Venture Capital for Africa has launched a fundraising opportunity for promising entrepreneurs to help them raise capital.
Christened June 2013 Cohort, the opportunity makes it possible for entrepreneurs to receive three months of targeted coaching and personal introductions to angel investors and principals at key investment firms.
“There are few channels entrepreneurs can use to get such access to investors. This is a great opportunity for the teams with regional and pan-African potential. Few entrepreneurs are fundable out of the gate. The VC4Africa team really makes the difference in getting teams to that next level,” said VC4Africa’s advisory board member Rebecca Enonchong.
Entrepreneurs who want to take part in the VC4Africa’s initiative must arm themselves with a solid business plan, clear market strategy, a working pilot and a skilled and experienced team.
A chamber of commerce registration and complete documentation are other mandatory requirements.
“Bottom line, we need to believe in your business opportunity in order to explain the opportunity to investors. We need to be convinced to such an extent that we would want to invest our last money in your company,” Saskia Reus, VC4Africa’s head of investor relations, said.
To apply for VC4Africa’s June 2013 Cohort ventures must register on the company’s website, with applications closing on June 12.
