Welcome to

We've created a new model for building and funding SA's technology startups

How we do ACCELERATION

In partnership with the SA SME Fund

We build rather than just support startups. We work alongside companies to write code, make sales calls and close commercial contracts. As a venture-builder that’s been in the business for more than four years, we know what founders need to build and scale their businesses. We’ve taken all our learnings and knowledge and packaged it into a 20-week programme. We aim to get companies investment-ready and funded within five months of starting our programme. 

Philani Sangweni, CEO Akro Accelerate
BCom (Accounting); Executive MBA (INSEAD)

Akro works at a grassroots level to find and support SA’s best early stage technology startups - we're looking forward to help scale their efforts with the launch of their accelerator programme

Ketso Gordhan, CEO SA SME Fund

We’re really excited to work with the SA SME Fund. This is a great opportunity for entrepreneurs to build and scale their businesses while also expanding their investor and advisor networks

Philani Sangweni, CEO Akro Accelerate

A TWO PHASE APPROACH

The Core Phase is an intense 8-week period of rapid building, workshopping and scaling at Akro HQ in Cape Town. This is followed by the Extended Phase, a 12-week period of continued mentorship combined with focussed and dedicated fundraising efforts.  

 

KEY DATES

15 May: Applications close
10 June to 31 July: Core Phase 
1 August: Demo day 
2 August to late October: Extended Phase
5 August: Applications for Cohort 2 

HOW WE DO INVESTMENT

We provide startups with access to capital from the SA SME Fund, to be deployed through their partner funds, as well as access to Akro’s angel investor network. Investment discussions take place after the Core Phase.

We are not concerned with:

Revenue: Most accelerators and incubators claim that revenue is not critically important, but in reality try to find the most-developed startups they can to join their programs.

We are truly not interested in whether the startups have revenue or not.

Market-ready products: Most accelerators and incubators look for startups with the most market-ready products already in use with their market. 

We are not interested in how beautiful the products are, and much more so with whether the Founders bothered to work on building a product at all.

We are deeply concerned with:

Founders who are brilliant in every way, who show evidence of smarts, focus, intensity, drive, passion and character.

Founders who show unparalleled work ethic, who have the ability to work many more hours than their peers and be happy doing so.

Founders who show clear signs of true growth ambition, who are not looking to build lifestyle businesses or simply make themselves some money.

Business ideas that make sense as businesses and not simply as projects.

Business ideas that have been actioned in some respect. While we are not sticky about products that are market-ready, we need to see an indication of both ability to build things, and initiative to build things. So we look for startups that have taken the actions necessary to build a product, even if it is not beautifully presented.

 

Startups Get

288 hours of dedicated time and active business-building with our experts and advisors, including time with software architects, designers and other product-builders.

60 hours of post-programme mentorship with our advisors.

R175,000 in legal and financial services, including ±R75,000 worth of contracts and other legal documentation offered as part of the package, and Facetime with our partner accounting firm, Iridium.

R100,000 in digital infrastructure services.

Access to our co-working spaces in CPT.

Access to potential partner and client networks, valuable startup-specific resources, and investors.

Events, excursions and other activities.

APPLICATION

We’d love to hear from you. Please submit your application using the following link. The application deadline is 15 May 2019.