ACCELERATION PROGRAM APPLICATION FORM
Thank you for your interest in participating in this program. Please read carefully through the information provided and ensure that all sections of the form are completed accurately. We look forward to your participation!
PROJECT BRIEF
TechBridge Invest, MTI Investment and Sote Hub are implementing ELEVATE BLUE PROJECT, an end-to-end support program for entrepreneurs in marine plastic and blue sectors in East Africa. The project offers full-cycle support from ideation to investment, aiming to enhance startups’ skills, resilience, and adaptability, thereby contributing to long-term economic growth and ecosystem development.
The project emphasizes knowledge transfer, organizing workshops, seminars, and events to encourage collaboration and technological adoption among startups. Startups will gain access to cutting-edge technology and mentorship, enabling them to innovate and increase competitiveness.
The project’s impact targets include creating approximately 9,000 jobs (3,000 direct and 6,000 indirect) within five years and achieving substantial revenue growth for accelerated startups, with a target of increasing revenue to $9.4 million.
As part of the project activities, we will run an acceleration program focused on supporting companies in the Blue Economy and Marine Litter sectors in Kenya and Tanzania. Through tailored mentorship, professional support, and access to a global network of industry partners, we aim to enhance the competitiveness and traction of innovative companies while maximizing their environmental and societal impact. The program provides entrepreneurs with 100% free support, including operational guidance, expert consultation, and growth resources, helping them validate their market fit and scale their solutions effectively.
APPLICATION GUIDELINES
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Company with a product in the market and has generated an annual revenue of $50000+ and has demonstrated traction in the Marine Litter, Blue Economy or both.
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The geographical scope is strictly limited to Kenya and Tanzania.
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Teams should have at least 30% women participation.
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People with disabilities (PWDs) are encouraged to apply.
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Companies should not have been previously accelerated by Sote Hub or TechBridge.
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Companies that have participated in a maximum of one previous accelerator program.
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Applicants must commit to full participation in all activities, and consent to the release of content generated during the program.
TIMELINES
Call for Applications Opens on 20th December 2024 and remains open for 38 days, closing on 27th January 2025 at 23:59 hours.
