Apply for XL-Africa: Supporting Startups Making Smart use of Digital Solutions

Deadline: 12 June 2017

Applications are currently open for XL-Africa program to support enterprises in any sector that are making smart use of digital solutions. This includes, but is not limited to fintech, agriculture, transport, energy, health, education, smart cities, gaming resource management, media and many more.

Benefits

  • 20 high-growth digital startups seeking to raise between $250K and $1.5M in funding. We can help with access to funding, networks, mentoring and a community of like-minded entrepreneurs.
  • Program offers:
    • Structured access to investors throughout the program and at a Venture Showcase Day in South Africa.
    • Mentoring from at least two successful entrepreneurs or investors (global and local) to develop accurate company valuations, financial forecasts, risk management and customer acquisition strategies. Access to other expertise is provided based on your specific needs.
    • The opportunity to meet with investors, potential customers and partners as well as peers at an all-expenses paid residency in Cape Town, South Africa.
    • Support in developing investment packages so you’re ready for investment following the program.
    • Knowledge through curated content designed to teach you everything you need to know about marketing, financing and market expansion.

Eligibility Criteria

  • The startup is for profit and registered, with a team of at least three people
  • The team is based in one of the countries of Sub-Saharan Africa
  • A very strong management team
  • A digital product or service available on the market right now, with demonstrated tangible traction and evidence of revenue
  • Potential to achieve scale
  • Seeking investment capital in the range of $250K – $1.5m
  • While there will be exceptions, mostly likely your startup has already received investment capital, structured as either debt or equity, or received grants from donor organizations.

How to Apply

Applications must be submitted online via given website.

Eligible Countries: Angola, Burundi, Cape Verde, Central African Republic, Chad, Comoros, Djibouti, Equatorial Guinea, Eritrea, Gabon, Gambia, Guinea-Bissau, Liberia, Mali, Mauritania, Sao Tome and Principe, the Seychelles, Somalia, South Sudan, Sudan or Zimbabwe.

For more information, please visit XL-Africa.

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