ARM LABS INNOVATION PROGRAMME 2024 FOR EARLY-STAGE ENTREPRENEURS ($50,000 IN FUNDING)
Application Deadline: May 24th 2024
Applications are now open for the 2024 ARM Labs Innovation Programme. ALIP is a pre-accelerator program designed to support early-stage startups and aspiring tech founders. It provides guidance, resources and mentorship to refine business ideas, develop products or services and prepare participants for further acceleration and investment readiness.
OVERVIEW
ARM Labs Innovation Program (ALIP) 2024 is an 8-week intensive accelerator program designed to support Nigerian startups at the pre-seed stage. The program focuses on enhancing product development, market strategies, and team dynamics to ensure startups are prepared for success. ALIP offers access to the ARM network, exclusive deals from partner organizations, and mentorship from fintech industry experts.
ELIGIBILITY CRITERIA
- Startups at the pre-seed stage are eligible (must have received/raised less than $500,000 prior to applying).
- Demonstrated market demand for the product or services provided, including a specified number of active customers or a demonstrated growth rate.
- Full-time, committed founding team willing to participate in the program.
- Evidence of market validation including user traction, customer feedback, and initial revenue streams.
- Hybrid communication: Virtual or in-person sessions, depending on the program session.
- Startups must accept investment terms before entering ALIP.
- Legal registered entity in Nigeria.
BENEFITS
- Strategic Investment
- Startups meeting all program requirements can receive up to $50,000 investment from ARM in exchange for 6% equity.
- Mentorship
- Engage with experienced mentors and industry experts throughout the program.
- Tailored Curriculum
- ALIP’s curriculum covers critical aspects of business development, including the POEM framework (Proposition, Organization, Economics & Milestones).
- Market Access and Networking
- Connect with a wide array of industry players, potential partners, and investors.
- Investor Readiness
- ALIP prepares startups for further funding rounds.
- Visibility and Branding
- Showcase your startup to a wider audience through ALIP’s platform.
TIMELINE
- Call For Application: Monday, April 29th, 2024
- Applications Close: Friday, May 10th, 2024
- Final Call for Application: Monday, May 20th, 2024
- ARM Office Visit Hours: Monday, May 20th, 2024 – Wednesday, May 22nd, 2024
- Application Close: Wednesday, May 22nd, 2024
- Candidate Screening Starts: June 3rd- June 17th
- Final Offer Sent: Friday, June 21st, 2024
- Program Resumption: Monday, July 22nd, 2024
For More Information:
Visit the Official Webpage of the ARM Labs Innovation Programme
