Applications are opened for the 2023 ARM Labs Lagos Techstars accelerator program to invest up to $120,000 in early-stage startups based in Africa focused on FinTech, Mobility, E-commerce and TalentTech, a collaborative program by Techstars, the most active pre-seed investor in the world that provides access to capital, programming and connections to early-stage entrepreneurs, and ARM Labs, a Lagos-based innovation program.
Following the success of the inaugural program in 2022, the ARM Labs Lagos Techstars Accelerator 2023 program will support startups based in Africa that are building innovative companies across FinTech, Mobility, E-commerce and TalentTech.
The three-month, in-person program is based in Lagos, Nigeria. The first month is dedicated to refining the startup’s value proposition through extensive hands-on training and exposure to over 100 Techstars mentors. 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 is focused on preparing the startups for fundraising, and the building of investor relationships.
The ARM Labs Lagos Techstars accelerator is supported by key ecosystem leaders in Africa including Ashim Egunjobi, Partner at Octerra Capital, Tunde Kehinde, Founding member of Jumia and Founder and CEO of Lidya, Olumide Soyombo, Partner at Voltron Capital, Alice Tomdio, Chief Financial Officer of YellowCard, Amandine Lobelle, Chief Operating Officer of Paystack, and Adedeji Olowe, Founder and CEO of Lendsqr.
Applications for the 2023 ARM Labs Lagos Techstars Accelerator program close August 9, 2023. Founders are encouraged to submit their applications early, as applications will be reviewed on a rolling basis.
The program will commence on November 13, 2023, and conclude with a Demo Day showcase on February 15, 2024. Here investors, community, government and business leaders will experience the transformational power entrepreneurs have on the African ecosystem.