The Savannah Fund has been in operation about 8 months now, and has done 5 investments. One at $200k+, one at $75k and three at the accelerator level of $25k each.
We’re accepting applications through the end of this week, and we’re looking for 5 quality startups to begin the accelerator program in August. Fill out this form to apply.
What is the Savannah Accelerator Fund?
Last month we put together a short video to better explain the Savannah Fund, and why it’s important for tech entrepreneurs in the region.
In short, it’s not just the $25k, which is useful but not the reason why you should be applying, it’s all of the other connections, training and access to people that bring the real value.
Mbwana has written a post on some of the lessons learned along the way, well worth reading:
“Some of the sessions included Max Ventilla who sold his startup Aardvark to Google, Carey Eaton of Africa One Media (best known for Cheki), Eran Feinstein of 3G Direct Pay a leading credit card and payment processor in East Africa, and investors including Khosla Impact. We also focused heavily on digital marketing by bringing technical experts such as Agnes Sokol who continues to advise some of the startups. In the next accelerator we will add additional resources including collaborating with iHub Research and UX Design Lab.”
Here’s Ahonya, one of the Savannah Fund accelerator companies describes how startups can benefit from accelerator programmes.
July 27, 2013 at 2:04 am
That is a very nice move towards the technological change in AFRICA since it is true that people have ideas only that they lack support to develop their ideas.I am a student at the UNIVERSITY OF DAR ES SALAAM UDSM Tanzania, my friends and I have the idea which we are sure that it will have great impact to the society of Africa. We can contact each other about it on my email email@example.com