Deadline: Rolling Basis.
Madica is a 12-18 month structured investment program for African startups – especially those that receive a disproportionately small share of venture funding, such as those led by women or by local founders or those that operate outside well-established tech hubs.
Benefits
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Capital – They will invest up to $200,000 in exchange for equity ownership in participating companies
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Community – Madica founders will join a thriving community founded on the principles of mutual trust, unconditional support and results-oriented collaboration. Successful Madica founders will rely on fellow founders, the Madica team, and the broader Flourish Ventures community to help overcome personal and professional obstacles. Additionally, founders will have access to a world-class panel of mentors, executive coaches, and subject-matter experts to get hands-on support.
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Curriculum – Madica participants will receive exclusive invites to attend highly personalized workshops designed to impart foundational skills for scaling their ventures. Founders can also engage in up to four, week-long immersion trips throughout their time in the program. Each trip provides an opportunity to spend quality time with mentors, peers, global investors, and key ecosystem stakeholders.
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Continuity – After completing the program, Madica companies will be introduced to specially selected investors and accelerator programs that can help them take the next leap forward
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Perks – Madica offers curated tools, training and credits such as AWS, Carta and Salesforce to make starting-up a little easier.
Eligibility
- Team – We seek local founders with diverse teams from across the continent
- Traction – We seek ventures with at least a minimum viable product, ideally with the first few paying customers and those that haven’t yet raised significant institutional capital
- Sector – They invite founders from all sectors including frontier sectors (e.g. Web3, AI)
For more information and application.
very much interested.
very much interested