Endeavor launches scale-up program for founders in Kenya
Endeavor Kenya, a non-profit organization dedicated to supporting impactful entrepreneurs, has introduced its inaugural ScaleUp Program, designed for high-growth founders. This initiative aims to identify and assist ten high-growth ventures in East Africa, providing them with a network and resources to gain clarity on their scaling journey.
The selected entrepreneurs will benefit from the Endeavor ScaleUp methodology over a 28-month period, involving expert mentors, immersive business development training, fundraising support, and a robust peer network of accomplished entrepreneurs who have successfully built and managed businesses.
Managing Director of Endeavor Kenya, Maryanne Ochola, emphasized the program's significance in scaling high-growth companies within the ecosystem. She highlighted the Endeavor ScaleUp program as an exceptional opportunity for ambitious local founders to leverage global expertise and curated services, accelerating their path to scale.
Points clés à retenir
One of the defining trends of Africa’s venture capital landscape in 2022, per a Briter Bridges report, was a notable growth in the early-stage support framework available to startups on the continent, involving angel networks, seed funds, and accelerator programs. Accelerators, incubators, and pitch competitions provide crucial access to capital and mentorship to startups, and the benefits of this in the African startup landscape—which is playing catchup to ecosystems in advanced economies—can’t be overstated, especially in times of economic uncertainty.