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

Published: 27 Sep 2023

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

Application Deadline	October 6, 2023
Funding Type	Partially Funded
Country to study	Nigeria
Type	Entrepreneurs
Sponsor	International Finance Corporation (IFC)
Gender	Women

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

October 6, 2023

How to Apply