Intrepid Entrepreneurs calls for application into the 2021 Next Health Accelerator with a seed funding of US$15,000. The Next Health Accelerator is a 6-month acceleration program for African entrepreneur in the health sector.
The accelerator program is offering selected startups a six month opportunity for assessment, acquisition, network access, product development, marketing and expert mentoring with the objective of product adoption, regional expansion and integration into existing value chain.
It also seeks cause disruption in Africa’s healthcare system initially focusing on issues of sexual and reproductive health and on self-care.
Organizers say, the accelerator will be selecting the best innovative ideas, help to refine their value proposition and products, provide them with seed funding and connect these African entrepreneurs with some of the leading corporations or institutions for value chain access.
On who NHA accepts into the program?
The Next Health Accelerator accepts startups offering solutions in the area of Sexual and Reproductive Health (SRH), placing much premium on self-care. Companies will be selected based on the strength of the teams, passion and dedication of founders, the expected market size and the unique value proposition of products or services on offer.
Benefits for selected startups
Startups will have access to the over 20 coaches, mentors and experts available. These professional are sourced from national and international group of health experts, investors, entrepreneurs and top business executives.
Access to Networks
NHA promises a strong network of value chain partners who are willing to adopt and integrate products offered by accelerated startups which is a key component of the program.
Startups are assured of support in marketing, design and technology, as well as entrepreneurship, to enable them to tackle some of the challenges they face. There is a ready team of marketers, developers, UI, and UX designers who are going to be assisting in perfecting the products as well as improving their brand.
Every chosen startup company receives US$ 15,000 as seed funding during the acceleration phase to help in validation of new or improved products and services towards increasing customer base.
According to one of the co-founders of Next Health Accelerator, Lindsey Simmonds,
“Next Health Accelerator represents the future of health advancements for women by women. We seek to gather the existing ingenuity in the African and catalyze it in the mainstream of development solutions for societies that are unequally challenged by lack of access to quality sexual and reproductive healthcare.”
Find out more about NHA on their website.
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FirstCheck Africa is Investing US$25K Each in Female Led Startups in 2021
FirstCheck Africa, a new angel fund with vision of making it easy for African women to raise capital and invest in technology, announces that it will invest US$25,000 each in six (6) female led tech companies and further support them in raising significant pre-seed rounds in 12 months.
Eloho Omame, the MD for Endeavor Nigeria and Odunayo Eweniyi, the co-founder and COO of PiggyVest, co-founded FirstCheck Africa, with the mission of advancing capital, equity and leadership to African women through entrepreneurship and technology.
As to who can join this early believers of African women tech entrepreneurs, FirstCheck Africa will welcome into its fold bold women determined to launch their first tech startups. It is also for partners who also are with the conviction that the potential of African women led startups have been overlooked by mainstream venture platforms.
Reasons for this ambitious female focused angel fund
- The early-stage investment ecosystem in Africa hasn’t benefited women led tech startups very much. Where in 2019, the report is that less than 5% of global VC funding went to women led companies, more so, those in Africa.
- Women led startup founders get all the needed mentorship there is to give but receive less financial backing from VCs.
- FristCheck Africa believes supporting women founders should be on the basis of economics and less on social impact. This is true for them because in pitching, women tend to get investors attention if the pitch leans towards social impact but such funding are not adequate enough to build high-impact tech companies.
- The Early Believer thinks women in tech deserve to play equal role of building Africa’s next generation of companies. This call is an effort for Africa women to build wealth and influence in the technology entrepreneurship ecosystem as early investors.
Practical solutions FirstCheck Africa believes in
The access of capital to women entrepreneurs in Africa must be very well intended and female led. With a growing list of women-led venture capital funds, like Portofolia and All Raise, they are turning their previous cold funding experiences into a competitive advantage for the challenges women face.
The solutions they believe lies very much at the apex of the startup funding funnel, where there is the need to increase the pipeline of women entrepreneurs, address the biases faced by women as well as closing the gender confidence gap for women to easily raise initial startup capital.
Last but not least, the need for strong role models to inspire them. Women need powerful representation on platforms that easily allows for scaling. They also need to be playing major decision making roles.
What FirsCheck Africa is providing
- Writing female founders’ first checks and be their earliest believers
- Act as active connectors and collaborators, using their networks and resources to accelerate efforts
- They are prepared to spend their time, financial and social capital in helping female led startups validate their ideas and gain all-important early traction
- They will assist in raising the next stage of startup capital
In 2021 alone, FirstCheck Africa will be investing up to US$25,000 each in six (6) women led tech-enabled startups and closely working with them to raise significant pre-seed funding.
The co-founders say, FirstCheck Africa is open to all whiles they give premium to women that want to invest in tech by putting their money behind venture backed startups. This is an exciting moment for girls and women who really need somebody to believe in their tech business without any bias but strictly at economic viability of the company. Find out more about them here.
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