ARM Labs

About

The ARM Labs Lagos Techstars Accelerator Program invests in early-stage fintech and proptech companies based in Africa. Following the announcement of the ARM Labs Lagos Techstars accelerator launch, applications are now open for early-stage fintech and proptech startups based in Africa from June 6 – August 24, 2022. At the end of the application process, 12 startups will be selected for the program. The inaugural in-person class will commence on December 5, 2022 and conclude with a Demo Day scheduled for March 16, 2023 where local investors, community, government and business leaders will experience the transformational power entrepreneurs have on the African fintech and proptech community.

The process

Up to 12 startups will be selected on an annual basis to participate in the program and benefit from up to $120k in funding, curated startup programing, and access to Techstars’ vast network of 7,000+ mentors, 20,000+ investors, alumni, and corporate partners. The program’s inaugural class will commence in December 2022 and culminate in a Demo Day in March 2023.

What is the Benefit of ARM Labs Lagos Techstars Accelerator?

12 startups will be selected to receive funding, hands-on mentorship, and access to the Techstars worldwide network on an annual basis.

• Access to Techstars resources for life;
• Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office space;
• Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members;
• Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $5M;
• Demo Day exposure and other investor connections.

Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.

Who can apply?

The choice of Lagos, Nigeria for the location of this accelerator program is the result of the growing global relevance of Nigeria’s startup ecosystem. Global venture capital investment data shows Lagos is one of the fastest growing ecosystems worldwide and the number one African startup city as of 2021.

The ARM Labs Lagos Techstars Accelerator Program invests in early-stage fintech and proptech companies based in Africa.

This new program furthers Techstars’ mission to support entrepreneurs everywhere and give startups the advantages they need to succeed, regardless of their location or background. Startups are encouraged to learn more about the ARM Labs Lagos Techstars Accelerator and explore Techstars’ many global accelerator programs at techstars.com/accelerators. Corporations and investors interested in partnership opportunities with Techstars can learn more at techstars.com/corporations.