OceanHub Africa is launching the third cohort of its eight-month acceleration program to support up to ten of Africa’s most promising impact for-profit startups focused on preserving and restoring the health of the ocean.
The accelerator is on a mission to support ocean-minded start-ups with the express aim of nurturing an environmentally conscious and profitable economy that effectively mitigates the effects of global warming as well as the overexploitation and pollution of the oceans. Leveraging its highly qualified network of stakeholders and facilitators, it will deliver to the accelerated start-ups an online program that seeks out sustainable pathways yielding stable profits (ROIs) and avenues for scalable growth throughout Africa.
What you can expect:
- Unlock a network of leading ocean experts, mentors (entrepreneurs, investors, innovation experts, impact experts, scientists, lawyers, etc.), impact investors and potential clients.
- Get support to fast-track your growth by acquiring new customers or running your first Proof of Concept, and scaling your business through commercial contracts and fundraises.
- Engage with like-minded entrepreneurs within the Blue Economy space.
Eligibility for OceanHub Africa:
- Your start-up is ocean-minded: it has a direct or indirect positive impact on the oceans (addressing climate change, pollution or overexploitation of the ocean)
- You are a for-profit and operate in Africa
- You have a scalable service or product available on the market or soon to be available on the market
- Your product or service is clearly innovative and/or your business model is disruptive
- You are looking for investments or new markets
Selection criteria for OceanHub Africa:
Impact and Vision:
- How much is environmental and/or social impact embedded into your culture and/or part of your long term goals
- How impactful is your business with respect to ocean pollution, overexploitation, and/or tackling global warming and its effect on oceans
- Product-market fit and market potential
- Innovative approach
- Current traction and/or growth strategy
- IP owned
- Business built on reliable technology(-ies) including both software and hardware
- Adaptability and scalability
- Team size
- Relevance of distribution of responsibilities, priorities
- Ambition and passion
- 4 April – 22 May: Application period
- 23-27 May: Screening of the applications
- 27 May: Announcement of short-listed start-ups
- 31 May – 7 June: Pitch training
- 15 June: Pitching session in front of the final selection committee
- 20 June: Final selection and announcement to Selection Committee.
- 13 July: Public Announcement of start-ups selected
- 18 July: OceanHub Africa acceleration Program starts for 8 months
- 7-13 August: In-person Bootcamp in Cape Town
For more information: visit Website