Ongoza, a Nairobi-based startup accelerator that scales ambitious, youth-led businesses in Nairobi and Nakuru is seeking ambitious, growth-minded entrepreneurs for its September 2018 cohort.
The target entrepreneurs ought to be under the age of 35, have a business that has been operational for at least six months, and brings in a minimum monthly turnover of 100K. Ongoza is looking to engage entrepreneurs from a diverse range of sectors, including IT/tech, media, agribusiness, retail, consultancy, and manufacturing.
“In our review of applications, we will be seeking businesses that are in a position to scale, led by enthusiastic innovators, and experiencing problems that we can solve,” said the accelerator which says exists to provide the skills, capital, and connections that young entrepreneurs need to succeed.
“With 800,000 youth vying for 80,000 formal jobs in the Kenyan labor market, Ongoza believes that strategic entrepreneurship can create jobs and promote a more prosperous society,” it added.
Ongoza runs a core 12-month accelerator that provides entrepreneurs with individualized 1-on-1 professional advisory services, access to debt financing, networking opportunities, and an 8-week course that tackles relevant business challenges. Their expert business development advisors (BDAs) boast experience in sales and marketing, product development, financial management, business strategy, operations, and human resources. Entrepreneurs in our program see a 266% average increase in monthly revenue within a year.
Some of Ongoza’s results include Alex Kamanga, founder of Fundis, an innovative mobile app that seamlessly connects technical service providers and their clients. Since joining Ongoza in May 2018, Alex’s average monthly revenue has increased by 50% already.
“The strategy here actually works. You get continuous advisory unique to your business.” he said. “I’ve lost two businesses before, worked with leading startups and was a founding leader Nairobi’s fastest growing churches. I know what works when I see it. Let every entrepreneur know about this chance.”
Another great entrepreneur, Joe Muburi, founder of the Afrikan Film Centre joined Ongoza in November 2017 and has since opened a fully operational office and photography studio and can’t underestimate the the power of coaching and mentorship. Ongoza helps with problems and issues that young businesses need help with.
Ongoza is be accepting applications until 30th August.