Open Startup, in partnership with Columbia Engineering and Columbia Business School, has unveiled the OST Programme, a pioneering initiative aimed at fostering the growth of early-stage startups across Tunisia, Senegal, and Morocco. This comprehensive accelerator program is designed to empower 30 carefully selected startups over an intensive 18-week hybrid curriculum, scheduled to run from September 2024 to January 2025.
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Empowering Innovation Without Equity Stake
Central to the OST Programme’s ethos is its commitment to supporting innovation without claiming equity stakes from participating startups. A total of $50,000 in non-dilutive funding will be distributed among finalists, providing crucial financial backing to advance from proof of concept to minimum viable product (MVP) stage. Beyond funding, selected startups will benefit from tailored training and mentorship delivered by seasoned industry experts, bolstered by the involvement of MBA students from Columbia Business School.
Holistic Support and International Exposure
“This programme goes beyond financial support,” remarked a spokesperson from Open Startup. “It aims to accelerate market understanding and product refinement through personalized mentorship and global networking opportunities.” Participants will also gain invaluable international exposure through immersive visits to tech hubs in New York, Tunisia, and Morocco, facilitating cross-cultural insights and expansive networking opportunities crucial for scaling their ventures.
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How to Apply: A Step-by-Step Guide
- Check Eligibility: Ensure your startup meets the eligibility criteria outlined on the Open Startup OST Programme page. Eligible candidates typically include early-stage startups with a viable proof of concept and individuals possessing both technical and soft skills essential for entrepreneurial success.
- Prepare Your Application: Craft a compelling application that clearly articulates your startup’s vision, market opportunity, current milestones, and how participation in the OST Programme aligns with your growth trajectory.
- Submit Online: Visit the official application portal to submit your application before the deadline on July 21, 2024. Be thorough and ensure all required documents and information are included to enhance your chances of selection.
Impact and Testimonials
Past alumni, such as Riadh Hamama, CEO & Founder of LoxBox Services, have attested to the transformative impact of the OST Programme. “The mentorship and global networking opportunities provided by Open Startup accelerated our market understanding and unlocked doors to international collaborations,” remarked Hamama, reflecting on his experience.
Commitment to African Tech Ecosystem
The OST Programme underscores Open Startup’s broader commitment to nurturing African tech innovation. Recent initiatives include strategic partnerships like the MOU with BPI France and successful engagements such as the 2024 Global Immersion Week in Morocco, fostering collaboration with key entities like Technopark Maroc and UM6P – Mohammed VI Polytechnic University.
For detailed information on eligibility criteria, application guidelines, and program benefits, visit the Open Startup OST Programme page. Join Open Startup in accelerating Africa’s tech innovators and shaping the future of the continent’s entrepreneurial landscape.
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