Deadline: 9 August 2023
Techstars is pleased to announce a call for applications for the ARM Labs Lagos Techstars Accelerator Program that invests in early-stage startups based in Africa.
Techstars accelerators have one goal: to help entrepreneurs succeed. During each three-month program, they surround companies with the best mentors and an unrivaled network of corporate partners, investors, and alumni.
They provide funding and fundraising opportunities, workshops and curated resources, not to mention countless moments where you can learn from your peers. It’s a proven model that’s helped build thousands of successful companies, all over the world.
Benefits
- Access to Techstars resources for life;
- Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office space;
- Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members;
- Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $5M;
- Demo Day exposure and other investor connections.
- Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.
Funding Information
- Techstars’ primary investment is at the accelerator stage, and they also have a dedicated follow-on fund to continue to invest in portfolio companies as they grow.
- They make a first investment of up to $120,000 in each company at the time of the accelerator program: a $20,000 equity investment for the right to 6% in common shares, and an optional $100,000 convertible note. Techstars will also receive 6% of the Token Reserve if a company is conducting a Network Launch using distributed ledger technology (an ICO, SAFT, token event, etc).
Eligibility Criteria
- They fund all types of startups, working in most verticals, using any type of business models. Do keep in mind, however, that their focus is on startups rather than small businesses.
- Unfortunately, at this time they are not financially supporting any events outside of Techstars.
- They provide financial support to organizations committed to increasing diversity in entrepreneurship.
For more information, visit Techstars.
