Empowering Early-Stage Startups for Sustainable Growth
The Nelisa Startup Fund (NSF) is a dedicated initiative designed to empower early-stage startups in Africa by providing essential financial support, mentorship, and resources. Our mission is to foster innovation, promote entrepreneurship, and drive economic growth, ultimately enabling startups to become self-reliant and sustainable.
• Support Innovation: We foster groundbreaking ideas and solutions that address significant challenges and seize emerging opportunities.
• Promote Entrepreneurship: Our fund encourages and supports the entrepreneurial spirit, equipping founders with the skills and resources needed for success.
• Drive Economic Growth: By backing startups with high growth potential, we contribute to the broader economic development of the region.
• Achieve Self-Reliance: We aim to guide startups toward sustainability, ensuring they can thrive independently after our exit.
To be considered for NSF funding, startups must meet the following criteria:
1. Stage: Must be an early-stage startup with a working prototype or minimum viable product (MVP).
2. Sector: Open to innovative solutions across various sectors with significant growth potential.
3. Geography: Primarily focused on startups operating within Africa.
4. Team: A committed and capable founding team is essential.
5. Business Model: Must demonstrate a clear, scalable, and sustainable business model.
The NSF follows a structured investment process to ensure fairness and transparency:
1. Application Submission: Startups submit an online application detailing your business, team, market opportunity, and funding needs. Include a business plan, pitch deck, financial projections, and other relevant documents.
2. Initial Screening: Applications are evaluated based on eligibility criteria and initial potential.
3. Due Diligence: Shortlisted startups undergo a thorough assessment covering financials, legal compliance, market potential, and team capabilities.
4. Investment Committee Review: The Investment Committee evaluates and approves promising startups, considering innovation, market size, scalability, and team expertise.
5. Term Sheet & Agreement: A term sheet is drafted, outlining the investment terms and conditions. Upon agreement, both parties sign the investment agreement.
6. Disbursement of Funds: Funds are disbursed according to the agreed schedule and milestones.
7. Post-Investment Support: Startups receive ongoing mentorship, resources, and support to achieve their milestones and objectives.
NSF is governed by an experienced Investment Committee and an Advisory Board, comprising professionals from diverse backgrounds. We prioritize compliance and risk management to ensure adherence to legal, regulatory, and ethical standards.
To maintain transparency and accountability, funded startups are required to submit regular progress reports, detailing key metrics, milestones, and challenges. Financial reporting is also mandatory, ensuring accurate and up-to-date records.
NSF is committed to making a significant impact on the community, economy, and environment through strategic investments in promising startups across Africa. Join us in creating a future where innovation and entrepreneurship drive sustainable growth and prosperity.
Here is what we have accomplished so far.
Impacted Youth
Supported Projects
Countries
