Call for Applications: Access Bank African Fintech Foundry 2021 Accelerator Program for Tech Startups (N1 million grant + other benefits)

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Access Bank African Fintech Foundry 2021 Accelerator Program for Tech Startups

The AFF Accelerator Program is looking for tech start-ups with solutions that can shape the future of technology in Nigeria.

Africa FinTech Foundry (AFF) is an Access Bank initiative that aims to nurture, fund, and accelerate the growth of FinTech startups in Africa through its mentorship and accelerator programmes, fast-tracking their growth and maturity to deliver relevant solutions to the market, providing greater access to financial services to the financial excluded across the continent.

The 12-week accelerator program is broken down into 3 phases:

Design: This phase forces your startup to justify assumptions, prove market viability and build a clear proposition. This is achieved through the help of our amazing mentors and coaches.

Build: This phase focuses on refining your product, planning your finance and implementing a go-to-market strategy. We will offer you our network of customers to arrange partnerships and sales opportunities.

Pitch: This phase pulls together all the elements and gets your startup investment-ready. Lawyers, accountants and pitch trainers will all be brought in to ensure your team has the correct skills and materials to pitch for and receive investment. An Investment Demo Day will be held with Angels, Private Equity and Venture Capitalists.

Who can apply?

We are looking for Startups that:

  • Have a technology-enabled solution
  • Have clear monetization strategies
  • Solves a problem for specific target customer
  • Have a cross-functional team with deep understanding of the market – which include a technical lead and founder(s) that are fully committed to the business
  • Have a defensible position (IP; network effects; domain or region expertise)
  • Have a functional prototype with early traction – Been in operations (since launch date) for at least 6 months
  • Are highly scalable (via digital distribution or ability to scale sales)
  • Have potential to address global markets
  • Have a defensible position (IP; network effects; domain or region expertise)
  • Offers a unique solution or unique application in a regional setting

Benefits:

Curriculum: Wide variety of experts focused on marketing, startup accounting, product design, mobile, user testing, sales and more

Fun: You will work hard but have fun in the process.

Pitch: You’ll see your startup grow at an amazing pace, doing more in 3 months than you’ll probably do in 2 years

Mentorship: Access to mentorship and clinic hours from leading entrepreneurs, investors and industry experts

Community: Working with other people going through the same challenge makes a huge difference

Post-program Support: Ongoing mentorship, formal & informal referrals, access to funding, networking opportunities etc.

Funding: We provide growth funding by connecting you to our funding partners at various stages of the program

What the program offers:

  • Access to market across Access bank’s customers and subsidiaries.
  • 12 weeks of formal and informal mentorship from established founders, Access bank leaders, investors and pioneers in various industries.
  • Strategic introductions to industry-specific investors.
  • Access to our workspace and developer community.
  • $25,000 worth of services per start-up (Mentorship, Valuation, Marketing and PR spend, Workspace).
  • Better pricing for payment capabilities (Account debit, Card transactions and payment via link).
  • Discounted cloud services/hardware and software subscriptions from our tech partners.

Register now via africafintechfoundry.com to take your business to the next level.

Registration closes on 31st January.

 

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