Deadline: 22nd May, 2024
ALIP is a pre-accelerator program designed to support early-stage startups and aspiring tech founders. It provides guidance, resources and mentorship to refine business ideas, develop products or services and prepare participants for further acceleration and investment readiness.
Benefits
- Strategic Investment – Startups that complete ALIP and meet all program requirements can receive up to $50,000 investment from ARM in exchange for 6% equity.
- Mentorship – Engage with experienced mentors and industry experts throughout the program.
- Tailored Curriculum – ALIP’s curriculum is designed to cover critical aspects of business development, including the POEM framework (Proposition, Organization, Economics & Milestones).
- Market Access And Networking – Connect with a wide array of industry players, potential partners, and investors.
- Investor Readiness – ALIP focuses on preparing startups for further funding rounds.
- Visibility And Branding – ALIP provides a platform to showcase your startup to a wider audience.
Eligibility
- Startups at the pre-seed stage are eligible to apply (must have received/raised less than 500k prior to applying for the program)
- Startups must have demonstrated market demand for the product or services provided. This must include a specified number of active customers, or a demonstrated growth rate.
- The founding team should be full-time, committed and willing to participate in the program.
- Evidence of market validation including user traction, customer feedback and initial revenue streams.
- Hybrid: Virtual or in-person communication, is a requirement depending on the session
- The startups must accept terms of investment prior to entering ALIP.
- You must be a legal registered entity in Nigeria.
For more information and application.
