The ygap South Africa accelerator program provides support for entrepreneurs who are looking to grow their impact-focused venture. The program offers an intensive accelerator boot camp training followed by twelve months of tailored support including business skills development, technical support, strategy insights and mentor support, connections to international partner networks, peer learning, and access to a global community of entrepreneurs.
The ygap Accelerator Program helps these impact ventures to refine and validate their business model, move towards financial sustainability, and build on their ability to create change in their communities. Participants of this program will expand their network by joining a cohort of like-minded entrepreneurs and will receive technical support and advice from our team of local experts that is tailored to the specific needs of their venture. They are committed to supporting the growth of locally-led impact ventures who have shown the drive, talent and conviction to create change in their own communities.
Eligibility
They are looking for:
- Ventures that are operating in the area of Agriculture. They particularly encourage Black and women-led businesses working in the areas of climate and sustainability, livelihoods or food security.
- Ventures that are post-revenue and able to provide evidence of commercial transactions.
- Ventures that clearly recognise and desire the benefits and value of participating in the ygap program. ygap invests deeply in the ventures they support, and expect the same level of dedication and investment in participating in the ygap program.
- Ventures that have a social or environmental focus. Through the operation of the business, ventures must be working toward making their community, their city, or their country a better place.
- Ventures that are “local” to the issue they’re solving, intimately connected to their community, passionate and committed, and it for the long-haul.
- Ventures that have already launched and are currently operational. In most cases, participating ventures must be formally registered, and proof of this status will be required (unless this is not applicable to where your business runs).
Benefits
Ventures chosen for the ygap Accelerator Program will graduate with:
- A proven and validated Theory of Change.
- Proof of product-market fit with a clear value-proposition for key customer segments.
- A validated business model that verifies the desirability, feasibility and the viability of the business.
- Detailed financial statements including income statements and cash flow statements.
- Proven growth traction demonstrated through data across key metrics.
- A reasonable and viable 12-month growth plan with a clear plan of action, quarterly milestones and projections.
They expect ventures that complete the ygap Accelerator Program to increase their revenue, create employment opportunities, and secure further investment, thereby making a real difference in the communities they operate within.
Deadline: July 31, 2024
Click HERE to Apply
