100 women-led startups will be part of high-impact acceleration program

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100 women-led startups have been selected by the Women Entrepreneurship for Africa program (WE4A), which focuses on job creation and startup growth.

The WE4A initiative provides female-led startups with increased business capabilities, funding access, market opportunities, knowledge enhancement and technical training.

It is an initiative of European Union (EU), Organisation of African, Caribbean and Pacific Statess (OACPS) and German Federal Ministry for Economic Cooperation and Development. Implementation by the Tony Elumelu Foundation and Deutsche Gesellschaft fur Internationale Zusammenarbeit.

The Swiss Association for Entrepreneurship in Emerging Markets is responsible for running the WE4A’s acceleration and program components. It is a member the Seedstars Group. Participants will receive EUR10,000 (US$11,000.400) in grant funding, and three months of technical assistance through a virtual acceleration program.

The 100 startups (the full list is here) will have access to more than 30 workshops, expert presentations and networking sessions. The mentors will match startups with one-on-one meetings and provide EiR support for small groups.

After completing the accelerator, startups will present their solutions to international investors at a virtual demo. The top 15 startups with the highest potential for high growth will receive additional funding up to EUR50,000 (US$57,000), as well as three months of training as part of the growth program.

We4A is expected to create over 1,800 jobs for women entrepreneurs in Sub-Saharan Africa.

The European Union is proud of its support for the Women Entrepreneurship for Africa program. The potential for growth and creativity can be unleashed by empowering women and youth. It creates decent jobs and reduces inequalities on our neighboring continent. “The EU is committed supporting small businesses, particularly those run by women or young people, that are the backbone and long-term growth of Africa’s economy,” stated Jutta Uripilainen, European Commissioner for International Partnerships.

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