Africa Startup Initiative Program ASIP Accelerator Program worth (EURO 50 000 funding to each startup): Apply now!

Location

Africa

Hosting Institution

Telecel group

Application Deadline: 11 November 2022

Overview of the ASIP Accelerator Program

We are looking for the next generation of African startups disrupting industry sectors including AgriTech & Supply Chain, IoT & Connectivity, Machine Learning (Data Analytics), Cybersecurity, Clean Tech and RegTech.

Check out our ASIP Accelerator Program Video

Backed by anchor partner Telecel Group, the program is ideal for tech-oriented startups looking to scale through corporate and public sector partnerships. We scout, skill, and scale early-stage startups through intensive coaching and opportunities for pilots and Proof of Concept projects that subsequently open the doors for longer-term commercial agreements.

Our additional partners to achieve this include the Government of Senegal, through DER/FJ, a youth and women empowerment structure set up by the President of the Republic of Senegal. With the help of DER/FJ startups will gain public-sector knowledge and support which presents an opportunity to further scale their impact.

During the scouting period for the first cohort, we received a record 2200 applications and selected 11  Pan-African startups to participate in the inaugural ASIP Accelerator Program. The program began on July, 05th 2021, and participating startups had access to Startupbootcamp’s Accelerator Squared platform and other tools and networks that they needed to prove their concepts, scale their operations and in some cases, transform their business models.

All of this culminated in a hybrid Demo-day, which was held at the D-hub in Dakar, a space commissioned by the President of Senegal to support entrepreneurs throughout Senegal.

Now it is your turn!!!!

Are you looking to take your start-up to the next level? Are you ready to build a sustainable, repeatable business model using lean methodology? Are you ready to scale your impact through collaboration with the private and public sectors?

The Telecel ASIP Program, powered by Startupbootcamp Afritech is where you should be

The Africa Startup Initiative Program is a program founded by Moh Damush, Telecel Group CEO as a CSR activity.  Telecel Group then partnered with Startupbootcamp AfriTech to create the ASIP Accelerator Program which contributes in a meaningful way to the African community to help the young Startups in Africa whose innovative ideas are creating a difference in their communities.

Starting in 2017, the first SBC AfriTech program accelerated 40 incredible African startups that have set an incredibly high bar for the next program.

• 88% are still operating and scaling at impressive rates
• 50% of our startups are self sustaining based on the commercial contracts
• The average increase in valuation for startups raising capital is 4x- 10x post-Demo Day

What to expect

During the Covid pandemic, SBC launched Accelerator Squared as a fully online platform that enables startups to access the complete library of content, group workshops, 1:1 mentoring, collaborative sessions with Entrepreneurs in Residence, and invite-only discussion forums with founders from around the globe.

The Program takes a hybrid format and begins in Dakar, culminating in a physical Demo Day where startup founders pitch their disruptive solutions to a broad audience of media, investors, corporate partners, and industry stakeholders.

The 10 startups in the program will receive benefits valued at more than EUR 500,000, including credits from AWS, Google Cloud Services, Hubspot, and many more. ASIP Accelerator also invests EUR 15,000 in cash to each startup.

If you believe you could be their next rising star, apply now!

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About Startupbootcamp AfriTech

Startupbootcamp AfriTech was launched in 2017 as the first multi corporate-backed pan-African startup accelerator. We run world-class accelerator programs, working with some of the most disruptive startups on the continent. We provide access to our global network of corporate partners, investors, and mentors. For more information visit: http://bit.ly/sbcafritech 

About Telecel Group

Telecel Group operates in four different lines of Business all under the telecom industry: (1) Telecel Mobile, owns and operates several mobile operators in Africa. (2) Telecel Global, offers a multitude of services to MNOs such as VOICE, SMS, DATA, IPTV, international traffic, VAS, and Quadruple play. (3) Telecel Play Application with an African identity innovating the E-Commerce. (4) Africa Startup initiative program, which targets innovative startups in the region of Africa while offering them support and guidance.

For more information on the Telecel Group program, visit http://asiprogram.com/

About Der/FJ

Der/FJ is an institution under the authority of the Presidency of the Republic of Senegal and it was launched by President Macky Sall in 2018 in order to support entrepreneurs throughout Senegal. This support is given through both financial and non-financial services, with an emphasis on sectors that include technology and innovation, hence the creation of the D-hub incubator. For more information about DER/FJ visit https://der.sn/

BENEFITS:

3-Month Program

An intense 3-month program designed to support entrepreneurs scale their industry-changing technology businesses.

Masterclasses

Expert-led sessions covering all scaling fundamentals – from business model canvas, lean methodology to fundraising

Corporate Partners

Connections to the leading corporates in your industry for pilot projects, partnership opportunities, and as customers

Global Network

Unmatched access to a global network of mentors, corporate partners, industry experts, and alumni across 40+ countries

Tailored Mentorship

Over 1000 carefully selected mentors who provide hands-on support and valuable introductions

Coworking Space

Free desks for your entire team in a dynamic co-working space for the duration of the 3-month program (pandemic depending)

Living Expenses

€15K in cash per team to cover living expenses during the program

Perks & Discounts

More than €500K+ in exclusive partner deals from leading technology providers such as Amazon, HubSpot, SendGrid, and others

Alumni Growth Program

Continued post-program support far after the 3-month program through annual alumni only events, deals and tailored introductions

Industry Events

Exclusive opportunities to take part in leading Commerce conferences and events

Investor Access

Meet the most active VCs and Angel investors in your industry from around the world

Demo Day

A day to celebrate your achievements during the program with 400+ investors, corporates, mentors and press attendees

Startupbootcamp NXT

Upon completion of the program, startups will gain access to our extensive Global Alumni network. Furthermore, teams will be invited in our ‘SBC NXT’ Alumni support program, through which we provide 8 relevant Alumni services throughout the lifetime of the startups and beyond.

What we ask in return

In return, Startupbootcamp gets 8% equity in each company. We don’t take board seats, and we don’t get preferred shares. We strive to be the world’s most useful co-founders.

VISIT THE OFFICIAL WEBSITE HERE TO APPLY

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