ARM Labs Innovation Program 6.0 for early-stage Entrepreneurs ( Up to $50,000 in funding)

April 30, 2024April 30, 2024 press_admin 0 Comments

ALIP is a pre-accelerator program designed to support early-stage startups and aspiring tech founders. It provides guidance, resources and mentorship to refine business ideas, develop products or services and prepare participants for further acceleration and investment readiness.

Over a period of 8 weeks, we work closely with every startup, with a primary focus on enhancing their product, market strategies, and team dynamics, to ensure they are prepared for success. The program offers access to the ARM network, exclusive deals from partner organizations, and expert mentors from the fintech industry who offer practical guidance and key introductions.

Eligibility Criteria:

Startups at the pre-seed stage are eligible to apply (must have received/raised less than 500k prior to applying for the program)
Startups must have demonstrated market demand for the product or services provided. This must include a specified number of active customers, or a demonstrated growth rate.
The founding team should be full-time, committed and willing to participate in the program.
Evidence of market validation including user traction, customer feedback and initial revenue streams.
Hybrid: Virtual or in-person communication, is a requirement depending on the session
The startups must accept terms of investment prior to entering ALIP.
You must be a legal registered entity in Nigeria.

Benefits:

Strategic Investment

Startups that complete ALIP and meet all program requirements can receive up to $50,000 investment from ARM in exchange for 6% equity.

Mentorship

Engage with experienced mentors and industry experts throughout the program.

Tailored Curriculum

ALIP’s curriculum is designed to cover critical aspects of business development, including the POEM framework (Proposition, Organization, Economics & Milestones).

Market Access And Networking