The fourth iteration of the eight-month OceanHub Africa accelerator is now accepting applications.
This program will support up to 12 of Africa’s most promising impact-driven for-profit enterprises that are dedicated to protecting and restoring the health of the ocean.
The OceanHub Africa accelerator, which chose its third cohort in October, is on a mission to assist ocean-focused startups with the specific goal of fostering an economically successful and environmentally conscious society that successfully lessens the effects of both global warming and the overfishing and pollution of the oceans.
It will give to the accelerated startups an online program that looks for sustainable pathways providing consistent profits (ROIs) and options for scalable growth across Africa by leveraging its highly qualified network of stakeholders and facilitators.
Selected businesses will also receive over US$40,000 in mechanical engineering design software licenses for prototyping and virtual testing, provided by partner 3DExperience Lab, up to US$75,000 in cloud service from AWS Activate, and access to a network of influential ocean experts, mentors, impact investors, and potential clients.
They can attend networking events and conferences, including a stand and stage time at the Ocean Innovation Africa annual summit, as well as take part in a hands-on training bootcamp and receive customized business skills and personal development through one-on-one coaching.
Additionally, there may be cash available up to US$10,000, assistance with developing and delivering investor pitches, and assistance with deal structuring. As a part of its ecosystems, OceanHub provides access to a wide portfolio of impact investors.
Startups submitting applications must have an ocean-minded business model, be for-profit, and offer a scalable service or good that is currently or soon will be on the market.
The application period here is available through May 14; the eight-month program will start in July.