Wise Guys SaaS – Africa 2022-2023

About the program

Join the Wise Guys SaaS – Africa acceleration program to receive the first investment of up to €65K to accelerate your growth. The program is carried out by Europe’s leading B2B accelerator @Startup Wise Guys and is mainly focusing on East- and West-African early-stage digital B2B SaaS startups with initial traction, solid team, and a focus on one of these areas: FinTech, AgriTech, EdTech, CleanTech, HealthTech, or RetailTech.

Criteria

Our programs are meant for B2B startups. We do sometimes work with B2B2C companies, but we do not work with B2C startups.

To be eligible for the full-time acceleration program you need to have:

• At least a working MVP;
• At least 2 co-founders/team members;
• Initial customer traction, MRR or revenues;
• Scaling potential across the African continent.

What you get from the program?

Throughout the program, there are four main focus areas on which we are working to help you build and grow your startup: Company building, Sales and marketing, Fundraising and Pitching, and Product building.

Work in these areas happens through intensive collaboration with almost 100 mentors at workshops, one-on-one sessions, and sprint weeks, as well as through a dedicated implementation time throughout the program.

Funding opportunity
Up to €65K investment for up to 12% equity (48K cash + 17K program) with a follow-on possibility.

Learning Experience
Benefit from meeting top-notch industry experts: 250+ mentors, 200+ investors, and 500+ alumni.

Be challenged
Join our intensive 5-month startup accelerator program power-packed with cutting-edge industry knowledge and expertise.

Grow Beyond Traction
Accelerate your growth after the acceleration program with the 1:1 support to boost sales, new market entry, and partnerships.

Important Dates & Program Format

Wise Guys SaaS Africa is an 8 month long acceleration program combining online modules with local and international experts and mentors.

• Applications open: May 10, 2022
• Live Q&A: July 12, 2022
• Applications closed: August 25, 2022
• Acceleration Program Starts: October 10, 2022
• Graduation Day: February 2023

Selection process

After the submission of the application to the Dealum, the Scouting team evaluates the application for eligibility. It can take up to 2 weeks for us to get back to you after we have received your application. If the application fits our criteria we might ask you additional questions and invite you to take part in the pitch day to present the business to SWG General partners and team members.

Pitch day is an internal event to evaluate the business idea and meet founders face to face, after the pitches SWG team decides how to proceed with the application. Decisions are: move forward with Due Diligence, offer Wise Guys Pre-accelerator program, reject or stay in touch until later.

The due diligence process includes the Tech call, Managing Director call, Partner/ expert call, and the Deal call.
After the startup has successfully gone through the due diligence process they are invited to the Selection Bootcamp.
TOP 10-12 teams are selected to participate in the acceleration program.

Wise Guys SaaS – Africa 2022-2023