$120k ARM Labs Lagos Techstars accelerator programme accepting applications

The ARM Labs Lagos Techstars accelerator is now accepting applications, with chosen fintech and proptech businesses receiving US $120,000 in equity capital and other sorts of assistance.

The ARM Labs Lagos Techstars accelerator, which was launched by Techstars, a global investment firm that provides early-stage entrepreneurs with access to capital, one-on-one mentorship, and customised programming, in collaboration with ARM Labs, a Lagos-based innovation program focused on helping fintech startups, will run for three months starting in December 2021.

Selected firms will have access to Techstars’ enormous network of over 7,000 mentors, over 20,000 investors, and over 10,000 founders, alumni, and corporate partners during the accelerator program. Up to $120,000 in investment, customized startup programming, and one-on-one mentorship meetings with Techstars mentors are among the other perks.

Applications for early-stage fintech and proptech firms headquartered anywhere in Africa are currently available and will close on August 24. Twelve businesses will be chosen at the end of the application process for the program, which will begin in December and culminate in March with a demo day.

Although this is Techstars’ first accelerator program in Lagos, the business has been involved in the African tech market since 2011, hosting over 400 Techstars Startup Weekends in 40 countries and running the Barclays Accelerator sponsored by Techstars Cape Town in 2016 and 2017. It has also invested in 14 Nigerian firms, including Healthtracka, FarmCrowdy, and Rent Small Small, through its various early-stage entrepreneurial initiatives.