A key piece of the Fund’s overall strategy is to address skills and experience gap of entrepreneurs in the region through the Accelerator Program. An accelerator program is designed to help emerging entrepreneurs build a company and launch a product. Early-stage companies participate in “cohorts” and be exposed to a program to learn from experienced local and high value and reputable mentors that have built global technology brands that are also very hands on as would be expected by angel investors.
— Eric Schmidt, Google Executive and Chairman, visits Savannah Fund’s 1st Accelerator class
The Fund’s Accelerator Program will deploy relatively small amounts of capital ($25,000 to each company in exchange for about 15% equity stake- non negotiable) to a cohort of up to 5 startups at a time for 3 months. Applicants will be chosen through an online application and interview process but successful teams should apply with not just an idea but an initial prototype, early customers and revenue.
Accelerator applications closed! We are currently in our 3rd class that ends at the end July 2014. Sign up to our newsletter and we can keep you posted when we open applications for the next class. You can also read our Frequently Asked Questions (FAQ) to learn more.