Hurry! If you have not applied for the Wennovation Hub incubation program, it is better you do so immediately as only 3-days is left for you to apply. The program is set out to guide early-stage entrepreneurs to test and validate their ideas as well as gather their first set of customers or pivot if need be. This is done through a combination of financial support, guidance and training.
This cohort will host 10 startups with relevant solutions around the following Agricultural subsectors:
- Procurement / Supply chain Management(4)
- Agri-finance/ Agri-insurance(3)
- Other innovative ICT driven ideas(3)
The goal of the 2018 incubation is to:
- Expose at least 30 teams to the root of the pre-defined problem statement by merging an in-depth problem definition strategy with an immersion process.
- Support at least top 10 teams to build an MVP and a sustainable business model by taking them through an intensive 4 weeks incubation program.
- Support at least top 2 teams with seed investment.
It's just 3 days left to stand a chance to be one of the 2 teams that goes home with 2.25M naira, unrestricted access to fully serviced workspace, intangibles (company registration, audit services, developer toolkit etc) worth $10k and more.
Register via: https://t.co/0zi1TGEctS pic.twitter.com/6vi6C6flVx
— Wennovation Hub (@wennovation) June 12, 2018
The specific value of this program to startups includes:
- Provides pre-seed investment to validate product-market fit.
- Offers access to experienced mentors.
- Provides opportunities to connect with potential customers and investors.
- The cohort structure encourages peer learning and support.
- The intensity of the program gives startups the chance to really develop strong business models.
- Provides validation of the startup.
Success indicators for us during and after this program are:
- More local and appropriate solutions to social problems developed
- Youth unemployment reduced
- Technology entrepreneurship among the youth populace encouraged.
- Startup ecosystem in Wennovation Hub cities of operation (Lagos, Abuja, Ibadan and Kaduna) significantly developed.
Application review criteria:
- Competence of team
- Viability of idea
- Innovation
- Market and Scalability
- Registered companies would be at an advantage
- Female-led teams would be at an advantage
Click here to apply.
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