Up to 50 African start-ups are set to be considered for a combined US$5 million in investments this year.

US-based global accelerator, Expert Dojo, has assembled an Africa-focused team in addition to cross-functional experts and ‘executives in residence’. In addition to US$100 000 in funding (for 7% equity) and a three-month, virtual accelerator programme, participants in the African cohort will be provided with expertise, a link to a global network of investors and corporate stakeholders to assist with marketing, distribution and sales, as well as access to pan-African partnerships and a network of local entrepreneurs and innovators.

To qualify, start-ups must be tech-enabled, with main operations based in sub-Saharan Africa and a proven and scalable product. They also need to be capital efficient with a clear revenue model, validated market demand, and at least US$5 000 in monthly recurring revenue. Applications for the cohort are currently open.

Since its inception in 2018, the company has invested in over 100 start-ups across 30 countries, of which some of the strongest performers are African.

10 August 2021
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