Incubator program

Incubator program

The Program

An Incubator Program helps entrepreneurs develop and establish start-up businesses by providing free or low-cost resources, workspace, mentorship, expertise, access to investors, and in some cases, working capital in the form of a loan.

AFFs 12-week incubator program is broken down into 3 phases:

This phase hones the solution to the chosen problem statement, prove market viability and build an MVP. This is achieved through a web of product designers, solution architects, and founders who contribute as mentors and coaches.

This phase focuses on refining their products, conducting market research and implementing a go-to-market strategy in preparation of pitch deck. We offer them our network of customers and data sets to integrate suggestions and statistics for product-market fit validation.

This phase pulls together all the elements and gets the startup investment-ready. Lawyers, accountants and pitch trainers are brought in to ensure your team has the correct skills and materials to pitch for and receive investment. An Investment Demo Day will be held with Angels, Private Equity and Venture Capitalists.

what we offer

  • Better pricing for payment capabilities (Account debit, Card transactions and payment via link)
  • Access to the Lagos state facilities and grants for Our startups
  • Grant and  tutorship with our partners and VCs across Africa
  • Access to the AFF showcase at our ecosystem events, disrupt conference and many more
  • Free 12 months Legal services which entail registration of companies, Trademarks and intellectual property
  • Cohorts are admitted to The AFF Alum class

FAQs

  • AFF partners with major industry leaders (e.g. Microsoft, IBM, Dell, Deloitte) that offers extensive market reach opportunities
  • AFF provides APIs for various banking services with a customer base of over 43

To foster team bonding, we offer a wide range of activities which include:

  • Movie Night
  • Game Night
  • Paint Night
  • Founder’s Meetup
  • Due to Covid-19 most of your classes will be virtual, however we will inform you at least 2 days prior if your class will be physical
  • Cohorts that live outside Lagos will be informed about mentorship sessions and Founder’s dinner will either be physical or Virtual
  • The winners will be decided from the pitches on demo day, the comments and feedback from the cohort’s mentors and facilitators.
  • Attendance and Participation in all classes and sessions.

The Grants will be awarded to the Top 3 finalist.

AFF takes 10% for $150,000 and it consists of the following:

  • Grant worth $10,000
  • Access to VC network
  • Access to legal support
  • Access to business network and ecosystem and many more.

AFF runs two cohorts. The first cohort runs from February till May and the second cohort runs from August

Due to the pandemic, most of the classes and sessions will be virtual. You will be  informed at least 2 days before a physical class.

You retain full ownership of your IP but we reserve the right to use your logo or idea in our public relations.

No, there is no direct funding from AFF. We do however offer you several opportunities to pitch to our network of VCs for investment.

On the last day of the program, start-ups will be given the opportunity to pitch their idea and demo their product to investors, technology investors, potential partners and leaders.