Application Deadline: June second 2017
The Safaricom Foundation Technology for Good Accelerator is a three months in length brooding and seed-financing program that engages business people to dispatch all inclusive versatile portable tech driven new businesses that understand applicable neighborhood challenges.
Points of interest:
Choice: Our choice procedure is an exceptional entire day workshop and pitch introduction (following seven days) where members are prepared and furnished with the most important startup instruments to lead client disclosure and approval. Groups then pitch to show client issue fit. The groups are additionally prepared and outfitted with the devices and aptitudes for business demonstrating. They build up a plan of action to be tried amid the hatching time frame.
Determination and qualification Criteria:
Must be enrolled to direct business in Kenya as per Kenyan law
Must exhibit the advancement and how it connects to the Safaricom Foundation key
Must exhibit ability to create and reveal the answer for the advantage Kenyans
Must exhibit how they have included accomplices and the group that will profit by the advancement
Potential developments will be hatched for three months after which those chosen will be supported
Installments will be paid in light of pre-concurred points of reference
There will be grants to take the development to sending and scale levels.
This is a development challenge support and the Foundation maintains whatever authority is needed to take a value stake in the last item (arranged)
The emphasis is on the advantage of the advancement to convey change to the group
Those chosen must will to be brooded for three (3) months at @iBizAfrica, Strathmore University
The store does not support operational or calculated expenses
The determination will be by a council included people from Strathmore University, Safaricom Foundation, Mpesa Foundation accomplices, Safaricom Innovation and Technology divisions
Preparing Selected groups experience a one day preparing imagination and advancement and an exceptional two weeks educational modules intended to rapidly arrange them into the subtleties of business abilities, enterprise and lean startup systems. The preparation will furnish the members with the learning and abilities crosswise over enterprise, business demonstration, group improvement, business forms, introduction aptitudes and pitching, item advancement and startup procedure. Classes happen at night from 5:30 to 8:30 pm and on Saturdays from 9:30 am to 12:30 pm.
Tutoring and Coaching-Teams will have entry to top guides and mentors from industry and Strathmore University.
MVP and Proof of Concept-Concurrently with the preparation, groups set out on building a MVP for verification of idea. They likewise run examination to test the plan of action. The length for this is one month. Groups pitch to show evidence of idea and to submit application for seed financing.
Seed Funding-Applications for seed subsidizing are submitted to the venture advisory group for audit and endorsement. Candidates can apply upto KES. 5,000,000 in financing.
Who Should Apply
Groups of a most extreme of a greatest of three individuals by:
Kenyan youth (18-35 years)
National and group based non-legislative associations
Religious and common society associations
scholarly and explore establishments
development center points and the private segment
Groups must have the important specialized and business limit required to effectively execute the business
Themed Categories for the Program
3. Monetary strengthening
4. Ecological preservation
8. Poverty alleviation
Term: 3 months hatching, 3 months post-brooding backing
Open Call for Applications-second May
Due date call for applications-second June
Brooding June-August 2017
For More Information:
Visit the Official Webpage of the Safaricom Foundation Technology For Good Accelerator 2017