OceanHub Africa Acceleration Program for African Entrepreneurs 2024 for Course

  •  Course
  •  05-May-2024
  •   Africa
  • $$  Varies

OceanHub Africa, Africa’s leading enabler of ocean-impact entrepreneurship, is excited to announce the launch of the fifth cohort of its eight-month acceleration program. This initiative aims to support up to fifteen of Africa’s most promising impact-driven for-profit startups dedicated to preserving and restoring the health of the ocean.

Our accelerator is committed to nurturing environmentally conscious and profitable ventures. We strive to foster an economy that effectively combats global warming, overexploitation, and pollution of the oceans. Leveraging our extensive network of stakeholders and facilitators, we offer an innovative hybrid program. This program is designed to identify sustainable pathways that ensure stable profits (ROIs) and opportunities for scalable growth across Africa.

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Eligibility Criteria

  • Your startup is ocean-minded, having a direct or indirect positive impact on the oceans (addressing climate change, pollution, or overexploitation).
  • You are a for-profit entity operating in Africa.
  • You offer a scalable service or product either on the market or soon to be launched.
  • Your product/service demonstrates innovation and/or your business model is disruptive.
  • You are seeking investments or exploring new markets.
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Offered Benefits

Service Package

  • Up to $75k worth of cloud services through our partner, AWS Activate.
  • Over $40k worth of mechanical engineering design software licenses for prototyping and virtual testing, courtesy of our partner, 3DExperience Lab.
  • Access to Dassault Systèmes, Amazon Web Services, Hubspot support, and Notion Premium.
  • Legal advisory sessions with Sidley Austin, Bowmans, and Lex Mundi (multinational law firms) based on your targeted market, valued at up to $50k.
  • Advisory sessions with Mercator Ocean International, Blue Oceans Partners, Ocean14 Capital, WWF-SA, Dept. of Oceanography University of Cape Town, EuroSIMA, and more!

Mentorship & Support

  • Participation in an in-person training boot camp.
  • Tailored business skills and personal development 1-1 coaching.
  • Sales, Product Development, Communication, and Business Development Support.
  • Access to our network of scientific, business, impact, and investment experts from international corporations, foundations, universities, and Intergovernmental Organizations.

Network

  • Access to networking events and conferences, including a stand and stage time at the Ocean Innovation Africa annual summit.
  • Opportunities to connect with potential clients for local and international expansion.
  • Access to our international network of ocean-impact incubators/accelerators for global scaling.
  • Access to key external partners.

Fund-Raising Support

  • Potential funding of up to $10k.
  • Support in preparing and conducting investor pitches, including training sessions with partner investors
  • Assistance in structuring deals, including reviews by transactional and commercial lawyers.
  • Access to a diverse portfolio of impact investors and corporate venture capitalist funds.

Application Process

Go to OceanHub Africa on www.oceanhub.africa to apply
Apply Here
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