Tired of bootstrapping your startup alone? Ready to test your idea with expert guidance and funding? Join Gen F, the Venture Design Studio and incubator backed by Founders Factory Africa, and turn your startup concept into a thriving reality in just 12 weeks.
The Gen F Entrepreneur In Residence Studio puts forward a unique opportunity guided by experts and supported by venture funding to validate your innovative ideas. This program seeks to bolster the African startup sector and facilitate sustainable change.
Benefits
The program offers the following benefits:
- Venture Design Studio: Participants will take part in a 12-week sprint with Venture Design Studio, where innovative concepts will be shaped and refined into viable business models
- Experimentation Budget: Receive a competitive test and learn budget to validate your ideas, allowing you to explore market dynamics and consumer insights with confidence
- Up to $250,000 Investment: Upon internal approval, qualify to pitch for up to $250,000 in further funding to take your startup from ideation to implementation
- Targeted Support: Receive targeted support from FFA’s expert team, leveraging their wealth of experience and industry insights prepared to help in scaling through complexities faced by startups.
Eligibility
Applicants with relevant backgrounds and VC-backable startup ideas are eligible, including former startup founders, domain experts, corporate professionals, and senior operators. Added to this, the following criteria must be met to qualify:
- Founders with a well-researched concept solving a deep African problem in a large market
- Outstanding professionals and domain experts looking to transition from corporate to entrepreneurship.
- Founders with tech solutions addressing critical African challenges with high potential for commercial success and impact.
- A keen eye for local market gaps and a strong desire to make a difference
- Applicants with previous startup experience or unique insights into the problems they aim to solve, committed to a full-time engagement with the Gen F initiative
- Founders who can commit full-time to refine and validate their concept for 10-12 weeks, and then move full-time into their startup
- Ideas with high potential for commercial returns, with embedded impact
- Founders who are at the earliest stages of building their startup idea (pre-revenue)
How to Apply
If you possess the passion, drive, and determination to positively impact the African startup sector, seize this opportunity to join the Gen F Entrepreneur In Residence Studio while applications are ongoing.
Latifat Fashina