Applications open for $120k ARM Labs Lagos Techstars accelerator programme

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Published: 2022-06-14
Applications are now being accepted for the ARM Labs Lagos Techstars accelerator program, which will award a total of $120,000.

The ARM Labs Lagos Techstars accelerator is now accepting applications. The program will provide chosen fintech and prop-tech firms with access to US$120,000 in equity capital as well as various sorts of support.

Launched by Techstars, a global investment company that offers early-stage entrepreneurs access to capital, one-on-one mentorship, and customised programming, in partnership with ARM Labs, a Lagos-based innovation programme focused on assisting fintech startups, the first edition of the ARM Labs Lagos Techstars accelerator will last for three months beginning in December 2021. Techstars is a global investment company that provides access to capital, one-on-one mentorship, and customised programming.

During the course of the accelerator program, the firms that have been chosen will have access to the extensive network that Techstars maintains, which includes more than 7,000 mentors, more than 20,000 investors, and more than 10,000 founders, alumni, and corporate partners. Additionally, participants are eligible to receive investment of up to US$120,000, tailored startup programming, and one-on-one mentorship sessions with Techstars industry veterans.

Applications are currently being accepted for early-stage financial technology and real estate technology firms headquartered anywhere in Africa, with the submission deadline set for August 24. Following the completion of the application process, a total of twelve start-up companies will be chosen to participate in the program, which will get underway in December and come to a close with a demo day in March.

Despite the fact that this is Techstars' first accelerator program in Lagos, the company has been active in the African tech space since 2011, hosting more than 400 Techstars Startup Weekends in 40 different countries, and operating the Barclays Accelerator powered by Techstars Cape Town in both 2016 and 2017. In a similar manner, it has invested in 14 Nigeria-based firms such as Healthtracka, FarmCrowdy, and Rent Small Small through its other early-stage entrepreneurship programs.