For the first time ever in its 3 year history, the Facebook London accelerator programme is now open to startups from Africa. The social media giant announced today that it is inviting applications for this year’s edition of the London-based accelerator programme.
The Facebook accelerator program is designed to help startups from across Europe, the Middle East and Africa (EMEA) that are creating impact at scale using artificial intelligence (AI), augmented reality and virtual reality (AR/VR), blockchain and other Facebook technologies.
Facebook says the programme is for startups that use pioneering technologies to create a “positive impact in the world”. Companies must also demonstrate progress in their product, growth, and revenue. Other requirements include skilled and focused team as well as the eagerness to learn how to scale business through Facebook.
Nicola Mendelsohn, vice president (VP) of EMEA at Facebook said:
Innovation is at the heart of Facebook and today we are opening up our London accelerator programme to Africa […] We hope that through this programme we can help nurture a new cohort of businesses that make a positive impact on the world.”
The programme, which will run for 3 months starting November, will see startups gain access to knowledge and expertise from Facebook employees. This will involve a range of activities including practical workshops in products, engineering, growth, impact, and mentorship.
It will run in partnership with Founders Intelligence, a digital agency subsidiary of Founders Forum Group. Participating startups will get mentorship from product managers, data scientists, marketers, recruitment specialists, and engineers from Facebook. Besides, Facebook Connectivity will support companies that are building solutions to bring faster, cheaper and better connectivity and internet services to people across Africa.
For early stage startups, accelerators like this offer a great opportunity to increase their likelihood of success and fast track their growth. Accelerators help startups shorten their timeline of building successful businesses from roughly two years to just a few months. At the end of the program, participating startups pitch their products to investors and media at a demonstration event.
Applications are open until October, 18.