Leaders of 15 incubators, accelerators and seed funds were selected to participate in VilCap Communities Africa, an innovative programme led by Village Capital to accelerate the flow of capital to early-stage companies in sub-Saharan Africa. The programme is supported by the Impact Programme which is funded by the UK Department for International Development (DFID).
The 15 finalists will take part in forums this fall led by Village Capital in Lagos and Nairobi, capped off by a major convening in Cape Town in November, where they will learn and share the latest best practices, including Village Capital’s proprietary curriculum and peer-selected investment process.
Village Capital has run more than fifty investment-readiness programmes across the globe, including eight in sub-Saharan Africa that have directly supported more than 80 entrepreneurs and facilitated 16 seed-stage investments. VilCap Communities Africa will build on this experience to equip entrepreneur ecosystem leaders with the tools, resources and connections they need to catalyze impact investment.
The 15 finalists were chosen from more than 200 incubators, accelerators and funds that applied. They operate in 20 African countries, including Ethiopia, Benin, Tanzania, Senegal and Cote D’Ivoire. The group brings together a mixture of types of organisations, some from more mature ecosystems such as Nigeria, Senegal, Uganda and some from very nascent ecosystems such as Sierra Leone, Democratic Republic of Congo and Rwanda.