{"id":23180,"date":"2024-08-09T13:57:48","date_gmt":"2024-08-09T13:57:48","guid":{"rendered":"https:\/\/presspay.ng\/news\/?p=23180"},"modified":"2024-08-09T13:57:51","modified_gmt":"2024-08-09T13:57:51","slug":"call-for-applications-her-startup-program-for-african-female-entrepreneurs-up-to-5000-funding-14-week-intensive-training-and-mentoring","status":"publish","type":"post","link":"https:\/\/presspay.ng\/news\/call-for-applications-her-startup-program-for-african-female-entrepreneurs-up-to-5000-funding-14-week-intensive-training-and-mentoring\/","title":{"rendered":"Call For Applications: Her Startup program For African Female Entrepreneurs (Up to $5,000 Funding, 14-week intensive Training and Mentoring)"},"content":{"rendered":"\n<p><strong>Supporting Female Entrepreneurship<\/strong><\/p>\n\n\n\n<p>Her Startup is a program designed as a response to the challenges faced by female founders in the entrepreneurial landscape.<\/p>\n\n\n\n<p>Her Startup is a unique combination of proven entrepreneurship training, seed funding, and mentoring to offer comprehensive and long term solutions to the funding issue of female led start-ups.<\/p>\n\n\n\n<p>The objective of the program is to provide guidance and invest in African+Women-led early-stage companies with high growth potential in emerging industries.<\/p>\n\n\n\n<p>The Program can be divided in four main steps<\/p>\n\n\n\n<p>1)&nbsp;<strong>Selection of the applicants<\/strong><br>The selection will be done based on Her Startup and Founder\u2019s Institute criteria. These criteria include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>African company<\/li>\n\n\n\n<li>Female founder of CEO<\/li>\n\n\n\n<li>Tech-enable business<\/li>\n\n\n\n<li>18-35 age bracket<\/li>\n\n\n\n<li>Monthly gross revenue of not less than $500<\/li>\n\n\n\n<li>Unique Value Proposition<\/li>\n\n\n\n<li>Operation of business not less than 6 months<\/li>\n\n\n\n<li>Maximum 20% of selected companies will be Fintechs<\/li>\n\n\n\n<li>At least 15% of selected companies will be from Francophone Africa<\/li>\n<\/ul>\n\n\n\n<p>2)&nbsp;<strong>Training<\/strong><br>The applicants selected will perform an intensive 4-month training from the Founder\u2019s Institute accelerator program.<br>Costs of the training will be covered by the program and founders will receive an allowance in stages during the training.<br>The applicants who successfully complete the training will get a certificate and will be eligible to apply for funding.<\/p>\n\n\n\n<p>3)&nbsp;<strong>Funding<\/strong><br>The remaining start-ups will pitch their business model to the program Investment Committee to obtain a funding of 5,000 USD in average.<br>The funding will be a convertible revenue based financing.<\/p>\n\n\n\n<p>4)&nbsp;<strong>Mentoring<\/strong><br>The funded start-ups will be provided a 1 year mentoring from seasoned entrepreneurs and experts with monthly meetings and ad hoc requests.<\/p>\n\n\n\n<p><strong>Her Startup is a unique combination of training, funding, and mentoring.<\/strong><\/p>\n\n\n\n<p><strong>Entrepreneurship Training<\/strong><\/p>\n\n\n\n<p>A 14-week intensive training program for participating female entrepreneurs facilitated by the Founder Institute (FI). Renowned as one of the world\u2019s largest pre-seed accelerator programs, FI is adept at transforming ideas into fundable startups and startups into global businesses.<\/p>\n\n\n\n<p><strong>Startup Capital<\/strong><\/p>\n\n\n\n<p>Successful graduates of the FI accelerator program will pitch to an investment committee for seed financing of up to $5,000.<\/p>\n\n\n\n<p><strong>Mentorship and Support<\/strong><\/p>\n\n\n\n<p>Founders will receive comprehensive support for continued success. This includes 6 months of mentorship, access to co-working space, and healthcare coverage for 1 year. Based on performance, graduates will receive support for additional capital raise.<\/p>\n\n\n\n<p><strong>Deadline: Sep 13, 2024<\/strong><\/p>\n\n\n\n<p><strong>Click&nbsp;<a href=\"https:\/\/her-startup.com\/\">HERE<\/a>&nbsp;to Apply<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supporting Female Entrepreneurship Her Startup is a program designed as a response to the challenges faced by female founders in<\/p>\n","protected":false},"author":1,"featured_media":23181,"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":[1],"tags":[],"class_list":["post-23180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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