Africa House startup accelerator to invest $ 1 million in African entrepreneurs in the United States
The startup accelerator of the entrepreneur Olakunle Soriyan Africa House, which is the result of a partnership between Capital Group and Eshirya Africa, invest a million dollars in total to propel emerging startups.
Support from the accelerator will not be limited to funding, but will also include technical and commercial assistance, as well as in-kind benefits that enable startups to achieve entrepreneurial success.
The partnership will provide investors with an easy way to connect with entrepreneurs and innovators of African descent. With this support, Africa House aims to realize business ambitions and help founders of African descent to, “Play their role in the global conservation of the Africa of their dreams”.
The efforts will be led by the office in Plano, Texas, which Kunle Africa House CEO and Director Kunle Soriyan referred to earlier this year, saying:
“The [location] in Dallas is like the real engine. The goal is to have this whole room filled with entrepreneurs. We believe in supporting our entrepreneurs to the end, we want to stay with our entrepreneurs for at least 15 years. We can adapt to your failures, we can adapt to your mistakes, and we can also celebrate your victories. “
While the entity’s efforts primarily target entrepreneurs of African descent, other demographics may be eligible candidates as long as they are minority groups. This is the result of the accelerator “trying to reach vulnerable and exposed people in society,” according to Soriyan.
Since the launch of Operation Dallas, more than 350 applications have been received by Africa House. From this pool, 100 candidates were selected to participate in a pitch competition in which 32 teams were ultimately selected, with 6 agreements made with investors during the competition.
At present, the startup accelerator is present in the African cities of Nairobi, Kenya; Lagos, Nigeria; Accra, Ghana; and Johannesburg, South Africa, as well as in the US cities of Plano, Dallas; and San Francisco, California.