Call For Applications: Her Startup program For African Female Entrepreneurs (Up to $5,000 Funding, 14-week intensive Training and Mentoring)
Supporting Female Entrepreneurship
Her Startup is a program designed as a response to the challenges faced by female founders in the entrepreneurial landscape.
Her Startup is a unique combination of proven entrepreneurship training, seed funding, and mentoring to offer comprehensive and long term solutions to the funding issue of female led start-ups.
The objective of the program is to provide guidance and invest in African+Women-led early-stage companies with high growth potential in emerging industries.
The Program can be divided in four main steps
1) Selection of the applicants
The selection will be done based on Her Startup and Founder’s Institute criteria. These criteria include:
- African company
- Female founder of CEO
- Tech-enable business
- 18-35 age bracket
- Monthly gross revenue of not less than $500
- Unique Value Proposition
- Operation of business not less than 6 months
- Maximum 20% of selected companies will be Fintechs
- At least 15% of selected companies will be from Francophone Africa
2) Training
The applicants selected will perform an intensive 4-month training from the Founder’s Institute accelerator program.
Costs of the training will be covered by the program and founders will receive an allowance in stages during the training.
The applicants who successfully complete the training will get a certificate and will be eligible to apply for funding.
3) Funding
The remaining start-ups will pitch their business model to the program Investment Committee to obtain a funding of 5,000 USD in average.
The funding will be a convertible revenue based financing.
4) Mentoring
The funded start-ups will be provided a 1 year mentoring from seasoned entrepreneurs and experts with monthly meetings and ad hoc requests.
Her Startup is a unique combination of training, funding, and mentoring.
Entrepreneurship Training
A 14-week intensive training program for participating female entrepreneurs facilitated by the Founder Institute (FI). Renowned as one of the world’s largest pre-seed accelerator programs, FI is adept at transforming ideas into fundable startups and startups into global businesses.
Startup Capital
Successful graduates of the FI accelerator program will pitch to an investment committee for seed financing of up to $5,000.
Mentorship and Support
Founders will receive comprehensive support for continued success. This includes 6 months of mentorship, access to co-working space, and healthcare coverage for 1 year. Based on performance, graduates will receive support for additional capital raise.
Deadline: Sep 13, 2024
