Apply for the United Nations Development Programme (UNDP) timbuktoo Fintech Startup Accelerator Programme 2024
Are you a technology-driven startup passionate about leveraging innovations in the financial services sector to address Africa’s most complex development challenges?Do you have a scalable solution with a defensible position and a clear monetization strategy?
The Timbuktoo Fintech Startup Accelerator Programme is a Pan-African initiative by the Timbuktoo Fintech Hub in Lagos, Nigeria. This programme supports startups that:
- Deploy Technology Solutions in Financial Services: Startups that use digital tools and platforms to drive innovation and efficiency in the financial sector.
- Contribute to Sustainable Development Goals (SDGs): Startups whose solutions promote growth, industrialization, trade, education, health, and inclusive governance, thereby contributing to one or more SDGs.
- Demonstrate High Scalability: Startups that can rapidly scale their user base across African markets, either through digital distribution channels or other means.
- Hold a Defensible Position: Startups with a competitive advantage secured through Intellectual Property (IP) rights, network effects, domain expertise, or regional market dominance.
- Have a Strong Monetization Strategy: Startups with a clear path to profitability and long-term financial viability.
Benefits
Participants in the programme will receive:
- Mentorship and Coaching: Guidance from Africa’s leading industry experts and seasoned entrepreneurs.
- Equity-Free Funding: Up to $25,000 USD to support startup growth.
- Networking Opportunities: Access to a community of fellow startup founders and entrepreneurs from across Africa.
- Investor and Customer Connections: Platforms to connect with potential investors and customers.
- Technical Resources: Tailored resources to accelerate the startup’s growth and impact.
Eligibility
The programme is open to technology-focused entrepreneurs and startup founders across Africa who are aged between 18 and 35. Eligible startups must meet the following criteria:
- Founders’ Citizenship: Founders must be citizens of an African country.
- Local Ownership: Startups must be locally owned and based in an African country.
- Technological Focus: Startups must leverage technology in the financial services sector to address complex development opportunities and challenges.
- Minimum Viable Product: Startups should have a minimum viable product.
- Corporate Governance: Startups must have existing corporate governance systems, accountability measures, and social and environmental safeguards.
Application Process
To be considered for the programme, applicants must submit a complete application. The application process involves:
- Submission of Required Information: Applicants will need to provide information about their startup and their motivation for joining the programme.
- Necessary Documents: Submission of required documents, which will be used exclusively for the application process.
Click HERE To Apply.
For more information, visit the UNDP website.
