MEST Africa, in partnership with the Mastercard Basis, has opened functions for the primary cohort of the MEST Categorical accelerator, centered on accelerating startups inside the sustainable expertise options sector.
The Basis in collaboration with the pan-African expertise innovation hub is trying to assist startups in Ghana which can be utilizing expertise to create a sustainable future for all, below the lens of the United Nations Sustainable Growth Objectives (SDGs). Influence-driven entrepreneurs, constructing sustainable revenue-generating startups are invited to use right here.
Taking part startups will obtain an upfront equity-free funding of $5,000 in the direction of enhancing their enterprise development. Startups with feminine founders or with senior feminine workers members are particularly inspired to use. After two years of operating six cohorts and supporting 56 startups, the accelerator program is refining its focus and mode of supply to make sure higher development outcomes.
“Our subsequent cohort for the MEST Categorical accelerator is targeted on sustainable startups as a result of fixing core issues in Africa typically includes taking a look at how we are able to create sustainable options that positively impression our communities. Sustainability opens up a novel alternative for African entrepreneurs, because it confronts actual drawback areas with excessive visibility and common curiosity. The basic nature of the issues addressed, assure the markets are sizable and current alternatives to merge impression with profitability,” mentioned Femi Adewumi, Director of Applications, MEST Africa.
“After two years of operating six cohorts and supporting a number of startups, our findings additionally present that ventures profit extra when the assist we provide is bespoke and addresses the distinctive challenges of every enterprise. As such, this upcoming cohort will supply startups deeper assist the place particular tasks might be instituted and managed all through this system to deal with the distinctive wants of the enterprise,” he added.
This system will run nearly with occasional in-person classes held in Accra. Six startups might be chosen to take part within the five-month acceleration program designed to assist these companies, enhance their impression, and grow to be investment-ready.
Firstly of this system, every startup will participate in a sequence of bespoke diagnostic classes to ascertain the vital wants of the startup. At some stage in this system, collaborating startups, with the assistance of this system consultants, will work in the direction of addressing these gaps in gross sales, advertising and marketing and branding, product, operations, and finance and investments.
“Our partnership with MEST continues to assist, scale, and drive innovation inside the startup ecosystem in Ghana, by eliminating the limitations that may be holding startups again. As this new cohort commences, we stay up for seeing new concepts, progressive expertise, and sustainable options that can create work alternatives for younger Ghanaian ladies and men. Additionally, this initiative will contribute to positioning Ghana as a pulsating technological hub in Africa,” commented Rosy Fynn, Ghana Nation Head on the Mastercard Basis.
So far, MEST Categorical has accelerated greater than 50 startups and awarded over $100, 000 in fairness free funding to 12 startups in Ghana. Not too long ago, this system launched its very first cohort in Kumasi, in partnership with hapaSpace, following the success of its first companion cohort in Tamale with HOPin Academy.
Purposes for the following cohort, based mostly in Accra, are open now via 10th July, 2022. Startups can apply at meltwater.org/mest-express.