Village Capital has just launched its first Hardware Accelerator program in Africa.
The company recently partnered with iHub's Gearbox, a hardware maker space, with support from The Lemelson Foundation, The Doen Foundation, SGII, and VC4Africa to launch the program.
The two companies are looking for 12 high-potential invention-based ventures selected to participate will receive extensive feedback from their peers, potential customers, investors and industry experts, as well as the opportunity to peer-select two participating ventures to receive $50,000 in pre-committed investment each.
During the course of the program Village Capital and Gearbox will be providing unique capacity building in helping these entrepreneurs to overcome the challenges of reaching their investors. The program which is aimed at startups that can improve access to energy and increase agricultural productivity will be a three intensive 4-day sessions over 3 months, with additional remote collaboration online between sessions will be held in Kenya between October and February.
Application is free and as for the enterprises that will be chosen, there will be no program fee.
Application for the program closes September 7th, interested applicants can apply here.
Photo Credit: Uwe Hermann via Compfight cc