The i5hub Acceleration Program is a transformative catalyst designed to propel growth-stage startups, brimming with global scaling aspirations, into a new era of accelerated growth and expansion. Through a comprehensive suite of resources, unwavering support, and expert guidance, the program empowers startups to achieve their full potential and establish themselves as leaders in their respective industries.
2. Program Objectives
The i5hub Acceleration Programme is committed to the following objectives:
- Investor Network Access: Grant access to a vast network of investors, diversifying funding sources and accelerating expansion.
- Business Development Support: Offer expertise and guidance to expand reach, access new markets, and forge strategic partnerships.
- Professional Services Guidance: Equip startups with the necessary tools and knowledge to navigate complex legal, financial, and operational challenges.
- Skills Enhancement: Empower teams with advanced skills to excel in a rapidly evolving global marketplace.
- Global Recognition: Elevate brand visibility and establish startups as leaders in their respective industries.
- Financial Empowerment: Provide substantial financial aid to fuel the growth and innovation of promising startups.
3. Program Structure
The i5hub Acceleration Programme is structured to provide a holistic approach to startup growth and development. The programme comprises three key phases:
Phase 1: Onboarding and Assessment
- Comprehensive onboarding to familiarize startups with the programme’s structure, expectations, and support systems.
- Thorough assessment of each startup’s unique strengths, challenges, and growth opportunities.
Phase 2: Tailored Support and Development
- Provision of customized support and resources aligned with each startup’s specific needs and objectives.
- Access to a network of mentors, experts, and industry leaders for personalized guidance and mentorship.
Phase 3: Acceleration and Expansion
- Facilitation of partnerships, collaborations, and market access opportunities to accelerate growth and expansion.
- Preparation for investor pitches and fundraising initiatives to secure the necessary capital for further growth.
4. Program Components
The i5hub Acceleration Programme offers a comprehensive range of components designed to empower startups on their journey to global success:
- Financial Support: Receive funding of up to $4000 to cover critical expenses, including PR & marketing, professional services, and corporate compliance.
- Fundraising Assistance: Access an extensive network of investors for diversified funding sources and gain expert guidance in preparing financing materials, structuring deals, and negotiating with potential investors.
- Business Development Opportunities: Expand your reach beyond local markets through product trials, business expansion tours, executive coaching, and access to valuable market insights, connections, and opportunities.
- Professional Services Support: Establish a robust foundation for company growth with professional services focusing on risk management, IP strategy, compliance, operational optimization, and talent acquisition.
- Skills Enhancement: Equip teams with advanced skills in organizational management, business upscaling, capital structuring, leadership development, and effective communication.
5. Eligibility Criteria
The i5hub Acceleration Programme is open to a select group of high-potential startups that meet the following criteria:
- Growth-stage companies with a clear vision and strategy.
- Early-stage startups that are either currently undergoing incubation, affiliated with i5hub, or have been actively operating for a minimum of 6 months and not exceeding 18 months.
- Headquarters, executive functions, and corporate CEOs based in Africa.
- Companies with less than 10 employees, with at least 40% engaged in technology-related work.
6. Program Cycle
The i5hub Acceleration Programme operates on a rolling cycle, with applications accepted throughout the year. Startups will be selected based on a rigorous evaluation process that considers their potential for success, alignment with the programme’s objectives, and commitment to the programme’s expectations and commitments. Qualified applicants will be in the program for a duration of 18 months.
7. Program Benefits
Participation in the i5hub Acceleration Programme offers a multitude of benefits for startups:
- Investor Network Connections: Tap into a vast network of investors to diversify funding sources and accelerate expansion.
- Business Development Expertise: Gain valuable insights, connections, and opportunities to expand your reach and enter new markets.
- Professional Services Support: Receive expert guidance to navigate complex legal, financial, and operational challenges.
- Skills Enhancement and Mentorship: Equip your team with advanced skills and gain personalized guidance from experienced mentors.
- Brand Recognition and Visibility: Elevate your brand and establish yourself as a leader in your industry.
- Access to Capital: Secure substantial financial aid to fuel growth and innovation.
8. Program Expectations
To ensure the success of the programme, participating startups are expected to:
- Actively Engage: Demonstrate a strong commitment to the programme, actively participating in all activities and workshops.
- Open Communication: Maintain open and transparent communication with the programme team,
- Demonstrate Progress: Regularly provide updates on their progress, showcasing their achievements and demonstrating their commitment to growth.
- Collaborate Effectively: Collaborate constructively with fellow participants and programme mentors to leverage the collective expertise and support network.
- Comply with Policies: Adhere to all programme policies, guidelines, and procedures to maintain a productive and respectful learning environment.
9. Program Commitments
The i5hub Acceleration Programme is committed to providing exceptional support and resources to participating startups. The programme team will:
- Tailored Support: Provide personalized support and guidance aligned with each startup’s unique needs and objectives.
- Mentors and Experts: Connect startups with a network of experienced mentors and industry experts for personalized guidance and mentorship.
- Community Fostering: Create a supportive and collaborative environment for startups to network, learn, and grow together.
10. Program Success Metrics
The i5hub Acceleration Programme measures its success based on the following key indicators:
- Startup Growth: Track the growth of participating startups in terms of revenue, market expansion, and team expansion.
- Fundraising Success: Evaluate the success of startups in securing funding from investors through the programme’s connections and guidance.
- Skills Enhancement: Assess the development of the skills and capabilities of startups’ teams through mentorship, workshops, and training programs.
- Brand Recognition: Measure the increase in brand awareness and recognition among industry stakeholders and potential investors.
11. Program Monitoring and Evaluation
The i5hub Acceleration Programme employs a rigorous monitoring and evaluation framework to ensure the programme’s continuous improvement and effectiveness:
- Regular Reviews: Conduct regular check-ins with participating startups to assess their progress, challenges, and feedback.
- Data Collection: Gather data from startups, mentors, and industry partners to track key performance indicators and identify areas for improvement.
- Program Adaptation: Analyze data and feedback to adapt program components and delivery methods to better meet the needs of startups and optimize outcomes.
12. Program Termination
Participating startups may be terminated from the programme under specific circumstances, including:
- Failure to meet expectations: Startups that fail to demonstrate engagement, progress, or adherence to program policies may be considered for termination.
- Funding Misappropriation: Misuse of programme funding or failure to comply with funding terms may result in termination.
- Conflict with programme goals: Startups that deviate significantly from the programme’s objectives or pose a risk to the learning environment may be terminated.
13. Program Support
The i5hub Acceleration Programme provides comprehensive support to participating startups, including:
- Programme Team: Dedicated program team members offer guidance, support, and assistance throughout the programme.
- Community Events: Regular networking events and workshops foster connections and knowledge sharing among startups.
- Resource Library: Access to a curated library of resources, tools, and templates to support startups’ needs.
14. Program Budget
The i5hub Acceleration Programme is funded through a combination of institutional support, corporate sponsorships, and government grants. The budget allocation is carefully managed to ensure maximum effectiveness and value for participating startups.
The i5hub Acceleration Program is a transformative initiative designed to propel high-potential startups towards global success. Through a holistic approach that combines financial support, business development expertise, professional services guidance, and skills enhancement, the program empowers startups to achieve their full potential and establish themselves as leaders in their respective industries. With its rigorous selection process, tailored support, and unwavering commitment to success, the i5hub Acceleration Program is the ideal platform for startups to accelerate their growth and embark on a journey of global impact.