{"id":15062,"date":"2023-09-28T11:29:57","date_gmt":"2023-09-28T11:29:57","guid":{"rendered":"https:\/\/presspay.ng\/news\/?p=15062"},"modified":"2023-09-28T11:30:00","modified_gmt":"2023-09-28T11:30:00","slug":"female-founders-growth-program-nigeria","status":"publish","type":"post","link":"https:\/\/presspay.ng\/news\/female-founders-growth-program-nigeria\/","title":{"rendered":"Female Founders Growth Program Nigeria"},"content":{"rendered":"\n<p>The Female Founders Growth Program is specially designed in partnership with the&nbsp;<a href=\"https:\/\/www.ifc.org\/en\/home\">International Finance Corporation (IFC)<\/a>, and&nbsp;<a href=\"https:\/\/www.weavcapital.com\/\">WEAV Capital<\/a>&nbsp;designed to support female-led tech start-ups in Nigeria. The selected startups will&nbsp;partake in a world-class Investment Readiness Programme designed to support high-potential female-led tech companies to raise capital. The program will be delivered jointly by the IFC and WEAV Capital.<\/p>\n\n\n\n<p>Selected startups will benefit from tailored-made and immersive sessions focused on improving their business model, developing their fundraising strategy, and preparing their data room for investors. Selected start-ups will also benefit from rigorous training on financial management, cash flow optimization, and on investment readiness for both equity and debt funding.<\/p>\n\n\n\n<p>Each participant will also benefit from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Matching with a business coach from leading global institutions to work with their business.<\/li>\n\n\n\n<li>Expert office hours with seasoned subject matter experts across various fields.<\/li>\n\n\n\n<li>Networking with leading investors in venture capital and venture debt.<\/li>\n<\/ul>\n\n\n\n<p>The 6-week virtual program will commence in mid-October and end in November culminating with a Demo-day showcase, where founders will have the opportunity to pitch to a pool of investors, accelerators, and business leaders. The top pitch will win non-equity funding of $10,000. All selected start-ups will have the potential to receive funding from participating investors in the program.<\/p>\n\n\n\n<p><strong>Eligibility:<\/strong><\/p>\n\n\n\n<p>To be eligible for the program, companies need to meet the following criteria:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Have a female founder or co-founder (at least one female needs to be on the founding team)<\/li>\n\n\n\n<li>Have a Minimum Viable Product and some initial users.<\/li>\n\n\n\n<li>Achieved annual revenues between $50,000 and 1 million.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Received less than $500,000 in funding.<\/li>\n\n\n\n<li>Been in operation for more than a year, but less than 5 years.<\/li>\n\n\n\n<li>Be a technology or technology-enabled business in any sector<\/li>\n\n\n\n<li>Be an early-stage (pre-seed or seed) company seeking to raise an institutional round of funding to develop their product to the next stage of growth.<\/li>\n<\/ul>\n\n\n\n<p><strong>Duration<\/strong><\/p>\n\n\n\n<p>The 6-week virtual program will commence in mid-October and end in November.&nbsp; The time commitment required for the program is approximately 5 hours a week.<\/p>\n\n\n\n<p><strong>Program Design<\/strong><\/p>\n\n\n\n<p>The Female Founders\u2019 Growth Programme will be held for a total period of 6 weeks and will consist of Mentorship sessions, Masterclasses, and an Investor Pitch Day.<\/p>\n\n\n\n<p>The Growth Programme will provide participants access to the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Access to qualified, experienced faculty via the Masterclasses and Mentoring Sessions.<\/li>\n\n\n\n<li>Access to IFC\u2019s Financial Management Training Programme<\/li>\n\n\n\n<li>Non-equity grant of $10,000<\/li>\n\n\n\n<li>Access to Community and Support from Peer Founders.<\/li>\n\n\n\n<li>Access to a Community of leading entrepreneurs.<\/li>\n\n\n\n<li>Access to Funding and Investment opportunities.<\/li>\n<\/ul>\n\n\n\n<p><strong>Deadline: &nbsp;October 6th, 2023&nbsp;<\/strong><\/p>\n\n\n\n<p><strong>Click&nbsp;<a href=\"https:\/\/businessbanking.fsdhgroup.com\/ffgp\/\">HERE<\/a>&nbsp;To Apply<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Female Founders Growth Program is specially designed in partnership with the&nbsp;International Finance Corporation (IFC), and&nbsp;WEAV Capital&nbsp;designed to support female-led<\/p>\n","protected":false},"author":1,"featured_media":15063,"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-15062","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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