Open Startup (OST) Investment Readiness Program 2024 for African Startups
Grow is a 12-month investment readiness program designed for advanced startups in Africa.
Developed in collaboration with AfricaGrow, BPI France, Go Ventures, and Africinvest Group, GROW aims to support African startups that fundraised up to 350K USD and are aiming to reach their first 1M USD and expand their businesses in new markets.
Summary of the ProgramÂ
- Type: Entrepreneurs
- Sponsor: Open Startup (OST)
- Eligible Countries: African Countries
- Funding Type: Partially Funded
- Benefits: Hands on Support, Business Assessment, Investor Access
- Deadline: August 31, 2024
Requirements for Investment Readiness Program
- Startups who raised 250k and looking to raise up to $1M, or they have significant sales/traction (about $500k ARR in revenues)
- Startups impacting Africa: Operating in Africa. Creating jobs in Africa
- 2-4 co founders: At least one African cofounder.
Benefits of Investment Readiness Program
- Business Assessment:Curated workshops & personalized content with a focus on fundraising.
- Hands-on support:Â Including 1:1 meetings, world-class coaching (Technology, peer, industry…), progress check-ins.
- Talent Fellowship:Â Benefit from a fellowship that provides financial assistance to hire talent.
- Community:Â Join a diversified & vibrant startup community.
- Technical Assistance:Access expert guidance to optimize your IT systems, intellectual property, code quality, and data security.
- Investor Access:Â Connect with a wide network of individual and institutional investors from the MEA region, pitch your startup, and secure potential investment opportunities.
- Regional Exposure:Â Benefit from financial support to participate in international ecosystem events and expand your presence in new markets.
Deadline:Â 31st August, 2024.
