Are you harboring an innovative concept, longing to leap from the ideation stage to tangible fruition, yet feeling constrained by financial risks?
The journey of bootstrapping a nascent idea is fraught with challenges, demanding a unique skill set and often impeding the progress of even the most determined founders.
How Gen F Can Empower You
Gen F emerges as a beacon of support, poised to transform your entrepreneurial aspirations into reality.
By entrusting you with an experimentation budget and facilitating access to seasoned experts, we enable you to meticulously test and propel your brainchild from ideation to execution.
Following this crucial phase, you become eligible to vie for funding of up to $250,000, propelling your venture into the realm of commercial viability.
Who Can Benefit from Gen F?
Gen F beckons to a diverse cohort of individuals poised to revolutionize industries and effect transformative change:
- Exceptional Founders and Aspiring Entrepreneurs: people brimming with innovative concepts, striving to realize commercial success while effecting systemic impact.
- Outstanding Professionals and Domain Experts: Seasoned corporate professionals harboring aspirations of transitioning into the realm of entrepreneurship, equipped with invaluable insights and expertise.
- Tech Innovators Targeting Africa’s Challenges: Visionary minds intent on crafting technological solutions to address Africa’s most pressing challenges, serving as catalysts for profound societal change.
- Entrepreneurs with a Local Focus: Individuals possessing a discerning eye for local market gaps, fueled by a fervent desire to tackle indigenous problems with locally attuned solutions.
Qualifying Criteria for Gen F Initiative
The Gen F initiative extends its embrace to a broad spectrum of aspirants, encompassing:
- Former startup founders endowed with the firsthand experience requisite for navigating the intricate terrain of entrepreneurial ventures.
- Domain experts endowed with a nuanced understanding of the problems they endeavor to solve, equipped with the insights necessary for innovative solutions.
- Corporate professionals primed to transition into entrepreneurship, identifying market lacunae ripe for disruption.
- Senior operators boasting a wealth of experience gleaned from previous endeavors within African startups.
- Founders armed with meticulously researched concepts aimed at addressing profound African challenges within expansive markets.
- Commitment to devote full-time engagement spanning 10-12 weeks toward refining and validating their concept, transitioning seamlessly into full-time pursuit of their startup venture.
- Ideas demonstrating promising commercial viability intertwined with embedded impact.
- Founders situated at the nascent stages of their startup journey, prior to generating revenue.
Support Offered During Gen F
Throughout the Gen F journey, participants benefit from:
- A competitive once-off budget earmarked for conducting market validation experiments, facilitating informed decision-making.
- Collaborative engagement with our venture builders, fostering refinement of conceptual frameworks and meticulous preparation for Investment Committee presentations.
- Conditional approval entailing complimentary access to our studio services for startup launch, accompanied by the availability of funding up to $250,000, subject to Investment Committee endorsement.
Note: Gen F operates on a non-fee basis, refraining from levying charges upon founders for participation in the program.
If you resonate with the ethos of Gen F and envision yourself as a torchbearer of transformative change, seize this opportunity to apply. Applications are accepted on a rolling basis until June 1, 2024.
