The Growth Accelerator focuses on existing startups from Rwanda or Kenya with market-creating innovations i.e. businesses solving difficult problems and providing goods or services to a large number of people.
Sponsoring Agency: JASIRI
Type of Fund: Accelerator, Incubation, Mentorship and/or Training
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 06/30/2022
Size of the Fund: USD $50,000 to $500,000
The Growth Accelerator focuses on existing startups from Rwanda or Kenya with market-creating innovations i.e. businesses solving difficult problems and providing goods or services to a large number of people.
Focus Areas
The Growth Accelerator will assess and support businesses in 11 key areas which impact scaling and investor readiness.
- The areas are:
- Market Sizing
- Product & Value
- Growth Strategy
- Market Creating Innovations
- Growth Tools
- Creating a High-Performing
- Team
- Strategy & Execution
- Marketing & Sales
- Revenue Models
- Fundraising
- Problem- Solution
- Demo days
- Demo day is a live virtual event where businesses will pitch for investment funding. Businesses that meet JASIRI’s investment criteria will receive $75 000 funding and will also have the opportunity to receive additional investment from JASIRI’s network of Co-investors.
- Post Accelerator
- After successful completion of the accelerator, businesses will receive 9 additional months of growth monitoring and support. This will be in the form of coaching and mentoring sessions. Graduates of the Growth Accelerator will also have the privilege of joining the powerful and supportive JASIRI alumni network.
Funding Information
- Qualifying businesses will pitch for a USD75,000 investment from JASIRI and access further investment from angel investors and venture capitalists.
The structure of the Growth Accelerator is as follows:
- Acceleration:
- A 3-month personalized program to help businesses in the specific areas that need attention. The acceleration programme comprises tutorials, mentoring/ coaching sessions and pitch practices.
- Demo Day:
- Monthly simulations where businesses will rehearse and refine their pitches in preparation for the final demo day.
- Post Accelerator Support:
- A 9-month low-touch growth monitoring to support businesses to grow and reach key milestones.
Eligibility Criteria
To be accepted into the Growth Accelerator program, the Startups
must exhibit the following:
- Large potential market
- Market-Creating Innovation – potential to address non consumption ie trying to solve difficult problems and providing goods or services that were previously not accessible or affordable to a large number of people.
- Existing user base
- Generating revenue
- Consistent growth in revenue or user acquisition
- Proof of legal Registration and tax compliance in Rwanda or Kenya
More information at: https://twitter.com/Jasiri4Africa/status/1531952763634167808
Eligible Countries:
Kenya, Rwanda
Business Categories:
Business, Startups
