Venture Capital for Africa (VC4A) has launched a dedicated online training program for Africa’s Business Angels – ‘Mentor-Driven Capital
Over the past two years, VC4A has successfully implemented Mentor-Driven Capital programs in Nairobi, Lagos, Abuja, Cairo and Hargeisa, bringing together aspiring business angels and connecting them with promising startups. Based on learnings presented and gathered, as well as video interviews done with experienced mentors and mentees, VC4A has now launched an online course on ‘Mentor-Driven Capital’.
Many startup ecosystem studies across Africa have shown that there are limited local (angel) funding sources as well as a lack of well-developed mentorship networks in most African cities. This VC4A says, with its local partners, has designed a program that addresses both topics at the same time.
Any startup requires cash to operate, but it is the application of capital in smart ways that secures greater impacts and returns on investments. Mentor-Driven Capital has a critical role to play in supporting the continent’s entrepreneurs. It is also where a good local business angel can make the difference between venture failure, survival and success.
According to VC4A CEO, Ben White: “Since VC4A’s offline programs can only reach a limited number of participants, we’ve decided to create an online course that captures much of the content of the recent mentor-focused work. Anyone who is interested can now take advantage of the first dedicated training program designed for African business professionals keen to guide Africa’s up-and-coming entrepreneurs to success.”
The goal of this course is to boost the ability of participants to become high-powered mentors that support entrepreneurs while also learning to think and act like savvy business angels. Participants receive expert guidance, training, and hands-on support. The things aspiring mentors need to bring to the table are their valuable time, knowledge and networks.