The Women Entrepreneurship for Africa (WE4A) program has chosen 100 female-led firms to participate in its high-impact accelerator, which focuses on startup growth and job creation.
The WE4A initiative aims to improve business capacity, access to capital, market opportunities, knowledge enhancement, and technical training for female-led enterprises.
It is a collaboration between the European Union (EU), the Organization of African, Caribbean, and Pacific States (OACPS), and the German Federal Ministry for Economic Cooperation and Development (BMZ), with implementation by the Tony Elumelu Foundation (TEF) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
The Swiss Association for Entrepreneurship in Emerging Markets (SAFEEM), a Seedstars Group member, is in charge of the WE4A acceleration and program components.
Over 30 workshops, expert lectures, and networking events will be available to the selected 100 entrepreneurs. In addition, startups will be paired with a specialized mentor for one-on-one sessions, as well as EiR support in small groups.
Participants will get a grant of EUR10,000 (US$11,400) and three months of technical help through a virtual acceleration program.
After completing the accelerator, the startups will present their ideas to worldwide investors at a virtual demo day. Following that, the 15 entrepreneurs with the highest growth potential will get follow-on funding of up to EUR50,000 (US$57,000) as well as an additional three months of growth program training.
Visit the website for additional details.
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