Applications for the Africa Startup Initiative Programme (ASIP) 2022 are now open! The program is for African tech startups with about EUR 15,000 in cash funding.
The Africa Startup Initiative Programme (ASIP) was founded by the CEO of Telecel Group, Moh Damush as a CSR activity. Telecel Group is the anchor partner for ASIP which is an ideal program for tech-oriented startups in Africa looking to scale up corporate and public sector partnerships.
ASIP skillfully scouts and scales early-stage startups through rigorous drilling via intensive coach and exposure to opportunities for pilots and proof of concept projects that eventually open doors for commercial agreement in the long term.
Telecel Group the official anchor partner for the program also partnered with Startupbootcamp (SBC) AfriTech in order for the ASIP accelerator program which has been contributing in a meaningful way to the African community to further reach young African startups whose innovative ideas are making a huge difference in their respective communities.
SBC Afritech has also recorded incredible success so far. Kickstarted in 2017, the first SBC program facilitated about 40 spectacular African startups that have set a high expectation of subsequent programs.
- 50% of the startups’ initial funds have closed rounds at evaluations worth more than 10x since Demo day
- 40% of them have successfully raised follow on rounds of funding
- 90% are still in operation and soaring at impressive rates
The Africa Startup Initiative Programme (ASIP) 2022 Requirements:
For eligibility, each startup
- must be formally incorporated
- have at least 2 employees working on the project and committed to it by at least 50% of their time
- must have users already exploring the products or services rendered
- is presently generating revenue from the product or services
Why you should participate in the Africa Startup Initiative Programme (ASIP) 2022
3- Month intensive course: there is going to be an intense 3- month program designed to assist entrepreneurs to scale their fast industry-changing tech businesses
Masterclasses: sessions will be led by experts covering all required scaling fundamentals ranging from lean methodology, business model canvas to fundraising.
Corporate Partners: networking to leading corporate bodies in individual industries for pilot projects, partnership privileges, and as customers.
Global Network: access to a global network of mentors, experts in the industry, corporate partners, and alumni across over 40 countries.
Tailored Mentorship: access to 1000+ carefully selected mentors who will be providing hands-on support and worthwhile introductions.
Coworking Space: access to free deks to your team members in a dynamic co-working space for a span of 3-month( depending on the recent pandemic).
Living Expenses: a grant of EUR 15,000 in cash for each team to cover living expenses during the course of the program.
Perks and Discount: over EUR 500k+ with exclusive partnership deals from leading tech providers like Amazon, SendGrid, Hubspot, and others.
Alumni Growth Program: continuous post-program support after the 3-month program through annual alumni-only events, deals, and tailored introductions.
Industry Events: exclusive opportunities to partake in leading commerce conferences and events.
Investor Access: meeting the most active VCs and Angel Investors in the individual industries from across the globe.
Demo Day: a day to celebrate team achievements during the program with over 400 investors, corporates, mentors, and press attendees.
During the covid pandemic, SBC launched Accelerator Squared as a digital platform that aids startups to access the entire library of content, group workshops, one on one mentoring, collaborative sessions with entrepreneurs in Residence, and invite-only discussion forums with founders across the world.
The program took a hybrid format and begins in Dakar, rounding up in a physical Demo Day where startup founders pitch their soothing solutions to a range of audiences of media, investors, corporate partners, and industry stakeholders.
The successful 10 startups in the program will receive benefits evaluated at about over EUR 500k including, credits from AWS, Google cloud services, Hubspot, and much more. ASIP Accelerator program will also invest about EUR 15,000 in cash to each startup team.
For more information: Visit Africa Startup Initiative Programme (ASIP) 2022 official webpage.