Entrepreneurship Internships Scholarship By Level South Africa Study in Africa

Telecel Group ASIP Accelerator Program for African Entrepreneurs 2022

telecel group
Written by Wealth Rice

Telecel Group ASIP Accelerator Program 2022 is open to the next generation of African Tech Startups disrupting major industry sectors.

The Telecel Group ASIP Accelerator Program is aimed at encouraging entrepreneurship and the program with 40 positions will be running for a short period of 3 months in all the African countries.

SEE ALSO: Ericsson Sub-Saharan Africa Innovation Awards for Students

Details About the Telecel Group ASIP Accelerator Program:

Backed by anchor partner Telecel Group, the program is ideal for tech-oriented startups looking to scale through corporate and public sector partnerships. We scout, skill, and scale early-stage startups through intensive coaching and opportunities for pilots and Proof of Concept projects that subsequently open the doors for longer-term commercial agreements.

This cohort’s partners include the Government of Senegal, through DER/FJ, a youth and women empowerment structure set up by the President of the Republic of Senegal. With the help of DER/FJ startups will gain public-sector knowledge and support which presents an opportunity to further scale their impact.

The Africa Startup Initiative Program is a program founded by Moh Damush, Telecel Group CEO as a CSR activity.  Telecel Group then partnered with Startupbootcamp AfriTech to create the ASIP Accelerator Program which contributes in a meaningful way to the African community to help the young Startups in Africa whose innovative ideas are creating a difference in their communities.

Starting in 2017, the first SBC AfriTech program accelerated 40 incredible African startups that have set an incredibly high bar for the next program.

  • 88% are still operating and scaling at impressive rates
  • 50% of our startups are self sustaining based on the commercial contracts
  • The average increase in valuation for startups raising capital is 4x- 10x post-Demo Day

Eligible Fields

Agritech, Blockchain, Business services, Clean technology and energy, Connectivity, Financial services, Fintech, Food production, HealthTech, Internet of things (IoT), Machine learning, Telecom.

Eligibility Criteria for Telecel Group ASIP Accelerator Program

To be eligible for the program, your startup

  • Has to be formally incorporated
  • Has at least 2 people working on the project and devoting at least 50% of their time to the project
  • Has customers or clients using the products or services
  • Is generating revenues from the products or services

Benefit of the Telecel Group ASIP Accelerator Program

During the Covid pandemic, SBC launched Accelerator Squared as a fully online platform that enables startups to access the complete library of content, group workshops, 1:1 mentoring, collaborative sessions with Entrepreneurs in Residence, and invite-only discussion forums with founders from around the globe.

The Program takes a hybrid format and begins in Dakar, culminating in a physical Demo Day where startup founders pitch their disruptive solutions to a broad audience of media, investors, corporate partners, and industry stakeholders.

The 10 startups in the program will receive benefits valued at more than EUR 500,000, including credits from AWS, Google Cloud Services, Hubspot, and many more. ASIP Accelerator also invests EUR 15,000 in cash to each startup.

SEE ALSO: German International Parliamentary Scholarship Program for Young Leaders [Southern Africa]

How to Apply

Potential applicants should read the eligibility to ascertain whether or not they are eligible to apply.

Visit the Official Website for Further Details

Application Deadline: 11th November 2022

About the author

Wealth Rice

Leave a Comment