$50,000 Equity Funding: How to Apply for Innovest Ignite Cohort 2 in Abuja

13 Sep 2024

Global accelerator, Innovest Ignite is now accepting applications for its second cohort in Abuja, offering early-stage startups a unique opportunity to accelerate their growth and impact. Designed for entrepreneurs of African descent, this 8-week, fully remote program is tailored to pre-seed and seed-stage startups ready to disrupt their local markets. The program, which began its first edition in Lagos earlier this year, is now bringing its resources, mentorship, and investor connections to Abuja.

Who Should Apply?

The Innovest Ignite Cohort 2 is open to startups across all sectors that are solving challenges aligned with the United Nations Sustainable Development Goals (SDGs). If you’re an early-stage startup with a strong team (solo founders are not eligible) and a business model that has the potential to scale, this program is for you. The accelerator is ideal for startups with innovative solutions that are poised to make a significant impact in their communities and beyond.

What to Expect?

Selected startups will join a cohort of 10-20 companies, ensuring that each participant receives personalized guidance and support. The program offers:

  • Entrepreneurial Training: A curriculum led by seasoned founders and industry experts, covering essential topics like product-market fit, business models, revenue strategies, pitching, team building, and scaling operations.

  • Mentorship and Investor Access: Participants will benefit from one-on-one sessions with experienced mentors and have the chance to attract investor interest during the program.

  • Demo Day: The program will culminate in a live Demo Day event in Abuja, where startups will pitch their businesses to an audience of investors, industry leaders, and ecosystem partners.

  • Funding Opportunities: The Innovest Afrika Innovation Fund will invest up to $50,000 in equity in the top-performing startups from the cohort.

  • Post-Program Support: Graduates will gain access to the Innovest Afrika Alumni community, which offers continued mentorship, advanced workshops, networking opportunities, and subsidies from strategic partners in legal, financial, and technology services.

Click here to apply.

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