Today, Prosper Africa and Future Africa announced the launch of the Accelerate Africa program. The program provides intensive guidance, mentorship, and resources for early stage African Founders. In partnership with Prosper Africa, Future Africa will support dynamic African entrepreneurs as they embark on a 7-week pre-accelerator program that will prepare them for global scale through accelerator programs such as Y-Combinator, 500 Startups, and Techstars. The program will position these entrepreneurs to raise more investment funding and build more robust startups.
This partnership delivers on the U.S. Government’s commitments from the U.S-Africa Leaders Summit to increase investment on the continent. Prosper Africa committed $170 million in the Summit’s Deal Room to increase U.S. investment in Africa and African exports to the United States by $2 billion in the next five years, including through the new Prosper Africa Catalytic Investment Facility.
Future Africa is one of five African asset managers partnering with the U.S. Government under the new Prosper Africa Catalytic Investment Facility. With $6 million in U.S. Government funding, these first five partnerships expect to mobilize more than $200 million in private capital to fuel African innovation and entrepreneurship. In partnership with the U.S. Agency for International Development (USAID), Prosper Africa’s new Catalytic Investment Facility invests in African funds that have a pipeline of growth-oriented businesses across the continent. The investment facility unlocks private capital to drive scale and sustainability while decreasing risk for prospective U.S. investors. This approach deepens the initiative’s reach and catalyzes greater investment into high-growth, small and medium-sized businesses across the African continent, with a focus on those that are advancing African solutions to global challenges.Table of Content
Prosper Africa is the U.S. Government initiative to increase trade and investment between African nations and the United States. African nations play an important role in the global economy with some of the fastest-growing economies in the world and a growing population that is increasingly young, urban, and digitally connected. The United States, in turn, offers a large consumer base, the world’s deepest capital markets, and a commitment to job creation, transparency, and social responsibility. Increased economic engagement between the United States and African nations cre... read more
Our goal at Accelerate Africa (A2) is to transform the way you craft your startup’s narrative and package its value proposition to best position you for successful application(s).
Accelerate Africa (A2) prepares early stage African founders for global scale. We identify partners who can provide them with access to capital, customers and channels that can catalyze their trajectory such as Global Technology Accelerators like Y Combinator, 500 Startups and Techstars; Governments; Global Technology Companies and Entrepreneur Support Organizations.
For more details, visit Prosper Africa website