Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has announced the launch of the ScaleUp Program, its inaugural cohort-based initiative for high-growth founders in East Africa.
The program aims to identify ten high-potential ventures and provide them with the necessary resources and network to accelerate their growth trajectory.
Over the course of 28 months, selected entrepreneurs will gain access to the Endeavor ScaleUp methodology, which encompasses expert mentorship, immersive business development training, fundraising support, and a strong peer network of seasoned entrepreneurs.
This comprehensive approach is designed to empower founders to overcome the challenges and seize the opportunities that come with scaling their businesses.
“Scaling high-growth companies is crucial for fostering a vibrant and thriving entrepreneurial ecosystem in East Africa,” stated Maryanne Ochola, Managing Director of Endeavor Kenya.
“The Endeavor ScaleUp Program is a catalyst for ambitious local founders to leverage our global expertise and curated services to propel their businesses to new heights.”
To be eligible for the first cohort, early-stage businesses must be headquartered in East Africa, operate with a tech or tech-enabled business model, and have a demonstrable track record of success.
Applicants must also have achieved a minimum of $500,000 in annual recurring revenue, demonstrate year-on-year growth of at least 50%, and be actively contributing to job creation or providing responsible financial services at scale.
The Endeavor ScaleUp Program is a testament to Endeavor Kenya’s unwavering commitment to fostering a thriving entrepreneurial landscape in East Africa.
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