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Apply Now: $1 Million African Digital Startup Funding and Support

By Wayan Vota on March 1, 2021

ict innovation funding

A majority of failed startup companies associate poor execution, limited funding, and market access as the primary drivers of most innovative ideas. The founders say they needed access to technical resources, funding, domain experts, and industry-specific business support to help them find entrepreneurial product-market-fit.

$1 Million Digital Startup Support

The Builders Academy combines CEEDCAP’s Startup Assembly Systems with $1 million in funding and support services to help founders develop their customer-facing capabilities at high speed while validating market-fit to speed up the venture building process and ease the cognitive load of launching new companies.

Sign Up Now for Startup Funding Emails

The Builders Academy targets audacious founders using technology solutions to solve real world human problems in education, finance, agriculture, and health sectors. The 9-week program focuses on venture design, operation and management using practical methods to build and validate a startup business at an early stage.

Apply Now! Deadline is March 10, 2021!

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Written by
Wayan Vota co-founded ICTworks and is the Digital Health Director at IntraHealth International. He also co-founded Technology Salon, MERL Tech, ICTforAg, ICT4Djobs, ICT4Drinks, JadedAid, Kurante, OLPC News and a few other things. Opinions expressed here are his own and do not reflect the position of IntraHealth International or other ICTWorks sponsors.
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5 Comments to “Apply Now: $1 Million African Digital Startup Funding and Support”

  1. Cavin Mugarura says:

    1 million dollars in perks, some people need some growing up

  2. L-seanbeatz cloth line says:

    1.0. EXECUTIVE SUMMARY
    L-seanbeatz is a company with a youthful taste in the contemporary world. It was established in 2019 with the aim of branding products, cloth designing and branding, graphic designing, website designing, installation of network system and applying maintenance to IT systems (both hardware and software). We are currently located in Lilongwe, Malawi. Specifically, in area 2 “Bwalo La Njobvu” opposite Darling shop and alongside the market road.
    The outlook for the future of L-seanbeatz is promising. Developers are creating a K150 million first-class possibility projects. The workshop will be rebuilt as business will start expanding, creating more space for the services to be administered more professionally, making a total of 25 acres. There will be 100,000 sq. ft. of commercial space, whilst employing different kinds of help from the society as a means of reducing unemployment in country. The current diverse services will improve and increase with time as well as the customers’ preferences
    Our mission is to illuminate and elevate domestic skills by satisfying the needs and wants of clients through our designs and brands plus our ICT services in the country thus creating a global village. It is time for Malawi to have its local brand in terms of cloth designing rather than always importing such products from other countries, whilst money is constantly being transferred to other countries from an already poor nation will just intensify the poverty. But if the people would have a local brand and be satisfied by it, then the income will just be circulating within the country thus boosting the economy.
    The firm will be constantly changing its outlook to always keep the customers on track as the world is changing everyday hence peoples view, taste and likes are changing by the minute. So, L-seanbeatz will regularly change labels in the branding and designing section to match the current affairs and even improve a customers desired label specification to exceed the expectations. Plus, frequently getting the updated versions of the branding and graphic materials to continue dazzling the customers.
    The service will be very competitive in terms of labor. We will hire the best people available, training, motivating and encouraging them, and thereby retaining the most competent, competitive and efficient staff possible. Our management team is comprised of individuals whose backgrounds consist of a 5-year experience in graphic designing, product branding, cloth designing, website designing, network system installation and IT systems maintenance. Not forgetting a reliable expertise in management, finance, marketing, art and motion pictures. The total number of employees at the moment is 10, in pursuit of the company extension.
    Most important to us is our financial success and we believe this will be achieved by offering high-quality service and excellent designs with an interesting twist. We have created financial projections based on our experience and knowledge of the area. With a start-up expenditure of K385,000 we can generate K600,000 in sales by the end of year two, and produce good net profits by the end of year three.
    We are seeking a loan guaranty for K2, 000,000 with a 7% interest rate. We are investing K100,000 of our own capital and seeking to raise an additional K800,000 from investors. Our preferred instrument will be five year subordinated notes with an attractive coupon rate of 12% for the first two years and 15% for the remaining three years. At the end of five years the investors’ notes will have matured and original principal plus a 2% premium and the final interest payment will be made. Our investor philosophy is conservative. Since business start-ups are so expected our belief and commitment to our investors will be to pay a generous, predictable rate of return while not strangling our operational cash flow. As our business becomes more established and reliable, our ability to pay an improved return of capital will be evidenced by an increased coupon rate of 15% of original principal. At maturity we feel it proper to retire the notes with a 2% premium to original principal invested.
    How We Are Projecting Income

  3. We are the organisation of Nkoskbagcine Orphans HIV/AIDS asking for donations we are working with 110 children who are disable orphans HIV n street kids we have 40 volunteers

  4. Am a Samuel Okoye from Nigeria, am a graduate and a orphan, I graduated from University few years and have completed my NYSC, please I need a support to start up a business so to be blessing and helpful to people around.
    I will be glad if am been contacted and considered.

  5. Songa says:

    Hi ICTworks
    My name is songa gonalumozi, I’m a refugee, i’m a IT trainer, I work with a non-profit organization called YARID ,(young African refugees for integral development) in Kampala Uganda .
    I train refugees on computer skills which we face many challenges. I would like to seek for any support or any link to someone or an organization which can support.
    Best regards