SCALEUP LAB

ABOUT THE PROGRAMME

ScaleUp Lab by FATE Foundation is a unique Accelerator Programme aimed at providing targeted support to early-stage high-potential and growth-driven ventures within the growth sectors of the Nigerian economy namely; Agribusiness, Creatives, Health and Education.


The objectives of the ScaleUp Lab are:
  • Identify early stage high potential startup entrepreneurs within the target growth sectors (Agribusiness, Creatives, Health and Education) and position them for growth.
  • Improve success rate outcomes of high potential high impact startup businesses in the target sectors.
  • Create opportunities for agriculture startups to scale up and impact domestic productivity levels within their respective value chains while also creating jobs and improving livelihoods.

  • ScaleUp Labis a 3-6 month accelerator programme and comprises the following sector tracks:

    In each sector track, the ScaleUp Lab provides targeted learning, mentoring, business model improvement, access to market and funds support to boost the following areas:

    • Refined business model
    • Improved product lines
    • More efficient operating structures
    • Better skilled entrepreneurs and business teams
    • Access to market and market expansion
    • Access to required funding
    • High growth and scale
    • Increased revenues and profit margin
    Each Sector Track will only select 10 fellows per year. Whether in startup or early stage, your business will benefit from the Scaleup Lab Accelerator Programme by having customized support that meets your needs.

    Click Here to Apply for the Agribusiness Accelerator Programme


    AGRIBUSINESS ACCELERATOR PROGRAMME


    The Agribusiness Accelerator Programme is for Nigerian entrepreneurs within the agribusiness space at early stage (2-4 years), looking to scale, expand their market reach and/or attract potential investors. The programme duration is 6 months and includes a one-week acceleration bootcamp, interactive workshops, consulting sessions, business support services, one-on-one and group mentoring sessions with a team of seasoned faculty members.


    Supported by:


    Apply Here


    PROGRAMME FLOW

    • Call for Application
    • Shortlisting & Enrolment of 10 Agribusiness Entrepreneurs
    • Agribusiness Bootcamp
    • Gap Assessment:
      • Product/Service Development and Scale
      • Operational Capacity Improvement
      • Access to Market
      • Access to Finance
    • Develop Growth Plan of Individual Participants
    • Implementation of Accelerator Support in line with Growth Plan
    • Demo Day
    • Graduation of Fellows



    EXPECTED OUTCOMES FOR THE PROGRAMME INCLUDE:

    • Increased capacity to scale and build sustainable Agribusinesses
    • Mentoring support provided by Nigerian entrepreneurs and expert Agribusiness professionals and Institutions
    • Access to target market
    • Increased revenue and profitability potentials
    • Improved people and financial management practices
    • Access to specialised funding opportunities



    ELIGIBILITY CRITERIA

    Applicant must be
    • A Nigerian citizen (male or female)
    • Between ages 21-35 as at July 31st, 2017
    • An entrepreneur operating in the agribusiness sector
    • A CAC registered business in startup – early years stage (Only one participant per business will be accepted)
    • Available to participate full-time in the one-week bootcamp between (Monday, August 7, 2017 - Friday, August 11, 2017) and all other activities required throughout the duration of the programme.
    • Able to cover all personal, transportation or communication costs throughout the duration of the programme.



    APPLICATION

    Application opens on Wednesday, June 21, 2017 and closes on Sunday, July16, 2017. Applications submitted after the deadline will not be accepted.

    Apply Here

    SHORTLISTING

    Completed applications will be evaluated by the Agribusiness Accelerator Programme Review Committee. Only shortlisted applicants will be contacted.Successful applicants in the first round will be invited for interview after which 10 entrepreneurs will be selected to participate in the programme.



    PROGRAMME OVERVIEW

    Start of Programme: The Agribusiness Accelerator Programme will commence in July 2017 with an orientation session and a one-week accelerator bootcamp in Lagos. This will be followed by a one-to-one GAP Analysis to help each entrepreneur develop an individual growth plan and tailored roadmap that addresses the needs of the business.
    Programme Sessions: There will be about 6 meetups every two weeks for capacity building through peer learning and feedback, workshop and coaching sessions, one-to-one mentoring and a follow-up on each company’s progress. Entrepreneurs will have opportunities to meet and interact with several entities including partners, mentors, investors, and experienced entrepreneurs. Finally, a demo-day will be held after the meetups for business showcase and pitching to potential funding partners.
    End of Programme: The programme will close out with presentation of certificates at the FATE Annual Celebration in December 2017.

    Apply Here

    FREQUENTLY ASKED QUESTIONS

    1When can I apply?
    Applications will be open from June 21 till July 16, 2017 at 11:59pm WAT. Applications submitted after the deadline will not be accepted.
    2Who is eligible to apply?
    • A Nigerian citizen (male or female)
    • Between ages 21-35 as at July 31st, 2017
    • An entrepreneur operating in the agribusiness sector
    • A CAC registered business in startup – early years stage (Only one participant per business will be accepted)
    • Available to participate full-time in the one-week bootcamp between (Monday, August 7, 2017 - Friday, August 11, 2017) and all other activities required throughout the duration of the programme.
    • Able to cover all personal, transportation or communication costs throughout the duration of the programme.
    3Can I apply even if my business is not based in Lagos?
    Yes you can, your business does not have to be based in Lagos but you will be required to make your own personal arrangement as all programme sessions will be holding in Lagos and you are required to physically participate all through the programme.
    4Are Foundations, nonprofits or NGOs eligible?
    The programme supports only for-profit and social-enterprise agribusinesses.
    5Is there a fee to participate?
    There is no fee to apply or participate in the Agribusiness Accelerator Programme. However participants are to cover all personal, transportation or accommodation costs
    6If I have two businesses can I apply with both?
    Only one application per person will be accepted, so please submit your stronger business.
    7Can I apply if my business is not within the agribusiness sector?
    Only businesses in the Agribusiness value chain (Input supply, crop/animal production, processing, packaging, logistics & distribution, trading & retailing, etc.) are eligible to apply.
    8Can I apply even if my business is not registered?
    Unfortunately, we will only consider registered businesses and we will request for a copy of your CAC certificate if shortlisted.
    9If I became 36 years old in May 2017, am I eligible?
    No, only those who are still 35 years old on July 31, 2017, are eligible to apply.
    10Is my company eligible if I founded it with someone else?
    Yes, your company is eligible but only one participant per business will be accepted into the programme.
    11How do I know that my application has been received?
    Only successful applicants will be shortlisted and contacted via email.
    12What do I need for my application?
    • Complete the online form
    • Be prepared and available for your interview session (physically if based in Lagos or via video call if based outside Lagos)
    • You will be required to submit supporting documents if shortlisted.
    13Can I make changes in my application after I have submitted it or can I do a fresh application instead?
    No, once you have submitted it is final and you will not be able edit the application. Also, multiple entries will be disqualified. So we encourage you to verify your application carefully before submitting.
    14How will I know if my application is accepted for participation in the programme?
    If your application is successful, you will be notified via email latest by Friday, July 21, 2017.
    15Will applicants receive personal feedback about their application?
    Unfortunately, we will not be able to provide personalised feedback on your application.
    16Where should I send my questions?
    If you have any questions that were not included in this section, please email scaleuplab@fatefoundation.org with the subject line “Agribusiness Accelerator Question”.

    Apply Here

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