The Jasiri Growth Accelerator is designed to provide comprehensive support to existing businesses with substantial growth potential, assisting them in reaching crucial growth milestones and preparing them for investment. This programme targets startups from Rwanda, Kenya and Ethiopia that have pioneered market-creating innovations, which are businesses dedicated to solving complex challenges and delivering valuable goods or services to a broad previously underserved audience. To be eligible for this accelerator, these businesses are required to have achieved product-market fit. Early-stage businesses often face fundraising challenges due to inadequate traction. Market-creating innovations, by their nature, demand substantial investment for development. This accelerator supports ventures by bridging the crucial funding gap that exists for them.
Ventures focused on Market Creating Innovations face unique challenges, while needing significant investment support. The Jasiri Growth Accelerator partners with founders to devise a customized Development Plan. This plan focuses on supporting the ventures to address challenges and reach milestones that will have the greatest impact on their business growth and position them to attract funding and / or investment. The accelerator provides access to key advisors, coaches, mentors and networks, as well as dedicated venture builders to work alongside founders as they take this catalytic leap.
The Jasiri Growth Accelerator commits a funding amount of US$75,000 per venture, delivered through a mix of direct and indirect funding
Growth Accelerator Offering
US$75,000, provided as a mix of direct and indirect funding
Mentorship and coaching
Financial reporting and accounting support
Office space if required, and support in identification and selection of service providers
Introductions to potential partners
The Jasiri Growth Accelerator supports existing businesses with high growth potential to achieve key growth milestones and get ready for investment.
The Growth Accelerator focuses on startups from Rwanda,Kenya and Ethiopia offering defensible market-creating innovations, whether this innovation rests in their products or their business models. These businesses must have achieved product-market fit.
GROWTH ACCELERATOR RECRUITMENT & SELECTION
To be accepted into the Growth Accelerator programme, the Startups must exhibit the following:
Large potential market.
Market-Creating Innovation Potential to address non consumption ie trying to solve difficult problems and providing goods or services that were previously not accessible or affordable to a large number of people.
Existing user base.
Consistent growth in revenue or user acquisition.
Proof of legal Registration and tax compliance in Rwanda,Kenya or Ethiopia.
Selection for the next cohort of the Jasiri Growth Accelerator will be announced early in 2024.