Gen F Entrepreneur in Residence Program 2023 (Up to $250 000 in funding)

August 17, 2023

Are you a budding creator or entrepreneur in search of a support partner to spark your early idea or concept? Do you have a creative idea that is only waiting for the support needed to move from 0 to 1? Submit an application for the 2023 Gen F Entrepreneur in Residence Program.

Utilize this Venture Design Studio to transform your startup ideas into reality in 12 weeks while receiving the money to prove your concept. Gen F is one of the biggest, busiest, and most involved investors on the continent thanks to Founders Factory Africa.

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Benefits

When Gen F occurs, they offer:

  • $3000 per month as a founder’s stipend

  • $5,000 one-time investment to conduct market validation studies

  • Refining your idea with their venture builders to help you become ready for IC

  • Upon approval by the Investment Committee

Free use of Gen F’s studio resources to establish your businessThere is financing available up to $250,000

Eligibility

Aspiring founders who have the necessary experience and are developing a startup that is VC-backable are eligible to apply. These include:

  • Former startup founders who are aware of the requirements for developing company ideas.

  • professionals in their respective fields who have distinctive perspectives on the issue they are attempting to address.

  • Corporate executives have spotted a market vacuum and are considering starting their own business.

  • senior operators with prior startup experience in Africa.

  • founders with a well-researched idea that addresses a significant market need in Africa.

  • Founders who can devote a full-time effort to their startup for 10 to 12 weeks while also refining and validating their concept.

  • ideas with a significant potential for economic gain and a lasting effect.

  • founders who are in the pre-revenue stage of developing their startup idea.

Application

The steps in the application process are as follows:

  • Application form – to examine the market opportunity and learn a little bit more about the entrepreneur. Consider your application unsuccessful if you have not heard from the organizers after a week from when you applied.

  • Exploratory Chat: a 30-minute meeting with the founder to determine whether there is a founder/market fit. Results will be shared two weeks after the initial chat.

  • A panel interview with several FFA members lasts an hour and aims to delve a little deeper with your idea. Following the panel interview, the results will be announced in one week.

Visit Gen F Entrepreneur in Residence for additional details.