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šŸš€ Future Africa's Founders Launch $750K-Backed Accelerate Africa, Aiming to Be the YC of the Continent šŸŒšŸ’”

šŸš€ Future Africa's Founders Launch $750K-Backed Accelerate Africa, Aiming to Be the YC of the Continent šŸŒšŸ’”

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#startups accelerator
Iyin Aboyeji, founder of VC firm Future Africa, and Mia von Koschitzky-Kimani are spearheading Accelerate Africa, a game-changing accelerator fueled by a $750,000 USAID grant. With the goal of becoming Africa's answer to Y Combinator, they plan to nurture ten pre-seed and seed-stage startups across the continent, providing invaluable mentorship and guidance.

In a bid to fill the void left by the retreating Y Combinator from Africa, Iyin Aboyeji and Mia von Koschitzky-Kimani are launching Accelerate Africa, backed by a substantial $750,000 USAID grant. Dubbed the "YC of Africa," the accelerator aims to support ten startups in a comprehensive eight-week program, focusing on storytelling, team-building, business development, and product refinement. Unlike Y Combinator, Accelerate Africa will take a hands-on approach, working with startups in person across two cities, Nairobi and Lagos. Success will be measured by the startups' ability to secure follow-on funding during and after the program. Notably, participation does not guarantee funding from the accelerator itself, ensuring a clear distinction from Y Combinator's model. The accelerator, while facilitated by some Future Africa staff, operates independently, maintaining transparency and avoiding potential conflicts of interest. šŸŒšŸš€šŸ’°


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