FCMB HERCCELERATE Enterpreneurship Program 2024: Empowering Nigerians

By Scholars WorldSeptember 27, 2024Updated:September 27, 2024

FCMB HERCCELERATE Entrepreneurship Program: Equity-Free Funding, Knowledge & Resources, and Access to Potential Investors

First City Monument Bank is hosting the maiden edition of the HERCCELERATE Program for Nigerian entrepreneurs.

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The program provides a sum of N1.5 million grant to support high-potential women-led technology startups in Nigeria for investments and rapid growth.

In this post, the full details of the eligibility, benefits, timeline, and application procedure will be provided.

FCMB HERCCELERATE Enterpreneurship Program Abstract

Host: FCMB
Location: Nigeria
Category: Trainings
Benefits:
- N1.5m Grant
- Training
- Mentorship
Eligibility: Nigeria
Deadline: October 6, 2024

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FCMB HERCCELERATE Enterpreneurship Program Details

The FCMB HERCCELERATE Program is one of the initiative of the organization’s SheVentures program.

SheVentures, FCMB’s women-focused business division, and FCMB’s innovation hub, Hub One, presents HERCCELERATE. This accelerator program is designed to position early-stage, high-potential women-led technology startups in Nigeria for investments and rapid growth.

HERCCELERATE aims to provide selected female founders with coaching, grant funding, technological tools and access to potential investors.

Up to 40 women-led tech startups will be selected to participate in this inaugural edition of HERCCELERATE. Over the next five years, our goal is to empower up to 200 women-led tech startups.

FCMB HERCCELERATE Enterpreneurship Program Benefits

Key Benefits

Total grant funding of 1.5 million naira
Tailored expert-led training.
Access to tech tools and services at discounted rates e.g. Zoho One, Branddrive, etc.
Access to potential investors
Follow-on support

Other benefits

Access to Sheventures’ single-digit and zero-interest loans. Learn more.
Access to Sheventures programs and networks.
Access to FCMB’s Open Banking infrastructure (APIs, etc)
Potential strategic partnership with FCMB
Access to Hub One’s coworking infrastructure, community and network of partners. Learn more.

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FCMB HERCCELERATE Program 2024 Requirements

To be eligible for the FCMB HERCCELERATE Program, applicants must satisfy the following conditions:

Be a Nigerian
Be a female business owner
Run a high-potential women-led technology startup in Nigeria
Be determined and passionate about growth of your enterprise

Program timeline

Calls for applications: September 6th – October 6th
Assessment and selection of participants for the accelerator: October 6th – October 11th
Acceleration program: October 14th – November 15th (5 weeks)
Demo Day: November 29th/30th