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The World Bank Group launched XL Africa, a five-month business acceleration program designed to support the 20 most promising digital start-ups from Sub-Saharan Africa. Start-ups will receive mentoring from global and local experts, learn through a tailor-made curriculum, increase their regional visibility, and get access to potential corporate partners and investors. With support from prominent African investment groups, XL Africa will help the 20 selected start-ups attract early stage capital between $250,00 and $1.5 million.

WORTH

We will help your company access capital, expand market share, and refine its business model through tailored mentorship, coaching, and networking opportunities. Here’s what we offer:

  • Structured access to investors throughout the program and at a Venture Showcase Day in South Africa.
  • Mentoring from at least two successful entrepreneurs or investors (global and local) to develop accurate company valuations, financial forecasts, risk management and customer acquisition strategies. Access to other expertise is provided based on your specific needs.
  • The opportunity to meet with investors, potential customers and partners as well as peers at an all-expenses paid residency in Cape Town, South Africa.
  • Support in developing investment packages so you’re ready for investment following the program.
  • Knowledge through curated content designed to teach you everything you need to know about marketing, financing and market expansion.

ELIGIBILITY

  • Your startup is for profit and registered, with a team of at least three people
  • Your team is based in one of the countries of Sub-Saharan Africa
  • You have a very strong management team
  • You have a digital product or service available on the market right now, with demonstrated tangible traction and evidence of revenue
  • You have potential to achieve scale
  • You are seeking investment capital in the range of $250K – $1.5m
  • While there will be exceptions, mostly likely your startup has already received investment capital, structured as either debt or equity, or received grants from donor organizations.

DEADLINE: June 12 2017

To apply and for more information visit here

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Toluwanimi Onibokun

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