Second ARM Labs Lagos Techstars Accelerator programme open for applications
The second iteration of the ARM Labs Lagos Techstars accelerator, which offers access to up to US $120,000 in equity funding and other forms of support, is now accepting applications.
The ARM Labs Lagos Techstars Accelerator will be run by Techstars, a global investment company that connects early-stage entrepreneurs with capital, one-on-one mentorship, and specialized programming, in collaboration with ARM Labs, a Lagos-based innovation program dedicated to assisting fintech startups.
The second program will support startups based in Africa that are establishing innovative businesses across fintech, mobility, e-commerce, and talent-tech after the success of the first program in 2022.
The in-person program’s first month is devoted to honing a startup’s value proposition through in-depth practical training and exposure to over 100 Techstars mentors, while month two includes guest speakers such as top ecosystem operators and founders, customized workshops, and one-on-one support to assist founders in executing and accelerating their business.
The third month, however, is dedicated to getting the startups ready for fundraising and cultivating relationships with investors. On demo day, startups can pitch investors for up to $120,000 in equity funding.
“Techstars’ State of Innovation survey showed that entrepreneurs view accelerators as the biggest driver of innovation in Africa. Together, Techstars and ARM bring the on-the-ground, local support that is essential in fostering African entrepreneurship that will contribute to the success of the continent’s tech ecosystem,” said Oyin Solebo, Techstars managing director of ARM Labs Lagos Techstars Accelerator.
Applications for the program are accepted here through August 9 and are processed on a rolling basis. Beginning on November 13, the program will last until February 15, 2024, when a demo day showcase will mark its conclusion.
