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Africa now has a $2 trillion economy, with a third of the continent’s countries growing at 6% or more. It has 60% of the world’s arable land and we will soon have the world’s largest workforce and the youngest continent with 75% of population under 25 years.
Earlier in 2014, GEM published its annual report looking at the state of entrepreneurship globally. It found that sub-Saharan Africa is the region with by far the highest number of people involved in early-stage entrepreneurial activity with Zambia and Nigeria leading the world rankings. In light of these great strides of Africa in entrepreneurship many accelerators have being established to catalyze the growth of entrepreneurship in Africa.
The AfricaTwenty10 Accelerator is looking to solve the problem of the growth of very few truly large African companies (e.g. Seven Seas, Mara Group, Naspers) due to the fragmented and small market size in the different countries. This affects the continents ability to create strong companies and ecosystems.
Africa Twenty10 is an accelerator which will provide a three (3) month intensive program for startups to enable them launch in multiple markets to access bigger market sizes. We aim to balance the companies that we accept to include a fair balance of female led startups, social enterprises along with other profitable and impactful startups.
The Program is supported by Microsoft 4 Afrika Initiative, Appfrica Venture Capital Fund, Expand HR Services and innovation spaces across Africa including iSpace in Ghana. Application opened on 31st October 30 and Closes December 10th , 2014 .Please visit www.AfricaTwenty10.com to apply.
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