This is announcing the FAVE Women Y Combinator Accelerator Programme for all women entrepreneurs in Africa.
In the last few years, quite a number of technology startups across Africa have received an influx of capital. However, a majority of these companies have been founded by men.
In 2015, YCombinator (YC), the world’s best startup accelerator, admitted its first batch of African startups. Since then, over 30 startups have been accepted into the programme. Yet, only 3 of these companies – Buycoins, Schoolable, and Tress – have had female co-founders and only 1 – Tress – has had a female CEO. This trend is concerning.
There is an incredible funding gap for women entrepreneurs in Africa. According to annual reports by Partech Ventures, over $1.204 billion has been raised by African startups since 2015, yet women led or co-founded companies only comprise single digit percentages of that amount.
That is why FAVE WOMEN, is working with some amazing YC alumni to make it easier for African female founders leading tech startups to get into Y Combinator. The aim is to build a future where more women can lead high growth venture backed technology companies.
From Aug 21 – Sept 11, we will help connect you to a number of YC alumni who will review your YC applications to ensure they meet YC criteria and – if they wish – directly refer your company to YC to increase your chances of getting in.
Apply if you’re an African woman leading a technology startup with :
A live technology driven product or service
a technical co-founder
any level of traction
All we ask is that you don’t doubt yourself. You may think your company doesn’t have the potential to get into YC, or that your idea isn’t good enough, or that your company is too early, but you are most likely wrong. Let us be the judge of that.
This opportunity closes on August 14th – so don’t wait, apply here! Know any women who are brilliant and have the ambition to lead a high growth tech startup? Please share this article with them.
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