TheNextFund for Disruptive Companies across East Africa

The hybrid-curated programme offers personalised venture building and investment-readiness technical assistance to high-growth startups, with the potential to become category kings and yield high returns for investors. The programme is betting on founders that believe they are crazy enough to change the world, as they are crazy enough to join you on the mission of building incredible solutions for Africa’s market.

Benefits

• 1 startup gets a fully funded trip to Cape Town to attend Africa’s largest investor gathering in November.
• All selected startups have up to $5,000 AWS Credit to support your ventures to scale.
• Selected startups will have access to Simba Money infrastructure and market access to accelerate their market penetration.
• Dedicated global venture experts to work with you at a personal level in navigating through your business frictions and enabling you to unlock new milestones.
• All selected startups will have their investment documentation fully done and shared with their pool of investors.
• Access to dedicated investor office hours with Africa’s most active investors.

Funding Information

• Up to 2 startups to receive funding between $20,000 and $100,000 from Ennovate Ventures and their co-investors.
• Up to $150,000 follow-on funding from their investor partners and DFIs.

Eligibility Criteria

• Post-revenue startups in Tanzania and across East Africa.
• At least 2 full-time founders and/or an active management team.
• Verifiable market traction, with relevant data to show business activities.
• Fully registered business within their local laws.
• Startup with compelling impact stories.

Selection Criteria

• Initial Application Review
  • Their team will carefully review all submitted applications.
• Interview with pre-selected startups
  • Shortlisted applicants will be invited for an interview.
• Selection Committee review meeting
  • The committee will evaluate interviewed startups.
• Final selection
  • Successful applicants will be notified of their selection.

For more information, visit Ennovate Ventures.