African startups have been offered a unique opportunity to accelerate their growth and scale by participating in the 10k2Startup initiative. By taking advantage of the programme, African entrepreneurs can quickly increase their size and expansion.
Established by Julius Nkansah Owusu-Kyerematen, the head of multi-channel mid-market skills with Google, this project seeks to remove startups’ key obstacles: strategic direction and finance.
The 10k2 Startup programme aims to support businesses addressing practical issues. In any sector—healthcare, agriculture, finance, or another—the emphasis is on creative ideas with real influence. The programme is industry-agnostic. Hence, it invites companies from all fields as long as they use innovative technologies to produce ground-breaking ideas.
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Equity and Funds Startups might get from the 10k2 Startup Initiative
Accepted African firms joining the programme might get between US$10,000 and US$50,000. The project returns an equity stake between 15% and 25%. Several elements influence investment choices, including the stage of the business, growth possibilities, and traction acquired. A business’s investment and stock share are higher the more promising it seems.
Besides financing, the 10k2Startup project seeks to be a strategic development partner for the companies under sponsorship. This entails offering professional advice at every level, guiding business owners through obstacles, and linking them with an extensive database of investors, partners, and consumers. Their trajectory of development should be quickened to set them up for success.
Success traits of participating Startups
The programme honours creators who possess fundamental success traits:
Passion: founders driven by their vision and goal.
Tenacity: Even in the face of challenges, a continuous search for greatness
Discipline: Perfect planning and relentless concentration.
Strategic acumen refers to the capacity to make wise judgements guiding the startup forward.
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Interested African companies may apply for the second round of the 10k2Startup initiative until July 15. The application procedure requires providing information about their enterprise. Then, invited for a 30-minute pitch session by July 31 will be shortlisted companies. Two weeks after the pitch session, funding choices were decided upon.
The programme portfolio already comprises interesting businesses like Using creative technologies, homely addresses housing issues, Pioneer of environmentally friendly beauty and health solutions, Nuelle Organics, and Driving environmental sustainability via tech-enabled solutions.
The 10k2 Startup programme is dedicated to helping African entrepreneurs travel towards success. It seeks to build a vibrant ecosystem of creative ideas, transforming sectors and enhancing lives by offering money and strategic direction.
Hello , hope all is well, my question is when is the next deadline for application for support for 10K2 initiative. Thanks regards Yoram katurebe