What's the offer?

What are some of the benefits that come along with
signing up with Innovate Ventures.

Acceleration

Access to Talent

Access to Capital

Acceleration:

The 12-week accelerator programme is structured to help entrepreneurs and startups to succeed and fail faster. Yes, it is far better to fail quickly, and realize your mistakes early in the process and we work with startups on their ideas. The programme will help you identify if you’re headed down the wrong path and help iterate quickly from any ambiguity in your business model faster to succeed.

Access to Talent

  • Mentors:

    The programme provides startups and entrepreneurs with access to mentors of tremendous experience in an array of fields such as: product development, technical architecture, customer development, sales, finance and operations.

  • Fellow Incubator Startups:

    Network and develop relationships with other fellow startups including a community of startups from previous Innovate programmes. Become a member of the Silicon Horn ecosystem.

  • Team Members:

    Innovate accelerator programmes enables entrepreneurs to surround themselves with other driven startups, individuals, and prospective highly talented teammates.

Access to Capital

Make a case for raising investment capital in exchange for equity on the “demo day” - an intensive day of startup pitches to an audience of well-respected investors including access to Innovate Ventures Fund. Demo day is an entrepreneur’s day to show off what his or her team has accomplished during the 12 week acceleration programme. Demo day allows investors and entrepreneurs the opportunity to connect and explore collaborative opportunities worthy of investment capital and invaluable advice and expertise.

What we are looking for?

We are looking for ambitious startups with a technology element to their business. We believe technology is a true enabler of growth and that’s why we focus on it being a key element of any business we select into the programme. We believe hackers with entrepreneurship mind-set are the most productive when they spend their time hacking ideas that show a strong scalable business case. Our goal is to foster and create an environment where companies have access to capital, community, connections.

We are looking for entrepreneurs and startups that possess the following characteristics:

  • Start-up founders under 35 years old
  • Technology-oriented business
  • Located in either Somalia or Somaliland
  • Passionate, discipline, organized and technology Savvy individuals
  • A positive attitude and commitment to making a difference in the community in the long run

We select based on the following criteria:

  • Quality of the team
  • Scalability of the business model
  • Prior business experience
  • Customers / traction to-date

Important Dates

May

Applications for 2017 Accelerator Programmme open

July

Shortlist & interviews

Aug - Nov

Accelerator Programme for 2017 runs