The Idea Foundation Seed Stage Accelerator is a three months long incubation program that empowers entrepreneurs to launch globally scalable innovation-driven startups that solve relevant local challenges.
Selection-Our selection process is a unique full-day workshop and pitch presentation (after a week) where participants are trained and equipped with the most relevant lean startup tools to conduct customer discovery and validation. Teams then pitch to demonstrate customer-problem fit. The teams are also trained and equipped with the tools and skills for business modeling. They develop a business model to be tested during the incubation period. Teams that pass the selection interview and already having proof of concept and early traction (users and customers) proceed to submit an application for seed funding to IDEA Foundation.
Training-Selected teams undergo an intense two weeks curriculum designed to quickly orient them into the nuances of business skills, entrepreneurship and lean startup techniques. The training will equip the participants with the knowledge and skills across entrepreneurship, business modeling, team development, business processes, presentation skills and pitching, product development and lean startup methodology. Classes take place in the evening from 5:30 to 8:30 pm and on Saturdays from 9:30 am to 12:30 pm.
Mentoring and Coaching-Teams will have access to top mentors and coaches from industry and Strathmore University.
MVP and Proof of Concept-Concurrently with the training, teams embark on building an MVP for proof of concept. They also run experiment to test the business model. The duration for this is one month. Teams pitch to demonstrate proof of concept and to submit application for seed funding.
Seed Funding-Applications for seed funding are submitted to the selection committee that approves them of review by the Idea Foundation Investment Committee. Applicants can apply upto KES. 500,000.
Who Should Apply
- The program is open to teams lead by Strathmore Students and Alumni only. Women and alumni are highly encouraged to apply.
- The program is open to small synergized entrepreneurial teams with balanced skill sets, relevant experience and passion to execute and succeed.
- Applicants must be Strathmore Students or Alumni (At least one applicant in the team).
- Applicants must be in a team of 2 to three people with relevant technical and business skills required in the startup.
- Applicants must be physically available to participate in the program during the entire duration of the program.
- Only the applicants that will successfully complete the selection workshop will be admitted into the program.
- Applicant must demonstrate innovation and address relevant local challenges with impact on the sustainable Development Goals
Themed Categories for the Program
- Agritech-Innovations in agriculture
- Edtech-Innvations in education
- Governance and Ethics
Duration: 3 months
- Open Call for Applications-27th April 2017
- Deadline call for applications-27th May 2017
- Incubation-May-August 2017
To apply to this call. Please fill in this form.
Elevation-w is an entrepreneurial technology academy that incubates individuals on their start-up career path. Their upcoming program in March is designed to bring 75 women entrepreneurs from around the world to undergo and intensive training program. Start-Up Nation Central is looking to fully sponsor two women entrepreneurs to attend the 3-day retreat and an additional week in Israel to meet with industry leaders.
What are they looking for?
- Start up entrepreneurs- in different stages from ideation to a proven track record.
- Investors, both angel and VC
- Industry leaders
- Community leaders and connectors
What are the Requirements?
- Written and spoken English
- Open to new experiences and willing to share you story!
What you need to know….
Applications Deadline: February 2nd 2015, and can be accessed here
All the Best!!!
Women from Africa and the Middle East are invited to apply for the fall 2014 TechWomen program, which includes mentorships and professional exchanges at leading companies in Silicon Valley, California, and concludes with workshops, networking events and meetings in Washington, DC.
“The doors that were opened and the resources that were availed to me through the TechWomen community are amazing.”_2013 participant from Zimbabwe