Introduction
Applications are now open for the highly anticipated 2024 Gen F Entrepreneur In Residence Program. Powered by Founders Factory Africa (FFA), a leading hands-on investor in Africa, this program presents a unique opportunity for young African entrepreneurs to bring their startup ideas to life within just 12 weeks, supported by a Venture Design Studio and essential funding to validate their concepts.
Application Details
Interested and qualified candidates are invited to submit their applications. With applications accepted on a rolling basis, aspiring entrepreneurs have the flexibility to apply at any time, ensuring they don't miss out on this transformative opportunity.
Eligibility Criteria
To be considered for the Gen F Entrepreneur In Residence Program 2024, applicants must meet the following eligibility requirements:
- Exceptional founders or aspiring entrepreneurs with a vision to build and test innovative ideas, driving commercial success and systemic impact.
- Professionals and domain experts seeking to transition from corporate environments to entrepreneurship, bringing unique insights and expertise to the startup ecosystem.
- Founders focused on developing tech solutions to address Africa's most pressing challenges, fostering meaningful change across the continent.
- Entrepreneurs with a deep understanding of local market dynamics and a passion for solving critical issues within their communities.
Program Benefits
Successful candidates accepted into the program will enjoy a wide range of benefits, including:
- A 12-week intensive sprint with the Venture Design Studio, providing invaluable guidance and support to refine startup concepts.
- Access to a competitive test and learn budget, empowering entrepreneurs to validate their ideas and iterate quickly.
- Potential investment of up to $250,000, subject to internal approval, to fuel the growth and scalability of promising startups.
- Targeted support from FFA's expert team, offering strategic insights and mentorship to navigate the entrepreneurial journey effectively.
Additional Program Support
Participants will also receive the following support throughout the program:
- A competitive once-off budget for conducting market validation experiments, enabling entrepreneurs to gather crucial feedback and insights.
- Close collaboration with venture builders to fine-tune startup concepts and prepare for presentation to the Investment Committee.
- Free access to studio services for launching startups, along with the opportunity to secure up to $250,000 in funding upon approval.
Application Process
The application process is entirely online, offering convenience and accessibility to aspiring entrepreneurs. For further details and to submit an application, visit the official program webpage and take the first step towards realizing your entrepreneurial dreams.
