The African Angel Academy has been launched to help boost the trade for Angel Investors in Africa as their role tech entrepreneurship and investments on the continent grows steadily.
The African Angel Academy (AAA) is expected help accelerate angel investing in Africa through the creation of an angel investing curriculum, tools, and mentorship from established angels through an online portal.
The Academy aims to contribute to the need for a stronger angel investing community across the continent, which provides mentorship, knowledge and capital to early-stage businesses.
AAA hopes to grow the number of investors and investor groups who provide much-needed seed capital and mentor support to promising entrepreneurs, and to drive economic growth across the continent.
AAA is now accepting applications for its pilot programme. We are looking for 50 new angels (five groups of 10 angels, with a minimum of 4 female angels per group) to train over the next 12 months from 5 different countries in Southern Africa. This programme is open to both newly formed groups as well as individuals.
As an angel participating in this programme, you will be provided with support, tools and knowledge to become active angel investors. This will be done through workshops, online videos and tools as well as virtual mentorship for the groups.
Who should apply?
This programme is suited to new angels who may have made one or two investments without a formal process or systems, or to aspiring angel investors (i.e. you have the capital and time to consider investing into local start-ups during this project).
Currently, the project aims to work with groups of angels from South African, Zambia, Mauritius, Tanzania, Botswana or Namibia (the final 5 countries will be selected based on the application numbers).
Angels will provide data (via surveys), attend workshops, access online content and participate in mentorship sessions for the next 12 months (February 2020 to March 2021). In addition, angels will need to organise a venue and catering for two one day workshops, and cover any travel should they be based outside of the capital city. We are also looking for angels or organizations to be coordinators or host partners to play this role and support the project.
Applications are open here and will close by 14 February 2020. Programme Overview and Timeline
The content that will be covered both online and through in-country workshops includes topic such as angel investing strategy & mandate, deal sourcing, due diligence, deal structuring, valuations, negotiations, teams, post Investment & value addition, exits and angel Group Management & Structures.
The partners include Fraser Consulting, the African Business Angel Network (ABAN) and Viktoria Business Angel Network (VBAN).
This pilot programme has been generously supported by the Southern Africa Innovation and Support (SAIS) programme, supported by the Ministry for Foreign Affairs (MFA) of Finland, in partnership with the Ministries responsible for Science, Technology and Innovation of Botswana, Namibia, South Africa, Tanzania and Zambia, and the Southern African Development Community (SADC) Secretariat.