The Acceleration Factory Program
Are you a tech entrepreneur managing a registered business in Ghana?
Are you looking to grow your sales to the next level?
Do you want to be mentored by leading industry professionals?
Then apply for Acceleration Factory Ghana!
The Ghana Innovation Hub, through the Accelerator Factory, offers a 4-month acceleration program for technology companies which will be tailored to you and your team’s needs for the growth of your business. During this 4-month period you and your business coach will look at opportunities for your business and work towards new market access, improving operational efficiency and structuring your financials for future investment
Over the 4 months there will be 12 workshop days, monthly masterclasses from our (corporate) partners and weekly access to a mentors who will help implement your strategy. The Acceleration Factory will provide you with training, coaching and:
1 Access to Market: Actively seeking to find buyers in their segments for them to pitch to during the 12 weeks and especially at the (Sales) Demo Day
2 USD 20,000 AWS Support: 15,000 USD in AWS Promotion Credit valid for 2 years, 1 year of AWS Business support up to (5,000 USD) and 80 credits for self-placed labs
3 USD 10,000 0% Loan: Loan given to start-up for revenue generating purpose which will have to paid back within a year.
January 29th: Online Application deadline (midnight GMT)
February 15th: Start-ups will be announced
29th Feb - 1st March
7th March - 8th March
28th March - 29th March
4th April - 5th April
25th April - 26th April
2nd May - 3rd May
Final networking event
Final networking event: 15th May
Weekly coaching hour during the program and 1 day per month of coach support – to be scheduled as needed.
What do you need to apply?
Register on the website
You need to be registered as an Entrepreneur and have at least one Business Summary added on the Ghana Innovation Hub website for the business you are applying with. Please note that for application for this program– you do not have to fill all the information requested in the business summary. For more information, please check our tutorial page.
*The Acceleration Factory is located in the Ghana Innovation Hub.
Fill the Application Form (external Google form)
Please fill in the Application Form. Please note that this application form is filled through Google Forms. Your application will only be considered when when you have completed this form.
To ensure participation and commitment to the program, selected businesses will pay a GHC1000 deposit upon selection which will be refunded to them after full participation for the program workshops and coaching.
About the program
The Acceleration Factory Program runs for 4 months – from February 2020 to May 2020. During this period, you will be getting training from qualified professionals, mentoring from industry experts and you will have access to a resident entrepreneur for extra coaching. Collectively the team is here to ensure you grow your sales to a new level.
There are 12 workshop days with all company owners, focusing on human centered design, buyer behaviour, sales techniques, business branding, social media marketing, accounting and finances, governance and compliance, improving your operations, building partnerships, and creating an HR strategy.
Next to this, we will also have regular network sessions with key note talks for key people from the industry. During the program, you and your team will also have access to working space at the Ghana Innovation Hub. At the end of the program you should have a growth plan with clear KPIs, know who to target and how to reach them to further your business.
In May 2020, there will be a networking event for you to promote your (new) products and services.
We will be selecting between 5 - 10 tech businesses and are looking for registered businesses with existing sales. You are currently in business and have generated sales and are now looking to grow that sales by developing new products, or expanding into new markets. We are sector agnostic, but your company has to have a tech focus. Our selection criteria are:
- The business is registered at The Registrar General and is an IT based / enabled business
- You are already generating monthly revenues and you are ideally past proof of concept. You have financial statements to support claim and show amount generated over the last 2 years
- You have a sustainable business model and there is an opportunity to scale the business (local / internationally).
- The company has more than 2 full time team members
- The team is not involved in any other program concurrently as the acceleration factory
- The founder / CEO is available for acceleration factory dates listed below. Ideally whole team or other relevant members should come for some selected sessions. (e.g. IT for product development, Sales/Marketing for buyer behaviour)
- The team is able to commute to the hub for the training on the selected dates (No transport or accommodation will be provided)
- The founder is over the age of 18