Innovate Ventures 2020 Innovate Accelerator Program for early-stage Somali Startups

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Application Deadline: June 30th 2020

Are you an early-stage startup 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 program has graduated over 50 start-ups and has invested almost $100,000 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 investment.

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.

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

Application Procedure:

  • Complete the application form before June 30th to qualify for the accelerator program. 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 startups 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 2020 Innovate Accelerator Program

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