Application Deadline: 7 October 2022
MEST Scale is a venture acceleration program designed by MEST, in partnership with the Mastercard Foundation, to help Small and Growing Businesses strengthen their operations, address key technology gaps and increase their ability and capacity to scale their growth.
Eligibility Criteria
MEST Scale is looking to support startups and SMEs that are ready to scale
- Sales and traction
- Has annual sales minimum $150,000
- Demonstrates at least three years of strong revenue growth
- If unprofitable, has plan and path for financial breakeven
- Stage
- Commercially viable venture with strong product-market fit with a primary challenge of determining why, where, what, and how to scale
- Personnel and talent
- Minimum of 5 full-time management staff, total of 10 staff minimum
- Team should consist of more than 5 team members that are non-management staff
- Gender balance
- Companies with women in leadership and top management roles will be given preference
- Scalability
- The venture has a good blend of ambition and potential to scale
- Market
- Business must be based in Ghana & headquartered in the Greater Accra region
- Technology
- Must be a software technology business
Benefits
Tailored Advisory Support
Get seasoned business advice that responds to your specific needs
Specialist Consultations
Area-specific experts provide consultation sessions and guidance
Investor engagement
Get investor readiness support and growth capital linkages
Technology Enhancement
Improve use of technology to enhance business development
Program Curriculum
- Month 1
- Scale diagnostics
- Month 2-4
- Scale challenge articulation (from diagnostic)
- Scale strategy development
- Operations and business modelling
- Investment readiness
- Month 5-6
- Scale plan pilot and wrap up
Application Process:
- Step 1: Fill out the general application form hosted on F6S
- Step 2: Shortlisted ventures are invited for the first round of interviews
- Step 3: Final list of companies are sent offers of admission
- Step 4: Admitted companies are onboarded into the program
Timeline:
- Applications Open: 15th August 2022
- Program Information Session: 25 August 2022
- Applications Close: 7 October 2022
- Application Review and Selection: November
- Program Starts: 16 January 2023
- Program Ends:30th June 2023
For More Information:
Visit the Official Webpage of the MEST Scale Venture Acceleration Program 2022