Startup Accelerator for South Africa: mLab BuildUp 2021

Startup Accelerator for South Africa: mLab BuildUp 2021

mLab Startup Accelerator for South Africa is an initiative that aims to offer start-ups based in Gauteng, Limpopo, and the Northern Cape with a range of support mechanisms which include mentorship, business clinics, and grant seed funding for a period of 6 months. It leverages on the tech talent nurtured within mLab’s CodeTribe Academy whilst providing growth opportunities through other Enterprise Development initiatives that mLab offers in partnership with other stakeholders.

Criteria

The following criteria will apply when shortlisting applications.

  • CIPC registered business;
  • Business vintage should be below 5 years;
  • Business should be able to demonstrate market validation or market research of business concept and/or business viability;
  • Business that are able to demonstrate turnover below R1 million per annum (pre-VAT);
  • Preference will be given to business between B-BBEE level 1 and level 4;
  • Preference will be given to businesses with female directorship or shareholding;
  • Preference will be given to businesses with youth directorship or shareholding;
  • Businesses are recommended to have more than one team member in order to ensure business continuity and dynamism.

Please note that due to the demand for the program they will only be communicating with shortlisted applicants on the next steps and they will be notified via email. Kindly consider your application unsuccessful if you don’t receive communication from them by 1 December 2021.

They invite unsuccessful applicants to re-apply again when a new call has been advertised.

Application Deadline: 4 October 2021

To apply visit here

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