Introduction

Open Startup (OST) is excited to announce the launch of the latest cohort of its acclaimed Investment Readiness Program, GROW. This initiative aims to empower advanced African startups, helping them scale their businesses and secure necessary funding.

Following the success of last year's cohort, which supported 13 startups chosen from over 600 applications, the GROW program remains committed to aiding African startups in their growth journey.

Program Overview

GROW is a 12-month investment readiness program specifically designed for African startups that have raised up to $350,000 USD and are striving to reach their first $1 million USD. Developed in collaboration with AfricaGrow, Africinvest Group, BPI France, and Go Ventures, GROW provides a comprehensive range of resources and support services to help startups expand into new markets and achieve their growth objectives.

Program Benefits

Business Assessment

  • Curated workshops and personalized content focused on fundraising strategies.

Hands-on Support

  • One-on-one meetings, world-class coaching, and regular progress check-ins.

Investor Access

  • Opportunities to connect with a wide network of individual and institutional investors.

Regional Exposure

  • Financial support to participate in international ecosystem events.

Talent Fellowship

  • Financial assistance to hire top talent.

Community

  • Access to a vibrant and diverse startup community.

Technical Assistance

  • Expert guidance to optimize IT systems, intellectual property, code quality, and data security.

Eligibility Criteria

Who Can Apply?

To be eligible for the GROW program, startups must meet the following criteria:

  • Be a seed-stage startup operational for less than four years.
  • Have 2-4 co-founders, with at least one African co-founder.
  • Operate in or impact Africa, demonstrating a strong team and proven execution capacity.
  • Have raised up to $350,000 USD and are seeking to raise $1 million USD.

Apply Now

Applications are now open. Interested startups can apply through the provided link by August 31st. This is a unique opportunity for African startups to gain the support and resources needed to scale their businesses and reach new heights.