IFC/WEAV Capital Female Founders Growth Program for Nigerian Entrepreneurs 2023
The Female Founders Growth Program is specially designed in partnership with the International Finance Corporation (IFC), and WEAV Capital designed to support female-led tech start-ups in Nigeria. The selected startups will partake in a world-class Investment Readiness Programme designed to support high-potential female-led tech companies to raise capital. The program will be delivered jointly by the IFC and WEAV Capital.
Selected startups will benefit from tailored-made and immersive sessions focused on improving their business model, developing their fundraising strategy, and preparing their data room for investors. Selected start-ups will also benefit from rigorous training on financial management, cash flow optimization, and on investment readiness for both equity and debt funding.
About International Finance Corporation (IFC)
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development The IFC’s stated aim is to create opportunities for people
Female Founders Growth Program
- Category Entrepreneurs
- Organisation International Finance Corporation (IFC)
- Country to study Nigeria
- School to study–
- Course to study Not specified
- Application Deadline October 6, 2023
Aim and Benefits of Female Founders Growth Program
The Female Founders’ Growth Programme will be held for a total period of 6 weeks and will consist of Mentorship sessions, Masterclasses, and an Investor Pitch Day.
The Growth Programme will provide participants access to the following:
- Access to a qualified, experienced faculty via the Masterclasses and Mentoring Sessions.
- Access to IFC’s Financial Management Training Programme
- Non-equity grant of $10,000
- Access to Community and Support from peer founders.
- Access to a Community of leading entrepreneurs.
- Access to Funding and Investment opportunities.
Requirements for Female Founders Growth Program Qualification
To be eligible for the program, companies need to meet the following criteria:
- Have a female founder or co-founder (at least one female needs to be on the founding team)
- Have a Minimum Viable Product and some initial users.
- Achieved annual revenues between $50,000 and 1 million.
- Received less than $500,000 in funding.
- Been in operation for more than a year, but less than 5 years.
- Be a technology or technology-enabled business in any sector
- Be an early-stage (pre-seed or seed) company seeking to raise an institutional round of funding to develop their product to the next stage of growth.
Interview date, Process and Venue for Female Founders Growth Program
The 6-week virtual program will commence in mid-October and end in November. The time commitment required for the program is approximately 5 hours a week.
Application Deadline
October 6, 2023
How to Apply
- Applications will be reviewed on a rolling basis and applicants are encouraged to submit their applications early.
- To apply for the Female Founders Growth Programme, please fill the form below appropriately.
For more details,visit IFC website
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