The Mobile Impact Ventures Program (“MIVP”), Mlab East Africa’s accelerator program for impact ventures with innovative solutions in agriculture, health & water and education, is currently seeking applications for its second cohort. The program is backed by the Rockefeller and Tony Elumelu Foundations, through the Global Impact Investment Network’s (“GIIN”) Africa Impact Economy Innovations Fund (“IEIF”). More information about this support is available here.
The program engages social ventures for 3 months to support scaling their businesses through a tailor made acceleration process. The interaction targets improvement of the ventures’ business models, technology, and customer development. This is through intensive business masters classes, coaching with business experts and mentoring with sector specialists. Other interventions include meetups with domain practitioners for knowledge exchange and to build the ventures’ social capital.
Also offered by the program is needs based coaching and training on mobile technologies. The ventures also get support on user experience and graphics designs for their products. The program assists graduates to raise impact investments and gives small cash investments ($5,000) to selected ventures for traction proof. Marketing support is also included for market ready products.
m:lab East Africa is already working with some high potential impact ventures in the program’s first cohort. A call for applications is open for new ventures to join the program in the second cohort. Startup teams of two or three mobile impact entrepreneurs are eligible. One of the team members must be a Tech Co-founder with an orientation to mobile software development. A second team member with working experience in education, agriculture, health or water will be an added advantage. An entrepreneurial instinct or experience running a business venture among the founders will also be an added advantage.
Each of the admitted ventures will be required to dedicate time to complete program milestones associated with their business progress. A commitment fee of Kshs 7,000 will be required from the impact ventures that get admitted to the program. Kshs 5,000 of the commitment fee will be refundable upon the venture’s completion of program milestones.
The deadline for receiving applications is 27th August 2014. Selection is on an ongoing basis so early applications are encouraged. Interested teams can apply for the program HERE. More information about the program may be found on the m:lab website. For any questions, please feel free to send an email to - firstname.lastname@example.org.