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Tag: incubator

  • 13th edition of MINT Incubator programme opens for startups

    13th edition of MINT Incubator programme opens for startups

    The 13th MINT Incubator programme, co-founded by EGBank and Alex Angels, has opened for startups. It is a programme that assists startups in developing their business models and preparing themselves to attract investors.

    The main founder’s age range ought to be between 16-35. Startups in the growth and minimal viable product stages, as well as those in the early stages of a company’s development, can benefit from this. There ought to be no limitation on sectors. Concept and business model are the most important factors. With the right people at the helm, the company can scale its operations to meet any challenge. The number of members on the squad should be balanced. 

    Startups can receive free support from MINT Incubator. They have already committed to not taking equity or lending money to the participating startups. Startups are only expected to bring their A-game when it comes to taking the business to the next level. Eleven editions of the three-month equity-free MINT Incubator have been released since its 2018 debut.

    Read also: weVenture is first venture capital incubator in Ethiopia

    Contents of the program 

    The program’s mentoring sessions and workshops cover finance, marketing, growth hacking, accounting fundamentals, legal and governance, branding, talent acquisition and retention, and other related subjects. Free co-working space is also provided to participants.

    For startups in the MVP stage, MINT Incubator offers a sector-agnostic track in addition to a fintech-specific one. Startups can improve their investment prospects and expand their businesses with the help of the incubator.

    Mentorship sessions are available at the MINT Incubator and are led by a diverse group of academics, professionals, and industrialists. Every incubated startup has a designated mentor who checks in with them once a week to ensure they’re on track with their objectives and key performance indicators. To make sure the mentor’s knowledge and experience are useful to the startup, the mentor-startup matching process is meticulous.

    At the end of the programme, called Demo Day, participating startups present their pitches live to a group of the best angel and VC investors in the area. 

    Benefits of the MINT Incubator

    The facilitators do not take equity or impose any debt on startups, rather, by giving these startups a chance to grow, they make them more appealing to investors and create an environment where they can thrive.

    A world-class mentor will work one-on-one with each startup throughout the programme, offering them tailored support and advice. Additionally, a number of one-of-a-kind workshops will be offered by EGBANK and its associates to help startups. 

    Attendees will leave the workshops with a deeper understanding of finance, sales & marketing, growth hacking, accounting fundamentals, legal & governance, branding, talent acquisition & retention, and many other topics that will help the startup grow faster.

    The programme also provides a coworking space, networking events, and free software and tools to its participants. On demo day, the incubation cycle comes to a close, and the most influential angel and VC investors in the area will be in attendance. 

    Click here to apply: https://mint.eg-bank.com/home/incubator/ExternalApplynow

  • SESA Project Launches Entrepreneurship Program To Solve Rural Problems

    SESA Project Launches Entrepreneurship Program To Solve Rural Problems

    The first-ever “SESA Call for Entrepreneurs” has now been launched. This call by Smart Energy Solutions for Africa (SESA) is a consortium project searching for small startups or enterprises in its startup stage. The eligible enterprises that come for this should be environmentally friendly and, most importantly, they should be owned by women.

    Since access to dependable, affordable, and sustainable electricity has proved difficult for rural African populations, the SESA project, which the European Commission supports, aims to test, validate, and replicate creative approaches and business models to accelerate the green transition throughout Africa.

    Read also: SA clean energy startup wins at the GEA Summit

    The SESA is not the only organization that will be doing this, as Siemens Stiftung is also a consortium partner and will offer selected entrepreneurs money ranging from EUR50,000 (US$49,000) to EUR70,000 (US$69,000) per business over an 18-month term, as well as the chance to participate in the SESA Incubator Program.

    “The call leverages social entrepreneurs’ talents, skills, and innovations to not only address climate change but also pave the way for social and economic development in rural areas,” said Dr. Nina Smidt, managing director of Siemens Stiftung.

    “Women are at the heart of this transformation. Supporting female-led enterprises enables the inclusion of vulnerable groups in climate change, accelerating the realization of the United Nations’ Sustainable development goals. “”

    Do not confuse the dates of the “Call for Entrepreneurs” program for the SESA Incubator Program. This is because the date for the “Call for Entrepreneurs” program has started and will last until the 20th of November 2022. As for the SESA Incubator Program, note that it will begin next year, by February 2023, to be precise.

    SA clean energy startup wins at the GEA Summit

     

    The Goal of SESA

    SESA claims its goal is to offer easily repeatable energy access technologies and business models. Additionally, they want to create regional opportunities for African social cohesion and economic development.

    Morocco, a country that has benefitted from programs like the SESA Project, was recently ranked second in North Africa, making it one of the areas where there’s rapid social and economic development. Apart from SESA, programs like Orange Corners and MolenGeek have made the nation now become a location for incubator programs.