Afribiz, a global family of companies, focused on catalyzing and growing trade, information, business, technology and innovation, and capital flows between Africa and other global markets has announced the launch of its Accelerator program.
According to the press statement, Afribiz Accelerator will be a network of “lifecycle” accelerators that support entrepreneurs, start-up, and SMEs across the African continent. The first locations are slated for South Africa, Democratic Republic Congo, Nigeria, and Kenya to be opened in the 3rd quarter of 2015.
The announcement comes shortly after The Afribiz Foundation began its first online cohort for its Venture Acceleration Bootcamp this past February. “We are very excited about this program because we have waited a long while to build a robust, comprehensive model that fill in some of the critical gaps in entrepreneurial ecosystems in Africa,” says Lauri Elliott. “There are a lot of great incubators and accelerators already but they are more or less targeted in a very defined niche, we want to take an ecosystem approach and see how we can leverage ecosystems to support ventures from idea to seed to start-up to growth.”
The programs that will be made available through Afribiz Accelerators to start include two programs – Venture Acceleration Bootcamp and Venture Cultivation Launchpad. The bootcamp targets entrepreneurs from the idea to seed stage. It consists of two components – Venture Creation Workshop and Venture Jumpstart. The Venture Cultivation Launchpad targets the seed to growth stages of ventures.
The programe will kick off with a Webinar “Ramping Up to Venturing: Developing a Lean, Sustainable Business Model” which is a 10.5 hour long webinar designed to assist those with ideas, particularly entrepreneurs and start-ups, so they can transform their ideas and opportunities into cohesive, sustainable models whether for business, social, or other focuses. It’s designed to accelerate the process of business modeling iterations.
For further information about Afribiz Accelerator, click here.