About the Program
The Mobile Impact Ventures Program (“MIVP”), is m:lab East Africa’s accelerator program that took place in 2014 for impact ventures with innovative solutions in agriculture, health & water and education. The m:lab’s accelerator was backed by the Rockefeller and Tony Elumelu Foundation’s, through the Global Impact Investment Network’s (“GIIN”) Africa Impact Economy Innovations Fund (“IEIF”). For more information on the grant click here .
The 3 month program supported startups in scaling their business through a tailor made acceleration process designed to facilitate the improvement of: business model, technology, customer discovery and potential for raising funding. This is delivered via intensive business masters classes, coaching with business experts and mentoring with sector specialists.
The Mobile Impact Ventures Program offers services valued at over $15,000 USD in return for equity of 3%, the services included:
- Business coaching sessions with startup specialists including a business model assessment
- Multiple sessions with sector specialist mentors
- Modular and dynamic training workshops on entrepreneurship and technology skill for mobile impact ventures based on needs assessment
- Tailored technology coaching to the needs of your business based on technical needs assessment
- Shared coworking space in the m:lab for the duration of the program
- Access to legal and financial advisory services on an as needed basis
- Access to the product testing lab in the m:lab including phones across all major operating systems
- Up To $1,000 worth of hosting credit per month with SoftLayer for 1 year UX and graphic design services including a design of a professional logo and presentation template
- User interface designs and graphic mockups (e.g. template with HTML5, CSS & Graphic elements) as well as consultation for setting up a usability session
Training content in business and technical areas is delivered in a modular, dynamic and relevant format, with sessions being based on ongoing needs assessments of the startups in the cohort and timings scheduled for Tuesday & Thursday 6-8:30. Startups will be assigned tasks and follow-ups outside of classroom environment (market interaction, coaching and mentoring) which is expected to require an additional 5hrs per week in the startups own time. Attendance of founders is required at all sessions.
A commitment fee of Kshs 7,000 will be required from the social ventures that get admitted to the program. Kshs 5,000 of the commitment fee will be refundable upon the venture’s completion of program milestones.
The program will require the entrepreneurs involved to “Get out of the building” and interact with potential users, customers or partners for insights. Participants will therefore spend much time in the field undertaking experiments to validate their business models and to grow their revenue potential. Startups who complete this three month program will also pitch for cash funding of $5,000, awarded to winning 2 startups in the cohort.
For any questions reach us on – [email protected]
Elizabeth Kaluki Ngumbi has a PhD in Curriculum Studies…