Applications for the 2024 Renew Capital Venture Lab are currently being accepted.Startups may access a global network of partners and investors, as well as an accomplished investment team based in Africa, through the Renew Venture Lab.
Benefits
- Investment Capital : Renew Capital invests between $50K and $300K in each startup, depending on Renew Capital’s assessment of growth potential.
- Training for Rapid Growth : Growth tools, management tactics, and pitch coaching: a comprehensive business training program to support your startup’s growth.
- Networked Knowledge : Instruction, coaching, and mentorship from Renew Capital staff spread across the African continent. Select companies may receive additional mentorship from successful entrepreneurs in our global investor network.
Eligibility:
- Growth-oriented founders of tech-enabled, asset-light companies in Ethiopia, Uganda, Rwanda, Kenya, Tanzania, Zambia, Sudan and Mozambique. Exceptional startups in other countries may also be considered at the discretion of the Renew Capital team.
- Companies that have traction and that are raising their first rounds of capital.
Program Timeline:
Pre-Lab Training
All who sign up will be invited to learn:
- How Renew Capital and other investment firms operate
- The basic steps of the investment process
- The key documents involved in the investment process
- What happens after you receive an investment
Venture Lab:
- Selected startups will be invited to the Renew Venture Lab – a training series to prepare your company for potential investment.
- The Renew Venture Lab offers a blend of online and live training, featuring coaching sessions delivered by the Renew Capital team.
Investment:
- Renew Capital invests between $50K and $300K in companies that have been selected for investment and passed due diligence.
- Companies may qualify for larger rounds of funding from Renew Capital’s follow-on fund as they continue to scale their business.
Pitching:
- Shortlisted startups in the Renew Venture Lab will be invited to pitch to our investment committee.
