Spring Fellowship is a 4-month accelerator program backed by global corporate leaders and created by Kinaya Ventures. Spring Fellowship will take place mainly in Abidjan and is open to 8 African startups operating across AgTech, FoodTech, MarTech/AdTech, RetailTech.
What does it solve?
2018 was a monumental year for African startups, with US$ 1.163 billion raised in equity funding, a 108% YoY growth. But despite their capacity to develop disruptive solutions, products, services, 80% of African startups fail to succeed in their first year of existence. The top 3 reasons known are the inadequacy between their solutions and prospective clients’ needs; the lack of financing; the absence of depth of market. Hence, the fellowship will aid the startups in Africa to circumvent the stated issues.
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Who is Kinaya Ventures?
Kinaya Ventures is a Dakar / Abidjan based innovation and investment platform co-founded by two inspiring African entrepreneurs Laïssa Mouen and Eva Sow Ebion, backed by leading corporates partnerships and lifted by a leading team with key expertise in startups ecosystem, digital marketing, and investment. Kinaya Ventures’ mission beyond connecting the dots between startups, corporates and investors, is to up-skill entrepreneurs and help them scale. Kinaya Ventures’ ambition is to act as a digital ecosystem enabler in Francophone Africa and beyond.
Spring Fellowship will offer seed funding tickets of USD $15,000 per startup, as well as operational and expertise support.
Spring Fellowship is designed for a broad spectrum of entrepreneurs, whether it be founders or representing a team of early to growth-stage startups looking for traction, to penetrate new markets, and specialized in one of the following verticals:
Eligible Regions: Africa
Apply online through the given link. https://vc4a.com/kinaya-ventures/spring-fellowship/
For more more information, visit: https://springfellowship.com
Application Deadline: July 7, 2019.