Innovate Ventures 2018 Somali start-up accelerator & technology fund for young Somali Start-ups.

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Application Deadline: June 15th 2018

Are you an early stage start-up based in the Somali region? Are you working at the cutting edge of innovation, or developing a tech-enabled product or service addressing a big local need? Are you passionate about your business idea? Apply for Innovate Accelerator today!

Innovate Ventures is the leading Somali start-up accelerator and technology fund. The program partners with VC4A, Telesom and Oxfam as part of Work in Progress! project. To date, the programme has graduated 25 starts-up and has invested almost $30,000 in its graduates. As part of the acceleration package, you will receive training, mentorship by domain experts, access to an extensive business network, visibility and a chance to get seed investment.

Eligibility Requirements:

  • Your business is based in Somaliland or Somalia
  • Your business is technology-oriented
  • The founders are between 18-35 years old
  • The founders are committed to attending the accelerator programme in Hargeisa

Benefits:

  • 12-week intensive training and mentoring on business and operational skills
  • Access to leading telecoms and banks in the Somaliland and Somalia
  • Pitching in front of local and international investors
  • Features in local and international media
  • Equity funding for at least 3 startups of up to $30,000.

Application Procedure:

  • Complete the application form before June 15th to qualify for the accelerator programme. You will hear back from the Innovate Ventures team within four weeks whether your start-up has been selected.
  • If selected, you will be asked to participate in our 1-week pre-accelerator bootcamp. After the bootcamp, 12 start-ups will advance to the main program. The program will take place in Hargeisa.

Finally:

The program will conclude in a Demo Day, where start-ups will pitch to a room full of local and international investors and media. The top 3 start-ups will receive up to $30,000 in equity investment from the Innovate Ventures Fund.

For More Information:

Visit the Official Webpage of the Innovate Ventures 2018 Somali start-up accelerator