{"id":13759,"date":"2023-08-15T16:09:42","date_gmt":"2023-08-15T16:09:42","guid":{"rendered":"https:\/\/presspay.ng\/news\/?p=13759"},"modified":"2023-08-15T16:09:45","modified_gmt":"2023-08-15T16:09:45","slug":"call-for-applications-founders-factory-africa-gen-f-entrepreneur-in-residence-up-to-250k","status":"publish","type":"post","link":"https:\/\/presspay.ng\/news\/call-for-applications-founders-factory-africa-gen-f-entrepreneur-in-residence-up-to-250k\/","title":{"rendered":"Call For Applications: Founders Factory Africa Gen F Entrepreneur In Residence( up to $250k)"},"content":{"rendered":"\n<p><span class=\"text-span-10\" style=\"color: rgb(34, 34, 34); font-family: Verdana, Geneva, sans-serif; font-size: 15px; white-space-collapse: collapse; box-sizing: border-box;\">Join<\/span><span style=\"color: rgb(34, 34, 34); font-family: Verdana, Geneva, sans-serif; font-size: 15px; white-space-collapse: collapse;\">\u00a0the<\/span><span class=\"text-span-9\" style=\"color: rgb(34, 34, 34); font-family: Verdana, Geneva, sans-serif; font-size: 15px; white-space-collapse: collapse; box-sizing: border-box;\">\u00a0Gen F Entrepreneur In Residence<\/span><span style=\"color: rgb(34, 34, 34); font-family: Verdana, Geneva, sans-serif; font-size: 15px; white-space-collapse: collapse;\">\u00a0<\/span><span class=\"text-span-3\" style=\"color: rgb(34, 34, 34); font-family: Verdana, Geneva, sans-serif; font-size: 15px; white-space-collapse: collapse; box-sizing: border-box;\">studio<\/span><p class=\"heading-62\" style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 26px; overflow-wrap: break-word; color: rgb(34, 34, 34); font-family: Verdana, Geneva, sans-serif; font-size: 15px; white-space-collapse: collapse;\">Turning startup concepts into reality in 12 weeks through\u00a0our 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\u2019s largest and most active, hands-on investors.Bootstrapping a new idea is hard. It requires certain skills and most founders can\u2019t take the financial risk.<strong style=\"box-sizing: border-box;\">How can Gen F help you build?<\/strong>They give you a monthly stipend, experimentation budget, and access to experts to test and launch your idea.You\u2019ll then qualify to pitch for up to $250k in further funding to launch it.<strong style=\"box-sizing: border-box;\">The Gen F deal<\/strong><li style=\"box-sizing: border-box; line-height: 24px; margin-left: 21px;\">A 12-week sprint with our Venture Design Studio$ 5 000 test and learn budget to validate your ideaUpon internal approval, up to $250 000 investmentTargeted support from FFA\u2019s expert team<\/li><strong style=\"box-sizing: border-box;\">Who is Gen F for?<\/strong><li class=\"list-item\" style=\"box-sizing: border-box; line-height: 24px; margin-left: 21px;\">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\u2019s 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.<\/li><strong style=\"box-sizing: border-box;\">Eligibility<\/strong><div class=\"text-block-34\" style=\"box-sizing: border-box;\">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)<\/div><strong style=\"box-sizing: border-box;\">Benefits<\/strong><h6 class=\"heading-73\" style=\"box-sizing: border-box; font-family: Roboto, sans-serif; color: rgb(17, 17, 17); font-weight: 400; margin: 21px 0px 11px; font-size: 16px; line-height: 24px;\">During GenF, Founders Factory Africa provides:$3 000 stipend for founder for 3 months$5 000 once-off to run market validation experimentsWorking closely with the venture builders to refine your concept and help you prep for ICIf Investment Committee approved:Free access to their studio services to launch your startupUp to $250 000 in funding is available<\/h6>Deadline: Applications are on a rolling basis<strong style=\"box-sizing: border-box;\">Click\u00a0<a style=\"box-sizing: border-box; background-color: transparent; color: rgb(77, 178, 236); text-decoration-line: none;\" href=\"https:\/\/www.foundersfactory.africa\/gen-f-eir-initiative\">HERE<\/a>\u00a0To Apply<\/strong><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Join\u00a0the\u00a0Gen F Entrepreneur In Residence\u00a0studio Turning startup concepts into reality in 12 weeks through\u00a0our Venture Design Studio and funding to<\/p>\n","protected":false},"author":1,"featured_media":13760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[43],"tags":[],"class_list":["post-13759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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