Call For Applications: Founders Factory Africa Gen F Entrepreneur In Residence( up to $250k)

August 15, 2023August 15, 2023 press_admin 0 Comments

Join the Gen F Entrepreneur In Residence studio

Turning startup concepts into reality in 12 weeks through our Venture Design Studio and funding to validate your ideaGen F is powered by Founders Factory Africa, Founders Factory Africapowers Gen F one of the continent’s largest and most active, hands-on investors.Bootstrapping a new idea is hard. It requires certain skills and most founders can’t take the financial risk.How can Gen F help you build?They give you a monthly stipend, experimentation budget, and access to experts to test and launch your idea.You’ll then qualify to pitch for up to $250k in further funding to launch it.The Gen F deal

A 12-week sprint with our Venture Design Studio$ 5 000 test and learn budget to validate your ideaUpon internal approval, up to $250 000 investmentTargeted support from FFA’s expert team

Who is Gen F for?

Exceptional founders/aspiring entrepreneurs looking to build out and test their ideas, achieve commercial success, and create outsized, systemic impact.Outstanding professionals and domain experts looking to make the transition from the corporate environment to entrepreneurship.Founders looking to build tech solutions that solve Africa’s largest problems and catalyze change.Entrepreneurs who have a keen eye for local market gaps and a sharp sense of local problems that they are passionate about solving.

Eligibility

Aspiring founders with the relevant background to build a VC-backable startup. Thesecould be:Former startup founders who understand what it takes to build startup ideasDomain experts who have a unique insight into the problem they are trying to solveCorporate professionals looking to move into entrepreneurship due to a gap in the market that they have identifiedSenior operators who have worked in an African startup previouslyFounders with a well-researched concept solving a deep African problem in a large marketFounders who are able to commit full-time to refine and validate their concept for 10-12 weeks, and then move full-time into their startupIdeas with high potential for commercial returns, with embedded impactFounders who are at the earliest stages of building their startup idea (pre-revenue)

Benefits