Accelerate Your Startup Journey with Gen F Entrepreneur In Residence Program

Are you an aspiring entrepreneur with an innovative startup concept? Do you lack the financial resources and support to bring your idea to life? Look no further! Founders Factory Africa's Gen F Entrepreneur In Residence program is here to help you turn your dreams into reality. In this blog post, we will explore the benefits and eligibility criteria of this program, as well as how it can accelerate your entrepreneurial journey.

1. What is Gen F Entrepreneur In Residence?

Gen F Entrepreneur In Residence is a program powered by Founders Factory Africa, one of the continent's largest and most active investors. This program aims to provide exceptional founders and aspiring entrepreneurs with the necessary resources, funding, and expert guidance to build and test their ideas successfully.

2. How can Gen F help you build?

Gen F provides selected entrepreneurs with a monthly stipend, an experimentation budget, and access to a network of experts who can help test and launch their startup ideas. By participating in the Venture Design Studio, entrepreneurs receive targeted support from Founders Factory Africa's expert team, enabling them to refine and validate their concepts.

3. The Gen F Deal:

Selected founders will embark on a 12-week sprint with the Venture Design Studio, where they will receive a $5,000 test and learn budget to validate their ideas. Upon internal approval, entrepreneurs may qualify to pitch for additional funding of up to $250,000 to launch their startups. This funding can provide the necessary financial stability to turn your concept into a reality.

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4. Eligibility Criteria:

Gen F is open to a wide range of individuals who possess the relevant background and passion for building a venture-backed startup. This includes former startup founders, domain experts, corporate professionals, senior operators, and founders with well-researched concepts solving deep African problems. Participants must be able to commit full-time for 10-12 weeks to refine and validate their concept before transitioning into their startup.

5. Benefits of Gen F Entrepreneur In Residence:

During the Gen F program, Founders Factory Africa offers numerous benefits, including a $3,000 stipend for founders over a 3-month period and a once-off $5,000 budget for market validation experiments. Founders will also have the opportunity to work closely with venture builders to refine their concept and receive support in preparation for the Investment Committee. If approved, founders gain free access to Founders Factory Africa's studio services to launch their startups and have the chance to secure funding of up to $250,000.

The Gen F Entrepreneur In Residence program offered by Founders Factory Africa provides aspiring entrepreneurs with the necessary resources, funding, and expert guidance to turn their startup ideas into reality. By participating in this program, you can accelerate your entrepreneurial journey and achieve commercial success while creating a systemic impact. Don't miss out on this incredible opportunity! Apply now and unlock the support you need to bring your innovative ideas to life.

Remember, applications for Gen F are accepted on a rolling basis, so seize the opportunity and apply today!