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Pangea Launches Its Scale-up Program 2021

Pangea Accelerator has launched its scale-up program 2021 to fund scaling startups in East Africa

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Pangea Launches Its Scale-up Program 2021
Sandeep Khapre CEO of BDO East Africa with Jonas Tesfu CEO, Pangea Acclerator deliberating during a past event

Pangea‌ ‌Accelerator‌ has officially opened its ‌scale-up‌ ‌program‌, 2021 ‌to‌ ‌support‌ ‌start-ups‌ ‌and‌ ‌grow‌ ‌them‌ ‌from‌ ‌seed‌ ‌to‌ ‌series‌ ‌A.‌ ‌Out‌ ‌of‌ ‌the‌ ‌local‌ ‌start-ups‌ ‌that‌ ‌have‌ ‌raised‌ ‌more‌ ‌than‌ ‌USD 1‌ ‌million,‌ ‌only‌ ‌6 percent ‌have‌ ‌local‌ ‌founders‌ ‌while‌ ‌the‌ ‌rest‌ ‌are‌ ‌founded‌ ‌by‌ ‌expatriates.‌ ‌Pangea‌ ‌Accelerator‌ ‌is‌ ‌looking‌ ‌to‌ change‌ ‌this‌ ‌to‌ ‌enable‌ ‌more‌ ‌African‌ ‌entrepreneurs‌ ‌to‌ ‌gain‌ ‌access‌ ‌to‌ ‌the‌ ‌capital‌ ‌they‌ ‌need‌ ‌to‌ ‌accelerate‌ ‌their‌ ‌enterprises.‌

One‌ ‌challenge‌ ‌that‌ ‌most‌ ‌start-ups‌ ‌face‌ ‌is‌ ‌finding‌ ‌investors‌ ‌to‌ ‌fund‌ ‌their‌ ‌businesses‌ ‌which‌ ‌is‌ ‌a‌ ‌difficult‌ ‌and‌ ‌time-consuming‌ ‌task‌ ‌that‌ ‌may‌ ‌impede‌ ‌other‌ ‌activities‌ ‌of‌ ‌the‌ ‌start-up.‌ ‌That‌ ‌is‌ ‌where‌ ‌Pangea‌ ‌Accelerator‌ ‌steps‌ ‌in.‌ ‌We‌ ‌help‌ ‌bridge‌ ‌the‌ ‌gap‌ ‌between‌ ‌entrepreneurs‌ ‌and‌ ‌investors,‌ ‌and‌ ‌we‌ ‌provide‌ ‌them‌ ‌with‌ ‌the‌ ‌skills‌ ‌they‌ ‌need‌ ‌to‌ ‌take‌ ‌their‌ ‌start-ups‌ ‌to‌ ‌the‌ ‌next‌ ‌level.‌

There‌ ‌are‌ ‌plenty‌ ‌of‌ ‌great‌ ‌benefits‌ ‌of‌ ‌joining‌ ‌the‌ ‌program.‌ ‌The‌ ‌chosen‌ ‌start-ups‌ ‌will‌ ‌receive‌ ‌access‌ ‌to‌ ‌private‌ ‌funding‌ ‌between‌ ‌USD 0.5‌ ‌-‌ ‌3‌ ‌million.‌ ‌In‌ ‌addition‌ ‌to‌ ‌that,‌ ‌they‌ ‌will‌ ‌receive‌ ‌tailored‌ ‌coaching‌ ‌sessions‌ ‌to‌ ‌suit‌ ‌their‌ ‌specific‌ ‌business‌ ‌requirements‌ ‌and‌ ‌optimal‌ ‌matching‌ ‌of‌ ‌investors‌ ‌to‌ ‌fund‌ ‌their‌ ‌businesses.‌ ‌The‌ ‌icing‌ ‌on‌ ‌the‌ ‌cake‌ ‌is‌ ‌that‌ ‌the‌ ‌start-ups‌ ‌get‌ ‌to‌ ‌tap‌ ‌into‌ ‌the‌ ‌vast‌ networks‌ ‌that‌ ‌Pangea‌ ‌Accelerator‌ ‌has.‌

The‌ ‌scale-up‌ ‌program‌ ‌will‌ ‌be‌ ‌18‌ ‌months‌ ‌long‌ ‌to‌ ‌ensure‌ ‌that‌ ‌the‌ ‌selected‌ ‌start-ups‌ ‌will‌ ‌have‌ ‌all‌ ‌the‌ ‌support‌ ‌they‌ ‌need.‌ ‌The‌ ‌start-ups‌ ‌will‌ ‌receive‌ ‌coaching‌ ‌relevant‌ ‌to‌ ‌the‌ ‌needs‌ ‌of‌ ‌their‌ ‌businesses‌ ‌and‌ ‌will‌ ‌receive‌ ‌funding‌ ‌from‌ ‌different‌ ‌investors.‌ ‌The‌ ‌program‌ ‌also‌ ‌focuses‌ ‌on‌ ‌building‌ ‌long-term ‌relationships‌ ‌that‌ ‌will‌ ‌extend‌ ‌beyond‌ ‌the‌ ‌18-month‌ ‌duration.‌ ‌

“Our‌ ‌program’s‌ ‌design‌ ‌has‌ ‌been‌ ‌tailored‌ ‌to‌ ‌fit‌ ‌the‌ ‌needs‌ ‌of‌ ‌local‌ ‌enterprises‌ ‌based‌ ‌on‌ ‌feedback‌ ‌we‌ ‌received‌ ‌from‌ ‌different‌ ‌start-ups‌ ‌in‌ ‌East‌ ‌Africa”‌-‌ ‌Jonas‌ ‌Tesfu,‌ ‌CEO‌ ‌and‌ ‌Cofounder‌ ‌of‌ ‌Pangea‌ ‌Accelerator.‌ ‌

The‌ ‌good‌ ‌news‌ ‌for‌ ‌start-ups‌ ‌is‌ ‌that‌ ‌the‌ ‌program‌ ‌is‌ ‌sector-agnostic‌ ‌and‌ ‌looking‌ ‌for‌ ‌the‌ ‌best‌ ‌start-ups‌ ‌in‌ ‌different‌ ‌sectors‌ ‌of‌ ‌the‌ ‌economy.‌ ‌If‌ ‌you‌ ‌are‌ ‌a‌ ‌driven‌ ‌entrepreneur‌ ‌looking‌ ‌for‌ ‌an‌ ‌opportunity‌ ‌to‌ ‌take‌ ‌your‌ ‌business‌ ‌to‌ ‌the‌ ‌next‌ ‌level,‌ ‌‌click‌ ‌here‌ ‌to‌ ‌apply‌ ‌for‌ ‌the‌ ‌program.

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