The 2024 FCMB HERCCELERATE Program has been announced by the First City Monument Bank of Nigeria, which is currently accepting applications.
The FCMB HERCCELERATE Entrepreneurship Program offers a grant of N1.5 million to assist high-potential technology businesses in Nigeria that are led by women.
This grant is intended to facilitate rapid growth and investment.
Through the HERCCELERATE Accelerator Program, the FCMB is dedicated to providing a selection of female entrepreneurs with essential support. These resources include coaching, grant funding, technological resources, and connections to potential investors.
In this post, we will provide step-by-step instructions on how to apply for the 2024 FCMB HERCCELERATE Program, as well as explore the specifics of the program for individuals who are qualified and interested in participating.
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2024 FCMB HERCCELERATE Program
| Company | FCMB |
| Category | Grants/Traning |
| Location | Nigerian |
| Reward | N1.5m Grant | MentorshipBusiness Funding Training |
| Sponsor | SheVentures |
| Gender | Women |
| Application | Online |
| Deadline | October 6, 2024 |
About the 2024 FCMB HERCCELERATE Program
The FCMB HERCCELERATE Program is one of the program initiatives that are part of the SheVentures program that the organization offers.
HERCCELERATE is a collaboration between SheVentures, the women-focused business section of FCMB, and Hub One, the innovation hub of FCMB itself.
The goal of this accelerator program is to put women-led technology firms in Nigeria that are in their early stages and have a high potential for growth and investment in a position to experience rapid expansion.
It is the mission of HERCCELERATE to provide selected female entrepreneurs with access to possible investors, as well as mentoring, grant financing, technology tools, and other resources.
For this first-ever iteration of HERCCELERATE, there will be a selection process that will choose up to forty women-led technology firms to take part.
HERCCELERATE 1.0 will run over 5 weeks and culminate in a Demo Day where 5 finalists will pitch to an esteemed jury for a chance to win grants and other prizes.
Eligibility Requirements
For your application to be considered for the FCMB HERCCELERATE Entrepreneurship Program, you must:
- Be a Nigerian
- Be a female business owner
- Run a high-potential women-led technology startup in Nigeria
- Be determined and passionate about growth
Benefits of 2024 FCMB HERCCELERATE Program
Key Benefits
- Total grant funding of 1.5 million naira
- Tailored expert-led training.
- Access to tech tools and services at discounted rates e.g. Zoho One, Branddrive, etc.
- Access to potential investors
- Follow-on support
Other benefits
- Access to Sheventures’ single-digit and zero-interest loans. Learn more.
- Access to Sheventures programs and networks.
- Access to FCMB’s Open Banking infrastructure (APIs, etc)
- Potential strategic partnership with FCMB
- Access to Hub One’s coworking infrastructure, community, and network of partners. Learn more.
2024 FCMB HERCCELERATE Program Timeline
- Calls for applications: September 6th – October 6th
- Assessment and selection of participants for the accelerator: October 6th – October 11th
- Acceleration program: October 14th – November 15th (5 weeks)
- Demo Day: November 29th/30th
Application Method for the 2024 FCMB HERCCELERATE Program
- To access the application webpage, candidates who are interested and meet the qualifications should click on the “Apply Now” button below.
- Read through the instructions on the application page and click “Apply Now”
- Complete the application form and click SUBMIT
Application closing date: All applications should be submitted on or before October 6, 2024.