An Accelerator – Wakambi Rocket
MVP with Defined Customers, Channel Development, Screening opportunities
This is the accelerator department of the ecosystem. This is an acceleration residency provided to startups for a period of 90 days. During this period the MVPs undergo concept validation and customer development to scale to a valuation of atleast US$10MM. During this period in the startup lifecycle is when startups have defined customers. And now having a solid recognizable product with growing traction and a user base of atleast 1000 customers for whom we are solving real life problems successfully.
Wakambi Rocket is powered by the SPV’s Launch Pad and African Angels.
Residency Composition
- 12 Startup Week Startups
- 12 Ground Zero Startups
- 12 Corporate Venture Startups
- 12 Random Resident Startups
- 12 International Expansion Startups
- 60 Startups Admitted Quarterly
Take off:
- Duration: Ninety day tenancy
- Demo Day: Wakambi Panel, early stage investors, venture capitalists and corporate venture partners
- Target to grow beyond 1 000 repeat paying users in 90 days time.
- Graduates to Incubator at a valuation of $10MM
- Target Valuation to Achieve: min $1MM
- Seed Capital Allocation: minimum $30 000
- Startup Ecosystem Quarterly Budget of $2MM