GreenHouse Capital 2018 Female-Focused Tech Accelerator Program in Nigeria ($100k USD minimum investment opportunity)

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Venture Garden Group and GreenHouse Capital Open 2018 Application for the First Female-Focused Tech Accelerator Program in Nigeria

GreenHouse Lab now accepting applications for 2018 Cohort Batch

2017 was a record-breaking year for African start-ups. According to research from Disrupt Africa, $195.1 million in venture capital funding was invested in African start-ups compared to $129.1 million in 2016 – an increase of 51%. With $63.3 million in startup investments in 2017, Nigeria was the top investment destination in Africa followed by South Africa and Kenya. As Nigeria continues to emerge as a technology hub, one thing is clear – women are missing on the playing field.

Of the 25% of women in tech, only 21% are tech executives and of these, only 11% are African technology officers. Currently, more than half of global executives report a shortfall of tech workers which slows or prevents businesses from growing. As Nigeria moves full-speed ahead towards a technology driven future, a capable and well-represented tech workforce will be critical to ensure continued economic growth across all sectors and industries.  In addition to being under-represented in the tech space, women are also severely under-funded. In 2017, women led start-ups received just 2.2% of all available venture capital dollars although women-led start-ups have been found to produce over 30% higher return on equity.

The first of its kind in Nigeria, GreenHouse Lab is a three-month accelerator focused solely on early-stage, women-led technology start-ups in sub-Saharan Africa, as well as African run start-ups domiciled in the US or UK with products that are scalable in African markets. The application portal for the 2018 cohort opens on July 2, 2018 at and closes on July 20.

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