Gen F Entrepreneur In Residence 2024 for Young African Entrepreneurs (Up to $250k Funding)

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Applications are now open for the 2024 Gen F Entrepreneur In Residence Program. Turning startup concepts into reality in 12 weeks through the Venture Design Studio and funding to validate your idea. Gen F is powered by Founders Factory Africa, Founders Factory Africa powers Gen F one of the continent’s largest and most active, hands-on investors.

Requirements for Gen F Entrepreneur In Residence

Exceptional founders/aspiring entrepreneurs looking to build out and test their ideas, achieve commercial success and create outsized, systemic impact.
Outstanding professionals and domain experts looking to make the transition from the corporate environment to entrepreneurship.
Founders looking to build tech solutions that solve Africa’s largest problems and catalyse change.
Entrepreneurs who have a keen eye for local market gaps and a sharp sense for local problems that they are passionate about solving.

Eligibility

Aspiring founders with the relevant background building a VC-backable startup. These could be:

Former startup founders who understand what it takes to build startup ideas
Domain experts who have a unique insight into the problem they are trying to solve
Corporate professionals looking to move into entrepreneurship due to a gap in the market that they have identified
Senior operators who have worked in an African startup previously
Founders with a well-researched concept solving a deep African problem in a large market
Founders who are able to commit full-time to refine and validate their concept for 10-12 weeks, and then move full-time into their startup
Ideas with high potential for commercial returns, with embedded impact
Founders who are at the earliest stages of building their startup idea (pre-revenue)

Gen F Entrepreneur In Residence Benefits

During GenF, they provide:

A competitive once-off budget to run market validation experiments
Working closing with our venture builders to refine your concept and help you prep for IC

If Investment Committee approved: