Categories: Event Articles

Introducing the African Angel Academy – Applications now open for Pilot Program!

Angel Investors are increasingly making a difference to the global start-up scene by helping promising entrepreneurs start and grow companies. The African Angel Academy (AAA) has now been established to help accelerate angel investing in Africa.

Through the creation of an angel investing curriculum,  tools, and mentorship from established angels, all available through an online portal, AAA hopes to reach a wide audience of aspiring angel investors.

The Academy aims to contribute to the need for a stronger angel investing community across the continent, which provides mentorship, knowledge and capital to early-stage businesses.

Pilot Program

AAA hopes to grow the number of investors and investor groups who provide much-needed seed capital and mentor support to promising entrepreneurs, and to

ad1" type="adsense"data-loading-strategy="prefer-viewability-over-views" width="100vw" height=320 data-ad-client="pub-5872356600411723" data-ad-slot="" data-auto-format="rspv" data-full-width>
drive economic growth across the continent. AAA is now accepting applications for its pilot programme. We are looking for 50 new angels (five groups of 10 angels, with a minimum of 4 female angels per group) to train over the next 12 months from 5 different countries in Southern Africa. This programme is open to both newly formed groups as well as individuals.

As an angel participating in this programme, you will be provided with support, tools and knowledge to become active angel investors. This will be done through workshops, online videos and tools as well as virtual mentorship for the groups.

Who should apply?

This programme is suited to new angels who may have made one or two investments without a formal process or systems, or to aspiring angel investors (i.e. you have the capital and time to consider investing into local start-ups during this project). Typically an angel investor is someone who has been a successful entrepreneur and would like to support new entrepreneurs; is a successful professional and would like to contribute both money and expertise

to a start-up; or is a retired business person, who has the time and capital to invest into younger entrepreneurs.

Currently, the project aims to work with groups of angels from South African, Zambia, Mauritius, Tanzania, Botswana or Namibia (the final 5 countries will be selected based on the application numbers).

We we are looking for angels who will commit to participating in this programme, by providing data (via surveys), attending workshops (2 x 1-day workshops), accessing online content (approximately 10 hours) and participating in mentorship sessions (4 x 1 hour) for the next 12 months (February 2020 to March 2021). In addition, angels will need to organise a venue and catering for two one day workshops, and cover any travel should they be based outside of the capital city. We are also looking for angels or organizations to be coordinators or host partners to play this role and support the project. Applications are open here and will close by 14 February 2020.

Program Overview and Timeline

The content that will be covered both online and through in-country workshops includes topic such as angel

investing strategy & mandate, deal sourcing, due diligence, deal structuring, valuations, negotiations, teams, post Investment & value addition, exits and angel Group Management & Structures.

Partners

The partners in this pilot are Fraser Consulting, a strategy, and innovation consultancy, based in South Africa; the African Business Angel Network (ABAN), promoting and training angel investors across the continent, based in Mauritius; and Viktoria Business Angel Network (VBAN), promoting angel investment in East Africa, based in Kenya, who have a track record of developing and delivering content together.

These three organizations are already actively building a network of early-stage investors at a regional level. This pilot program has been generously supported by the Southern Africa Innovation and Support (SAIS) program.

Innov8tiv.com

Innov8tiv is a dynamic Web source for technology news, resources and innovation, with a special focus on the entrepreneurial advances of Africans on the continent as well as in the Diaspora. This site seeks to not only inform consumers and companies about the latest in tech trends and ideologies, but to shed light on a phenomenon often ignored: the inventive, life-changing and creative engine that exists in Africa and among leaders of color around the world, including the UK, the Caribbean, Australia, and Asia. Send story ideas to info@innov8tiv.com

Recent Posts

What Are Algorithms & Why Are They Important

Photo Source What Is An Algorithm? An algorithm is a set of step-by-step procedures, or…

12 hours ago

The 4 Ways That Time Tracking Employees Saves Money

Finding new ways to generate more revenue is getting increasingly difficult. There are only so…

12 hours ago

How Modern Technology Is Reshaping the E-Learning Industry

The government-mandated shutdowns in response to the coronavirus forced millions of students into online education.…

12 hours ago

4 Ways to Make Your Online Business a Success

Thanks to the invention of the World Wide Web, starting your own business has never…

1 day ago

Casino online; Types, Factors Boosting Growth, & Benefits

Traditional casinos are slowly being faced by online casinos; casino houses are shifting their operations…

1 day ago

Perks of Playing Online Casino Games

Online casinos have experienced unprecedented popularity and exponential growth in the past decade. They are…

3 days ago