South Africa has just witnessed the launch of a unique platform for women-owned startups within the country, that will empower and enable them connect with Silicon Valley.
Spearheaded by Tumesho Ramaphosa, founder and CEO of StudEx, & Africa Valley, and co-founder Christopher Peralta, together with the dynamic woman empowerment activist and businesswoman Sibabalwe Sesmani, the initiative aims to make women-owned startups investor-ready.
A dynamic virtual boot camp
The boot camp which will hold virtually on November 13 -16, will link vetted participants with Silicon Valley, and open up opportunities for them to venture into international markets as well as acquire funding.
Africa Valley will schedule a four-day Zoom boot camp to participants prior to the Global Entrepreneurship Week, and a major aim of this enlightenment program is to create a platform where startups are educated on how to be investor-ready.
To help participants understand the crucial role investment plays in contributing to the high-quality and growth of a startup, one of the sessions will be handled by Africa Valley’s partner RaiseTheRound and well-known entrepreneur Iddo Tal.
On the final day of the virtual boot camp, 10 selected startups will have an opportunity to pitch their innovative ideas to Silicon Valley investors.
Additionally, a selected startup will receive a pitch deck online landing page revamp, creating a professional pitch page designed to attract potential investors.
Interested women-owned startups can apply online, however, potential applicants should note that only shortlisted candidates will participate due to limited placement.
The rationale behind the initiative
According to reports by Africa Valley, women in a number of countries are deprived of credit opportunities or other financial provisions business starters need to grow their businesses, thereby leaving these potential female entrepreneurs in little or no position to establish an enterprise or even sustain one.
Also, research has it that in 72 countries across the globe, women from specific groups do not stand a chance of opening a bank account or obtaining credit. These restrictions seriously prevents women from potentially running an enterprise.
Furthermore, in 2019, the United Nations Development Programme (UNDP) Regional Bureau for Africa reported that since 2010, Sub-Saharan African economies have lost an estimated $95 billion annually due to the existing and ever-widening gender gap.
This boot camp initiative seeks to accelerate women-owned startups, and also assists in opening up a new avenue for South African female entrepreneurs to tap into a wider net of potential investors, in order to contribute positively to the local economy.
Taking its cue from the African Union’s Agenda for 2063 which focuses on women’s economic empowerment, Africa Valley’s initiative will also positively contribute to closing the existing business sector gender gap in Africa.
Featured Image: afrikanheroes
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