Microsoft-backed FAST Accelerator program is open for application and is set to take place in Silicon Valley.

In a bid to foster entrepreneurship and innovation in Africa, the program aims to provide startups in Africa with an unparalleled opportunity to accelerate their businesses through mentorship, networking, and fundraising.

The FAST Accelerator program comprises a two-week virtual boot camp followed by a five-week immersive experience in the heart of Silicon Valley.

“During the virtual boot camp, participants will focus on refining their business models and gaining valuable insights into entrepreneurship.”

The top startups selected from this phase will then proceed to the next stage, where they will be provided with acceleration opportunities, networking events, and access to potential investors in Silicon Valley.

Participants of the program will benefit from personalized mentorship and business coaching from experienced professionals who will guide them throughout the journey.

Additionally, startups will have the chance to pitch their ideas to Silicon Valley investors and industry experts, receiving valuable feedback and exposure.

The program also includes weekly seminars and progress meetings to facilitate learning and growth tracking, as well as opportunities to connect with global startups and corporate partners for potential collaborations.

The timeline for the FAST Accelerator program has been outlined as follows: the review process for selecting top candidates for the virtual boot camp will take place from July to August 2023.

The “Fundamentals of Entrepreneurship” two-week online program will be held in August 2023, accommodating up to 60 participants.

Finally, in October 2023, the top 10 participants from the boot camp will embark on an all-expense-paid, five-week Silicon Valley Training Program, which will culminate in pre-arranged meetings with angel investors, venture capitalists and potential trade partners.

To be eligible for the program, startups must be based in Africa and demonstrate readiness for scaling or expansion within the continent.

The program places priority on B2B startups, with particular interest in the healthcare, fintech, edutech and industrials/Agtech sectors.

Startups focused on sustainability and deeptech are also welcomed.

Participants are required to commit to the entire duration of the program.

The FAST Accelerator program presents an extraordinary opportunity for African startups to access the resources and connections necessary to propel their businesses to new heights.

Entrepreneurs are encouraged to apply this July for a chance to join the program and join the thriving startup ecosystem of Silicon Valley.

For more information and to apply, interested parties can visit the FAST Accelerator website.