People are always looking for offers to improve their lifestyle and it is something relaxing to find what you are looking for with ease. This is the same as finding helping hands to help lift your business and improve your financial status.
The Ygap South Africa Accelerator Program is on a mission to help ventures and business owners refine and validate their businesses’ growth, improve their financial sustainability, and have a positive impact on the community they are in.
Businesses who are registered and approved with the Ygap South Africa Accelerator Program stand a chance to enjoy benefits such as expansion in their ability to increase income, create employment opportunities, secure future investment, and help your community at large.
Before we talk further about the program we would talk about what the program is all about.
What is Ygap South Africa Accelerator Program about?
Ygap is a program that believes that business is a powerful lever for change in the world. That’s why the Accelerator Program was designed to support locally-led, early-stage ventures or businesses focused on creating a positive impact in their communities.
The Ygap Accelerator Program helps these ventures to refine and validate their business growth, improve financial sustainability, and build on their ability to create change in their communities.
Benefits of the Ygap program
Candidates of this program will be able to expand their network by joining a cohort of like-minded entrepreneurs and will receive technical support and advice from a team of local experts that is tailored to the specific needs of their venture.
The program is committed to supporting the growth of locally-led impact ventures who have shown the drive, talent, and conviction to create change in their own communities.
Ventures selected for the Ygap South Africa Accelerator Program will graduate with:
- A proven and validated Theory of Change
- Proven growth traction demonstrated through data across key metrics
- Detailed financial statements including income statements and cash flow statements
- A validated business model that verifies the desirability, feasibility, and viability of the business
- Proof of product-market fit with a clear value proposition for key customer segments
- A reasonable and viable 12-month growth plan with a clear plan of action, quarterly milestones, and projections
Ventures who complete the Ygap South Africa Accelerator Program should expect to see an increase in revenue, more employment opportunities, and value to their community.
Requirements of the Ygap Africa Accelerator Program
Before you apply for your venture as a candidate of the program, your venture must meet the following requirements:
Ventures that have already launched and are currently operational. In most cases, participating ventures must be formally registered and proof of this status will be required (unless this is not applicable to where your business runs).
Ventures that are post-revenue and able to provide evidence of commercial transactions.
Ventures that clearly recognize and desire the benefits and value of participating in the ygap program. Ygap invests deeply in the ventures we support, and expect the same level of dedication and investment in participating in the ygap program.
Ventures that have a unique element to their business. It could be a unique product or service offering, a unique production method, or a unique business model.
Ventures that have a social or environmental focus. Through the operation of the business, ventures must be working toward making their community, their city, or their country a better place.
Ventures that are “local” to the issue they’re solving, intimately connected to their community, passionate and committed, and it for the long haul.
How to apply for the Ygap South Africa Accelerator Program
To apply for the program, start by following the steps below:
- Open the application portal here
- Scroll below to the green Apply Now button and click
- Fill the pop-up form with the accurate info
- Click Submit button after done
Program Application Deadline
The program deadline is 31 May 2022
You will be notified of the status of your application by 30 June 2022.
Ygap South Africa Accelerator Program Training
This section applies to applicants that are approved for the program to enjoy its benefits, the below are the list of benefits approved ventures will enjoy:
The ventures we select begin by attending a live-in capacity building Bootcamp where their business models are strengthened, they meet a cohort of like-minded entrepreneurs, and they are equipped with the tools they need to grow.
After the Bootcamp and after conducting a needs assessment, our team of local experts provide ongoing accountability and business development sessions, strategic and operations coaching, masterclasses and webinars, access to catalytic grants, on-site business development sessions, and brokered linkages to mentors, customers, advisors, and other players within the entrepreneurial ecosystem.