IFC/WEAV Capital 2023 Female Founders Growth Program for Nigerian Entrepreneurs

Published: 27 Sep 2023 1,782 views

The Female Founders Growth Program is specially designed in partnership with the International Finance Corporation (IFC), and WEAV Capital designed to support female-led tech start-ups in Nigeria. The selected startups will partake in a world-class Investment Readiness Programme designed to support high-potential female-led tech companies to raise capital. The program will be delivered jointly by the IFC and WEAV Capital.

Selected startups will benefit from tailored-made and immersive sessions focused on improving their business model, developing their fundraising strategy, and preparing their data room for investors. Selected start-ups will also benefit from rigorous training on financial management, cash flow optimization, and on investment readiness for both equity and debt funding.

IFC/WEAV Capital  Female Founders Growth Program

Benefits of IFC/WEAV Capital  Female Founders Growth Program

The Female Founders’ Growth Programme will be held for a total period of 6 weeks and will consist of Mentorship sessions, Masterclasses, and an Investor Pitch Day. 

The Growth Programme will provide participants access to the following: 

• Access to a qualified, experienced faculty via the Masterclasses and Mentoring Sessions. 

• Access to IFC’s Financial Management Training Programme 

• Non-equity grant of $10,000 

• Access to Community and Support from peer founders. 

• Access to a Community of leading entrepreneurs. 

• Access to Funding and Investment opportunities. 

Requirements for IFC/WEAV Capital  Female Founders Growth Program

To be eligible for the program, companies need to meet the following criteria:

• Have a female founder or co-founder (at least one female needs to be on the founding team)

• Have a Minimum Viable Product and some initial users.

• Achieved annual revenues between $50,000 and 1 million.

• Received less than $500,000 in funding.
• Been in operation for more than a year, but less than 5 years.

• Be a technology or technology-enabled business in any sector

• Be an early-stage (pre-seed or seed) company seeking to raise an institutional round of funding to develop their product to the next stage of growth.

Selection Process

The 6-week virtual program will commence in mid-October and end in November.  The time commitment required for the program is approximately 5 hours a week.

Application Deadline

How to Apply