Finance Breaking news AlphaCode seeks next fintech unicorn – applications open for R10m programme last financial news

Breaking-Finance.Com - Applications are open for the next AlphaCode Incubate programme which aims to identify, partner and grow innovative financial services entrepreneurs.

Finance Breaking news AlphaCode seeks next fintech unicorn – applications open for R10m programme last financial news

Breaking-Finance.Com - Applications are open for the next AlphaCode Incubate programme which aims to identify, partner and grow innovative financial services entrepreneurs.

Finance Breaking news AlphaCode seeks next fintech unicorn – applications open for R10m programme last financial news
29 September 2020 - 13:30

Breaking-Finance.Com - Successful applicants will receive funding, guidance from performance coaches and a panel of advisory experts, access to AlphaCode’s co-working space and opportunities to apply for further early-stage investment. The Incubate programme has disbursed R30 million in funding to 31 black-owned financial services businesses over the past five years and is viewed as South Africa’s most prestigious fintech startup initiative. “At AlphaCode Incubate we know how much determination is required to get an early-stage business or idea off the ground. Entrepreneurs have to overcome many challenges when they first start and it is crucial to know how to navigate these challenges for success. Our mission is to help disruptive, early-stage businesses with pioneering ideas to make a meaningful impact in the financial services industry as we seek the next OUTsurance or Discovery,” says Andile Maseko, head of ecosystem development at AlphaCode. Applications for this highly regarded programme are open until Monday, 26 October 2020 and this year, there will be three phases to the process.First, thirty applicants will be chosen for the selection bootcamp, where they will undergo a rigorous selection process that includes presenting deliverables and undergoing a panel interview.

. This jump-start programme focuses on achieving a viable business. It culminates in a demo day, where participants will compete for a place in a 6-month step-up programme.Five start-ups will be chosen to join this programme which offers intensive incubation focused on achieving product-market fit, as well as financial viability. Each start-up will receive grant funding of R500 000. The value of this entrepreneurial package is almost R1 500 000 for each startup. In addition, startups will be able to apply for seed capital from AlphaCode’s fund that invests in early-stage startups.

Source = Breaking-Finance.Com

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Finance Breaking news AlphaCode seeks next fintech unicorn – applications open for R10m programme last financial news


Finance Breaking news AlphaCode seeks next fintech unicorn – applications open for R10m programme last financial news


Finance Breaking news AlphaCode seeks next fintech unicorn – applications open for R10m programme last financial news


Finance Breaking news AlphaCode seeks next fintech unicorn – applications open for R10m programme last financial news

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