The Nigeria-based investment fund, GreenHouse Capital, has launched a new accelerator program for female entrepreneurs in the West African nation. The accelerator, GreenHouse Lab, is geared towards building world-class, women-led tech companies.
GreenHouse Capital was launched back in 2016 by the Nigerian VC firm Venture Garden Group. The investment fund already has several companies under its portfolio including Flutterwave, Prepclass, Tutor.ng, Talentbase, and Max.ng.
Applications are already open for female entrepreneurs to apply to the GreenHouse Lab program. The program is said will equip participants with skills, resources, and support that is needed to help them grow their businesses rapidly.
“We do this by helping startups validate their ideas, bring their products to market and ultimately, attract venture capital investment,” said GreenHouse Capital in a press statement.
The program will take the female entrepreneurs through an intensive curriculum that will be administered both in-person and virtually over a three months’ time. The curriculum will leverage existing entrepreneurship education frameworks and feature key topics including product development, marketing, fundraising, market segmentation, and human capital among others.
The program will wind up with a demo day. When the participating female entrepreneurs will get to pitch their products, having brushed them up during the course of the acceleration program. The pitch will be in front of a selected group of investors and media. The GreenHouse Capital support will continue after the demo day.
“We’re looking for the most passionate entrepreneurs who are 100% dedicated to their ideas and understand that the journey to sustainable success will require a high level of drive and commitment,” said GreenHouse Capital.
“Beyond this, we’re looking for early stage, investment-ready technology startups that have identified a critical need in Africa and are building an effective, sustainable, and scalable solution. We’re looking for companies that have developed, at a minimum, a beta product and are in the process of refining their go-to-market strategy, building out sales channels and generating revenues.