Deadline: May 10, 2024
Applications are open for the ARM Labs Innovation Programme 2024. ARM Labs is more than just an innovation lab; it’s a dynamic force for positive change and sustainable impact. Their identity is rooted in ambition, proximity, impact, and truth, creating an environment where audacious dreams meet diverse perspectives. They believe in the power of innovation to bridge the gap between sustainability and progress.
Over a period of 8 weeks, they work closely with every startup, with a primary focus on enhancing their product, market strategies, and team dynamics, to ensure they are prepared for success. The program offers access to the ARM network, exclusive deals from partner organisations, and expert mentors from the fintech industry who offer practical guidance and key introductions.
Benefits
- Strategic Investment: Startups that complete ALIP and meet all program requirements can receive up to $50,000 investment from ARM in exchange for 6% equity.
- Mentorship: Engage with experienced mentors and industry experts throughout the program.
- Tailored Curriculum: ALIP’s curriculum is designed to cover critical aspects of business development, including the POEM framework (Proposition, Organization, Economics & Milestones).
- Market Access and Networking: Connect with a wide array of industry players, potential partners, and investors.
- Investor Readiness: ALIP focuses on preparing startups for further funding rounds.
- Visibility And Branding: ALIP provides a platform to showcase your startup to a wider audience.
Eligibility
- Startups at the pre-seed stage are eligible to apply (must have received/raised less than 500k prior to applying for the program).
- Startups must have demonstrated market demand for the product or services provided. This must include a specified number of active customers, or a demonstrated growth rate.
- The founding team should be full-time, committed and willing to participate in the program.
- Evidence of market validation including user traction, customer feedback and initial revenue streams.
- Hybrid: Virtual or in-person communication, is a requirement depending on the session
- The startups must accept terms of investment prior to entering ALIP.
- You must be a legal registered entity in Nigeria.
Application
For more information, visit ARM Lab.
