Africa’s largest entrepreneur and investor community, Venture Capital for Africa (VC4Africa) has opened applications for its June 2013 Cohort’ to help entrepreneurs receive coaching, personal introductions to angel investors and principals at key investment firms.
According to Saskia Reus, VC4Africa’s Head of Investor Relations said, ‘Bottom line, we need to believe in your business opportunity in order to explain the opportunity to investors. We need to be convinced to such an extent that we would want to invest our last money in your company.’
To apply for VC4Africa’s June 2013 Cohort ventures have to register on the VC4Africa platform and express an intention to raise a round of funding between USD $10,000 and USD $1 million. Selected entrepreneurs will receive targeted coaching to reach their fundraising goal.
Entrepreneurs who apply to be part of VC4Africa’s June 2013 Cohort must have a solid business plan, clear market strategy, a working pilot, and a skilled and experienced team. A chamber of commerce registration and complete documentation is a must. Application closes Wednesday June 12th for the three month program.
After the announcement of the program by VC4Africa’s advisory board member Rebecca Enonchong at the Global Forum in South Africa, application will close Wednesday June 12th, and the selected entrepreneurs will be announced on Wednesday June 19th.
Rebecca Enonchong, also known as @africatechie on Twitter, expands, “There are few channels entrepreneurs can use to get such access to investors. This is a great opportunity for the teams with regional and pan-African potential. Few entrepreneurs are fundable out of the gate. The VC4Africa team really makes the difference in getting teams to that next level.”
At this week’s Global Forum in South Africa a number of high potential entrepreneurs listed on the VC4Africa platform are pitching their business plans. From the selected Global Top 50 SME entrepreneurs, around half of the African entrepreneurs are VC4Africa members. Now VC4Africa invites them and all other high potential entrepreneurs active in Africa to apply for VC4Africa’s June 2013 Cohort.