matches them quickly to appropriate capital and business mentor. The program will connect entrepreneurs with the knowledge, capital and markets they need to grow their enterprises.
- The program will entail a two week of intensive mentoring and coaching before an one week of residential program and up to six months of follow up mentoring and coaching, intensity of which will be decided based on each entrepreneur’s performance and needs.
- Participating startups will receive technical assistance on the acceleration curriculum that is designed to improve their marketability to early-stage financiers through emphasis on strengthening business and financial models, and outlining preparations for the capital raising process through detailed coursework on entrepreneurial finance.
- Other project activities will include facilitating several access to finance (A2F) workshops to provide familiarity with financial concepts and expectations of angel investors to a broader audience.
Eligibility Criteria
The Traction camp accelerator program is seeking engagement with respective business enablers and programs supporting digital entrepreneurs.
How to Apply
Applications must be submitted online via given website.
Eligible Countries: Burundi, Rwanda, Kenya, Tanzania, Ethiopia, Uganda
For more information, please visit Traction Camp.