The 10k2Startup initiative, founded by Julius Nkansah Owusu-Kyerematen, Google’s head of multi-channel mid-market skills, is offering financial backing to African startups tackling critical challenges. The program provides funding ranging from $10,000 to $50,000 alongside additional support measures.
“We understand the critical role funding and strategic guidance play in the success of startups,” said Owusu-Kyerematen. “10k2Startup is here to address those challenges and empower African entrepreneurs to turn their ideas into reality.”
Operating out of Ghana, 10k2Startup invests in return for equity stakes of 15% to 25%. The initiative’s portfolio includes innovative startups like Homely, Nuelle Organics, and Green Tech.
Key Highlights of the 10k2Startup Program:
- Funding: $10,000 to $50,000
- Application Deadline: July 15, 2024
- Shortlisted Pitch Session: July 31, 2024
- Funding Decisions: Within two weeks of pitch session
- Additional Support: Expert advice, mentorship, connections to investors, partners, and customers
Who Can Apply?
The 10k2Startup program is open to all industries, with a focus on tech-enabled startups that leverage technology to create pioneering solutions. The initiative seeks passionate and driven founders who demonstrate perseverance, discipline, and strategic thinking.
How to Apply
Interested startups can apply for the second cycle of the 10k2Startup program here by July 15, 2024
The 10k2Startup initiative is committed to fostering a thriving startup ecosystem in Africa. By providing financial backing, mentorship, and connections, 10k2Startup empowers African entrepreneurs to make a positive impact and solve pressing challenges.