The ARM Innovation Program focus on early-stage startups that are post-MVP and operating within the FinTech, Digital Trade, Data Intelligence and PensionTech space in Nigeria;
These startups should have a well-rounded, complementary team for product vision (what to build), technology (how to build it), and business (how to make money from it) and should be solving an important problem for a highly engaged set of customers.
The Selection Criteria
Applications will be reviewed on an ongoing basis. At the end of the application process, the selection will happen in 3 stages
STAGE 1: Screen applications and shortlist the Top 30 most innovative value propositions
STAGE 2: Review the Top 30 startups and shortlist Top 15 startups using Product Validation and High-level Due Diligence Check
STAGE 3: The last stage of the screening process entails conducting individual interviews with the top 15 startups in a rotational manner. Each startup is evaluated independently using an e-scoring tool. The program will select the top 5 startups with the highest scores for admission
Benefits of the Program
Access To Funding
Direct equity funding for the selected startups worth $50,000 each in equity
Accepted startups enjoy hands-on mentorship from leaders in the FinTech sector.
Provision of Office workspace for the selected startups (workspace can sit up to 5 people per startup)
Access To Investors
Startups will get introduced to a network of investors at the end of the program for possible follow-on investments.
Access To The Program’s Alumni Network
Startups get to meet previous cohort founders and learn from their experience firsthand.
Deadline for applications is 15 June 2023
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