The Village Capital Greentech Africa Investment-Readiness Accelerator 2024 is designed to advance innovative and sustainable solutions and actively contribute towards building resilience and mitigating the effects of climate change across Africa.
This accelerator program is not just another run-of-the-mill endeavor; it represents a bold commitment to fostering innovative, sustainable, and impactful solutions that address the pressing challenges of our time, particularly those related to climate change and environmental sustainability.
Greentech 2024 Overview:
The Village Capital Greentech 2024 Investment-Readiness Accelerator is a catalyst for change. With a strategic focus on advancing innovative and sustainable solutions, this accelerator aims to build resilience and mitigate the effects of climate change across Africa.
Supported by the esteemed Moody’s Foundation, the Africa program prioritizes diverse-led startups from Egypt, Kenya, Nigeria, Senegal, and South Africa, placing special emphasis on promoting sustainable solutions for underestimated communities.
Eligibility Criteria:
For entrepreneurs who wish to participate in this program, certain eligibility criteria must be met. These include:
- For-profit entity: Applicants must be for-profit entities with legal incorporation and operations in at least one of the specified African countries.
- Market-based tech solution: Startups must offer market-based tech solutions that address challenges in Egypt, Kenya, Nigeria, Senegal, or South Africa.
- Compliance: Compliance with local fiscal and business laws is essential.
- Minimum viable product (MVP): Applicants should have at least a minimum viable product, along with some traction and funding of less than USD 1M in equity.
- Business validation: Meaningful customer or business validation is required, which may include successful pilot studies, user metrics, or strategic partnerships.
- Founder presence: At least one full-time founder must be based in Egypt, Kenya, Nigeria, Senegal, or South Africa.
Supported Sectors:
The Village Capital Greentech Africa 2024 Investment-Readiness Accelerator welcomes startups from a diverse range of sectors, including:
- Cleantech and Climate Tech
- Agtech and Food Security
- Circular and Regenerative Economy
- Natural Resource Management
- Water, Sanitation, and Health
Benefits:
The Village Capital Greentech Africa 2024 Investment-Readiness Accelerator offers the following benefits:
- Continued Learning: Participants get to engage in interactive sessions tailored to help startups identify early milestones and prepare for subsequent rounds of capital.
- Mentorship: Gain valuable insights and guidance from prominent investors, business leaders, and other founders.
- Financial Advice: Access personalized coaching on building financial models and leveraging financial metrics for business growth.
- Exposure: Showcase your startup on Village Capital’s program website and other communication platforms.
- Connections: Forge meaningful connections with fellow founders and stakeholders within Village Capital’s extensive network.
Application
Visit the Application page at https://my.abaca.app/entrepreneurs/program/?a=greentechafrica24 to Apply
For More Information, Go to the Official Webpage of the Village Capital Greentech Africa on https://vilcap.com/programs/greentech-africa-2024
Program Timeline:
- March 4, 2024: Applications open
- May 10, 2024: Applications close
- July 2024: Cohort confirmed
- August 2024: Online workshop 1
- September 2024: Online workshop 2
- September 2024: In-person workshop
FAQs (Frequently Asked Questions)
What is the program’s main Goal?
The main goal of the program is to help startups identify early milestones and prepare for their next round of capital or expansion plans through virtual workshops and extensive networking opportunities.
Are there Travel Requirements for Participants?
The program primarily operates virtually, but there will be an in-person gathering in September. Participation of at least one founder/C-suite member is mandatory, with additional team members welcome to join.
Is there Equity for participation?
Village Capital does not take equity from participating startups.
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