Through its various programs and initiatives Drive Africa provides Africa’s innovators and entrepreneurs with services and connections designed to enable them to build companies which are going to become regional and pan African players. Drive Africa creates ecosystems which crowd in capital, advisory resources, technical assistance, access to market opportunities, and opportunities to forge connections with corporates and other partners.
Drive Africa provides support in a variety of areas including:
We work with pioneering African companies which meet the following criteria:
Commercial and Development impact: potential for sustained commercial viability and development impact.
Strong Teams: company teams must be multi-disciplinary and diverse in terms of technical background, industry, and education. Two to four founders or management level team members are required to be available to work in the accelerator program.
Growth Mindset: companies and teams must demonstrate ambition for growth.
Clear Value Proposition: businesses must have a clear value proposition and innovative solution.
Addressable Markets: companies will have an innovative business model targeting large addressable markets.
Triple Bottom Line Approach: the companies will have a triple bottom line approach with which they will seek to impact people, profits, and environment.
Inclusive Businesses: the accelerator will also focus on businesses which provide services and products targeted at BoP consumers, producers, and employees, integrating them as part of the value chain as suppliers, distributors, retailers or customers. Additionally, the accelerator will also seek to work with companies with an intent to contribute to the attainment of the SDGs.
Validation to Growth Path: companies will have a demonstrated product-market fit with a clear path towards commercialization. Companies could also be piloting a technology in the market with its product having gone beyond ideation, is ready to scale, or expand to new market.