The GET Accelerated programme organized by Grooming Endowment Trust is a three-month hybrid startup acceleration program designed to support early-stage young entrepreneurs to develop the skills needed to transform their solutions, gain traction and reach customers. During the acceleration program, three focal areas will be explored: Business models, Strategic partnerships and Investment readiness.
Grooming Endowment Trust was set up as a nonprofit in August 2020 to promote sustainable social initiatives in education, health, enterprise and community development. Endowed with initial seed funding from Grooming Centre, the Trust provides grants and investments to social enterprises creating impact in their communities.
Grooming Endowment Trust have supported 27 innovators, with a vision to impact over 10 million people by 2030. Through their mentorship and grant programs, they have provided valuable assistance to 10 startups, helping them thrive and grow. Additionally, they have successfully scaled up 13 small and medium-sized enterprises (SMEs), propelling their progress and expansion. With NGN100 million in grant awards and NGN200 million dedicated to debt and equity financing for program-related investments, They are committed to fueling sustainable initiatives. Their efforts have been recognized, as they have received a remarkable NGN1 billion commitment to support startups and SMEs over the next decade. Together, They are driving positive change and creating opportunities for the entrepreneurs and businesses of tomorrow.
The Grooming Endowment Trust is focused on supporting startup founders to build and scale solutions that leverage innovation and technology in solving urgent problems in Nigeria. Core focus areas for this cohort include financial services, healthcare, education, agriculture, digital (economy) infrastructure, social impact, media, mobility/Logistics and commerce (e-commerce or social commerce)
Eligibility Criteria for GET Accelerated programme
They are looking for companies;
- In financial services, healthcare, education, agriculture, digital (economy) infrastructure, social impact, media, mobility/Logistics and commerce (ecommerce or social commerce)
- Located in Nigeria; Building for or from Nigeria
- Registered and incorporated with the Corporate Affairs Commission
- MVP, with some traction or paying users
- Years of operations; 6 months – 2 years
- Unique Business model; directly or indirectly serving underserved/marginalized populations
- At least two founders
- Angel, pre-seed or seed stage
Benefits
Once accepted, you will get access to industry experts, partners, and resources provided to help you build and scale your product.
You will also have access to several activities in the program, including;
- In-person Bootcamp
- Masterclasses and Webinars
- Mentorship and Office Hours
- Networking Opportunities
- Pitching and Investor Showcase
- Grants
During the program, you will access extensive business support that will help you rethink your product, attain product market fit and ultimately grow your business. You will also receive equity-free grant funding of up to ten million Naira, only (N10,000,000).
Application Timeline
Application opens on 23rd June 2023.
Application closes on 5th August 2023.
How to Apply For GET Accelerated programme
Click here to apply
Click here to visit the official website for more details.