World Bank Group XL Africa Business Acceleration Program 2017
The World Bank Group launched XL Africa , a five-month business acceleration program designed to support the 20 most promising digital start-ups from Sub-Saharan Africa. Start-ups will receive mentoring from global and local experts, learn through a tailor-made curriculum, increase their regional visibility, and get access to potential corporate partners and investors. With support from prominent African investment groups, XL Africa will help the 20 selected start-ups attract early stage capital between $250,000 and $1.5 million.
Eligibility Requirements
- Your start-up is for profit and registered, with a team of at least three people
- Your team is based in one of the countries of Sub-Saharan Africa
- You have a very strong management team
- You have a digital product or service available on the market right now, with demonstrated tangible traction and evidence of revenue
- You have potential to achieve scale
Participate in the residential program in South Africa for two weeks in November 2017.
Engage with 19 other African enterprises, along with mentors, investors and strategic partners.
Come with an open mind and be willing to learn and collaborate.
- Engage regularly with mentors (4-6 hours a month) over five months. Remember it’s a two-way street – both mentors and mentees learn and commit to this relationship. In many cases, we expect these relationships to last long after the program has ended.
- Over 5 months, participate in four virtual webinar sessions run by global experts with inputs from leading African and US investors and successful entrepreneurs.
- Participate in the residential program in South Africa for two weeks in November 2017.
- Engage with 19 other African enterprises, along with mentors, investors and strategic partners.
- Come with an open mind and be willing to learn and collaborate.
Benefits:
- Structured access to investors throughout the program and at a Venture Showcase Day in South Africa.
- Mentoring from at least two successful entrepreneurs or investors (global and local) to develop accurate company valuations, financial forecasts, risk management and customer acquisition strategies.
- Access to other expertise is provided based on your specific needs.
- The opportunity to meet with investors, potential customers and partners as well as peers at an all-expenses paid residency in Cape Town, South Africa.
Application Deadline: June 12, 2017
Program dates : August 1 – December 31, 2017
For more information on how to apply here.
