{"id":16992,"date":"2023-11-27T11:23:41","date_gmt":"2023-11-27T11:23:41","guid":{"rendered":"https:\/\/presspay.ng\/news\/?p=16992"},"modified":"2023-11-27T11:23:45","modified_gmt":"2023-11-27T11:23:45","slug":"call-for-applications-africa-startup-law-accelerator-2023","status":"publish","type":"post","link":"https:\/\/presspay.ng\/news\/call-for-applications-africa-startup-law-accelerator-2023\/","title":{"rendered":"Call For Applications: Africa Startup Law Accelerator 2023"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>About<\/strong><\/h3>\n\n\n\n<p>The Africa Startup Law Accelerator will bridge the gaps by providing a tailor-made 12-week virtual program designed to accelerate the business growth, legal setup &amp; compliance, operational capacity and impact of early-stage and growth-stage startups working on legal-tech and justice innovations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Training Program Features<\/strong><\/h3>\n\n\n\n<p>The 12-week virtual training program of the Africa Startup Law Accelerator focuses on the following among others:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Business Structuring &amp; Legal Compliance:<\/strong>&nbsp;How to structure your business to avoid legal risks and to achieve legal compliance in the sector your startup operates in.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Product Development:<\/strong>&nbsp;How to refine your product using human-centered design to improve the user experience.<\/li>\n\n\n\n<li><strong>Commercial Strategy:&nbsp;<\/strong>How to identify the market opportunity, navigate operational bottlenecks, create growth strategies and explore new business models &amp; revenue streams.<\/li>\n\n\n\n<li><strong>Marketing &amp; Branding:<\/strong>&nbsp;How to define your target audience, create marketing goals &amp; strategies, digital marketing and build a brand.<\/li>\n\n\n\n<li><strong>Business Development, Sales &amp; Partnership Building:<\/strong>&nbsp;How to build sales strategies, how to build and manage partnerships, business presentation and negotiation skills.<\/li>\n\n\n\n<li><strong>Financial Modelling &amp; Analysis:<\/strong>&nbsp;How to prepare financial statements, build financial models, forecasting, revenue assumptions and analyze financial outcomes.<\/li>\n\n\n\n<li><strong>Investor Readiness &amp; Fundraising:<\/strong>&nbsp;How to prepare investor decks, storytelling, understanding the different types of funding, and the basics of valuation calculation.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Program Benefits<\/strong>:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Access to the Lawyers Hub community of African Lawyers for customer discovery, product testing and growth.<\/li>\n\n\n\n<li>Opportunity to showcase your legal-tech startup at the annual Africa Law Tech Festival and Africa Legal Innovation Week.<\/li>\n\n\n\n<li>Tailor-made and practical virtual training program for scaling legal-tech startups delivered by industry experts.<\/li>\n\n\n\n<li>Investment readiness support and connection to legal-tech investors for funding.<\/li>\n\n\n\n<li>Customized training on how startups can contribute to legal-tech policy in their country and access to a vibrant policy engagement forum.<\/li>\n\n\n\n<li>Access to premium legal advisory services and business support services from professionals.<\/li>\n\n\n\n<li>Access to the exclusive network of continental ecosystem partners, toolkits and tech events.<\/li>\n\n\n\n<li>Business coaching and mentorship suited to your startup needs.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Expected Outcomes<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Upon completion of the accelerator program, it is expected that the selected startups will achieve:\n<ul class=\"wp-block-list\">\n<li>An increased customer base that should translate to increased revenues<\/li>\n\n\n\n<li>An improved user experience of their product.<\/li>\n\n\n\n<li>An increase in operational efficiency in their business.<\/li>\n\n\n\n<li>Formal registration, incorporation and legal compliance of their business.<\/li>\n\n\n\n<li>Acquired network of potential suppliers and customers.<\/li>\n\n\n\n<li>Built relationships with investors.<\/li>\n\n\n\n<li>Developed a database of international business contacts.<\/li>\n\n\n\n<li>Enjoyed continental and international exposure and visibility.<\/li>\n\n\n\n<li>Built a presence in all major digital channels, especially on social media (Facebook, Twitter, LinkedIn).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Who are they looking for?<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Africa Startup Law Accelerator is looking for early and growth-stage startups in East Africa, West Africa, Southern Africa and North Africa regions providing innovative tech solutions to:\n<ul class=\"wp-block-list\">\n<li>Enhance legal practice for legal practitioners through automated contracts management, matter management, governance, risk, and compliance technologies, E-billing, collaboration tools, digital legal information and case law access tools, cloud services, legal data insights and A.I or blockchain registries<\/li>\n\n\n\n<li>Enhance access to legal services for small businesses in Africa through digital legal self-service platforms, affordable legal advisory platforms, online dispute resolution or legal assurance solutions.<\/li>\n\n\n\n<li>Enhance access to access to justice for ordinary citizens through affordable legal self-service platforms, legal information and advice platforms, government document processing, online dispute resolution or legal assurance solutions.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Eligibility Criteria<\/strong>:<\/h3>\n\n\n\n<p>The 12-week virtual training program of the Africa Startup Law Accelerator focuses on the following among others:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The startup provides legal-tech solutions that enhance legal practice for legal practitioners or enhance access to justice and legal services for ordinary citizens and small businesses in Africa.<\/li>\n\n\n\n<li>The startup has a working solution with traction that provides evidence for the potential for the product to be a fit for its market.<\/li>\n\n\n\n<li>The startup has a strong team with complementary skills and shared vision, driven by making impact, and led by inspiring founder(s)<\/li>\n\n\n\n<li>The startup has a strong sustainability and revenue model that shows potential and evidence for the startup to become financially sustainable within a reasonable timeframe, whether a non-profit or for-profit.<\/li>\n\n\n\n<li>The startup has ambition and sound plans to scale into different markets beyond the immediate target market (depending on how far along the startup is in its growth journey).<\/li>\n<\/ul>\n\n\n\n<p><strong>Deadline:&nbsp;December 1, 2023<\/strong><\/p>\n\n\n\n<p>Click&nbsp;&nbsp;<a href=\"https:\/\/www.lawyershub.org\/Subpages\/Our%20Work\/africa-startup-law-accelerator#Africa-Startup-Law-Accelerator-2023-Application\" target=\"_blank\" rel=\"noreferrer noopener\">HERE<\/a>&nbsp;to Apply<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About The Africa Startup Law Accelerator will bridge the gaps by providing a tailor-made 12-week virtual program designed to accelerate<\/p>\n","protected":false},"author":1,"featured_media":13341,"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-16992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship"],"yoast_head":"<!-- This site is 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