FSDH Female Founders Growth Program (2023)

The Female Founders Growth Programme is specially designed in partnership with the International Finance Corporation (IFC), and WEAV Capital designed to support female-led tech start-ups in Nigeria. The selected startups will partake in a world-class Investment Readiness Programme designed to support high-potential female-led tech companies to raise capital. The program will be delivered jointly by the IFC and WEAV Capital.  

Selected startups will benefit from tailored-made and immersive sessions focused on improving their business model, developing their fundraising strategy, and preparing their data room for investors. Selected start-ups will also benefit from rigorous training in financial management, cash flow optimization, and investment readiness for both equity and debt funding

The 6-week virtual program will commence in mid-October and end in November culminating with a Demo-day showcase, where founders will have the opportunity to pitch to a pool of investors, accelerators, and business leaders. The top pitch will win non-equity funding of $10,000. All selected start-ups will have the potential to receive funding from participating investors in the programme.  

WORTH

The Growth Programme will provide participants access to the following: 

• Access to qualified, experienced faculty via the Masterclasses and Mentoring Sessions. 
• Access to IFC’s Financial Management Training Programme 
• Non-equity grant of $10,000 
• Access to Community and Support from peer founders. 
• Access to a Community of leading entrepreneurs. 
• Access to Funding and Investment opportunities. 

ELIGIBILITY

To be eligible for the program, companies need to meet the following criteria: 

• Have a female founder or co-founder (at least one female needs to be on the founding team) 
• Have a Minimum Viable Product and some initial users. 
• Achieved annual revenues between $50,000 and 1 million. 
• Received less than $500,000 in funding.
  Been in operation for more than a year, but less than 5 years. 
• Be a technology or technology-enabled business in any sector 
• Be an early-stage (pre-seed or seed) company seeking to raise an institutional round of funding to develop their product to the next stage of growth.

DEADLINE: October 6, 2023

To apply and for more information, click here.