Call for applications: L’Afrique Excelle to support technology start-ups operating in Francophone Africa
BAMAKO, Mali, November 19, 2018/APO Group/
The World Bank Group announced L’Afrique Excelle, a six-month business acceleration program designed to support the 20 most promising growth stage technology start-ups operating in Francophone Africa. Entrepreneurs will receive mentoring from global and local experts, learn through a tailor-made curriculum, increase their brand visibility, and get access to potential corporate partners and investors. Through collaboration with prominent Francophone Africa-focused investment groups, L’Afrique Excelle will help the selected start-ups attract early stage capital between $250,000 and $5 million.
The program highlights include two one-week residencies, one in Bamako, Mali and another in Paris, France, giving entrepreneurs the opportunity to grow their business network and learn from mentors, peers, and local partners. The France residency will culminate in the Venture Showcase at the 2019 VivaTech conference in Paris, where the founders will present their business models to a large audience of corporations, investors, technology experts and media.
Photo: World Bank Group Announces L’Afrique Excelle to Support Francophone Africa’s Top Tech Entrepreneurs (credit: World Bank Group)
The program has partnered with leading VC funds and angel groups active in Francophone Africa, including Orange Digital Ventures, Investisseurs & Partenaires, Brightmore Capital, AHL Ventures, Outlierz, TLcom Capital, Accion, Goodwell Investments, Blue Haven Ventures, Comoe Investments, and IFC Venture Capital. Associated investors will play a key role in vetting and selection process, and will guide the entrepreneurs through investor readiness process. L’Afrique Excelle will also collaborate with corporate partners, such as Orange and GSMA.
Application deadline: January 14, 2019
Source: World Bank Group