Applications have opened for the second edition of the ARM Labs Lagos Techstars accelerator, which provides access to up to US$120,000 in equity funding and other types of support.
Launched by Techstars, a global investment business that provides access to capital, one-on-one mentorship, and customised programming for early-stage entrepreneurs, in partnership with ARM Labs, a Lagos-based innovation programme focused on helping fintech startups, the ARM Labs Lagos Techstars Accelerator will run for three months.
Following the success of the inaugural program in 2022, the second programme will support startups based in Africa that are building innovative companies across fintech, mobility, e-commerce and talent-tech.
The first month of the in-person programme is dedicated to refining a startup’s value proposition through extensive hands-on training and exposure to over 100 Techstars mentors, while month two features guest speakers including top ecosystem operators and founders, tailored workshops, and one-on-one support to help founders execute and accelerate their business.
The third month, meanwhile, is focused on preparing the startups for fundraising, and the building of investor relationships. Startups secure up to US$120,000 in equity funding, and can then pitch to investors at demo day.
“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 programme are open here until August 9, with applications reviewed on a rolling basis. The programme will commence on November 13, and conclude with a demo day showcase on February 15, 2024.