L’Afrique Excelle

Scaling up digital innovation

Overview

Jan 15, 2019
Mar 25 - Sep 30, 2019
XL AfricaAccelerator
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Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros, Congo, Congo, Democratic Republic of the, Côte d'Ivoire, Djibouti, Equatorial Guinea, Gabon, Guinea, Guinea-Bissau, Madagascar, Mali, Mauritania, Mauritius, Niger, Rwanda, Senegal, Togo
Agribusiness, Business services, Clean technology and energy, Utilities, Construction and manufacturing, Manufacturing, Creative, media and entertainment, Education, Financial services, Healthcare, ICT, Leisure and travel, Retail and wholesale, Consumer non-durables, Transport and logistics, Water, sanitation and hygiene, Cars, Household appliances, Luxury goods and jewelry

We’re interested in finding high-growth start-ups from Francophone Africa that are looking to raise between $250K and $5M.

 

WHAT WE ARE LOOKING FOR AND WHAT WE OFFER

We’re looking for 20 scalable technology ventures in the late seed or pre-series A stage, well-positioned for growth and cross-border expansion in the Francophone Africa markets, and looking to raise  between $250K and $5M. We can help with access to funding, networks, mentoring and a community of like-minded entrepreneurs. We can also help you refine your business model, grow your revenue and market share, and accelerate your cross-border expansion.

Here’s what we offer:

  • Structured access to Francophone Africa-focused investors throughout the program and at a Venture Showcase at VivaTech in Paris
  • Mentoring from two successful entrepreneurs or investors (international and local) to develop accurate company valuations, financial forecasts, risk management and customer acquisition strategies. Access to other expertise is provided based on your specific needs.
  • The opportunity to engage with investors, domain experts, and corporate partners as well as peers at two all-expenses-paid residencies – in Mali and in France.
  • Support in developing investment packages so you’re ready for investment following the program.
  • Knowledge through curated content designed to teach you everything you need to know about marketing, financing and market expansion.

 

ELIGIBILITY CRITERIA:

  • Your start-up is for profit and registered, with a team of at least three people. It means that if you are an association or a NGO, you do not meet this criteria. Similarly, if you are on your own (a one-person company), you do not meet the criteria.
  • A digital or tech product / service currently available in the market. If your startup is at the idea or prototype stages then your startup do not qualify for the program. People should be able to use and/or buy your product or service. Your offering uses new technologies to operate not just social media to spread its communication.
  • Either based in or deriving at least 75% of turnover in one or several of the following Francophone Africa markets: Benin, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros, Congo, DRC, Djibouti, Equatorial Guinea, Gabon, Guinea-Bissau, Guinea Conakry, Ivory Coast, Madagascar, Mali, Mauritania, Mauritius, Niger, Rwanda, Senegal, and Togo. So either your startup is based in on of these countries OR it is based somewhere else but does at least 75% of its turnover in one/several francophone Africa countries.
  • You have a very strong management team. When applying, it is important to present each management team member with education, background, career and the core expertise they bring into your startup.
  • You can demonstrate tangible traction, evidence of revenue and potential to scale. This can be down by sharing actual sales numbers, forecasts but also contract which are being discussed/negotiated at the time of applying.
  • You are seeking investment capital in the range of $250K – $5M
  • While there will be exceptions, most likely your start-up has already received investment capital, as debt or equity, or received grants from donor organizations or prize money from competitions.

 

LANGUAGE REQUIREMENTS:

The main language of this program is French, so fluent French is a requirement for participation. The application has to be submitted in French, the interviews will be in French, and the majority of Mali and France residency sessions will be in French.
The final pitch at the Venture Showcase, however, has to be delivered in English, so an intermediate level of English proficiency is desirable.

 

OUR SELECTION CRITERIA:

To select the top 20 startups, we will consider:

  • Commercial Value of your Product/Service (25%)
    The company addresses a real problem in the market. The digital or tech solution is different from others in the industry. The product or service is catalyzing social change.
  • Strategy for Growth (25%)
    There is potential to expand locally and into new markets. We can see demonstrable progress and your startup is scalable.
  • Management (25%)
    The team has the qualifications needed to make the business successful.
  • Market Traction & Financials (25%)
    We will evaluate the market traction and potential market size. We’ll also look at the business model, revenue streams and unit economics, and if any outside funding has been raised before.

 

WHAT WE EXPECT FROM YOU

The 20 finalists are expected to participate in the one-week residency in Mali (March 25-30, 2019), where the final cohort of 10 will be selected.
The selected 10 startups will proceed with the rest of the program and are expected to:

  • Engage regularly with mentors (4-6 hours a month) over 6 months.
    Remember it’s a two-way street – both mentors and mentees learn and commit to this relationship. In many cases, we expect these relationships to last long after the program has ended.
  • Over 6 months, participate in up to 5 virtual webinar sessions run by global experts with inputs from leading African and US investors and successful entrepreneurs.
  • Participate in the one-week residency in France (May 13-18, 2019), including the Venture Showcase at the VivaTech event in Paris
  • Engage with your peers part of the cohort, along with mentors, investors and strategic partners.
  • Come with an open mind and be willing to learn and collaborate

 

Team

Portfolio

NameCountrySector(s)
Firefly Media
The advertising platforms to connect brands to commuters in Africa
Senegal Adtech, Public transport
Solaris Offgrid
Flexible SaaS solutions to shorten the path to profitable operations
Tanzania, United Republic of Clean technology, Computer software, Financial ser…
LONO
Turning waste into value: using biomass as fuel for change.
Côte d'Ivoire Biomass, Renewable energy, Waste management and re…
Optimetriks
Agile Sales Force Automation for Africa FMCG
Kenya Information technology, Retail
GiftedMom
End-to-end platform for distributing and monetizing digital content
Cameroon Computer software, Creative, media and entertainme…
Diool
Your transactions made simple
Cameroon Financial services, Fintech
StarNews Mobile
The addictive mobile video network for Africa
United States of America Mobile, New media, Telecom
MaTontine
Improving Financial Outcomes
Senegal Financial services, Insurance, Mobile
TRIPAFRIQUE
Buy transportation tickets online through Africa
Côte d'Ivoire E-commerce, Transport and logistics
PAPS
African delivery service
Senegal E-commerce, Food and beverage, Transport and logis…
Eyone
To a Connected and Patient Centered Healthcare System
Senegal Healthcare, Internet, Mobile
LAfricaMobile
Reach your customers in Africa
Senegal Internet, Mobile, Telecom
LIFI LED
CONNECTER ET ECLAIRER L'AFRIQUE ,NOTRE DEVOIR
Côte d'Ivoire Clean technology and energy
Exportunity GBC2
Exportunity is a Blockachain-based  African B2B2C trade platform
Mauritius E-commerce, Financial services, Import and export
OniriQ
The first tripleplay digital offer for peri-urban and rural African families : unlimited Lighting + Communication + Entertainment
Senegal Clean technology, Internet-of-things, Solar power
SUDPAY
sudpay, fintech, sector informel, payment, tax collection,
Senegal Financial services, Fintech
CityTaps
Running water in every home
France Water utilities, Water, sanitation and hygiene
AmA
A microfinance bank in your pocket
Senegal Big data, Fintech, Mobile
SmartOne
Data Annotation Services for Artificial Intelligence
Madagascar Big data

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