Digital Financial Services Innovation Lab (DFS Lab), an early-stage startup incubator, has opened applications for the second edition of its US$100,000 Fintech incubation program.
The program seeks world class entrepreneurs, engineers, product managers, or other brilliant people looking to build digital services for millions of users, especially those in developing countries with little or no access to financial products.
Through the Design Sprint Methodology, these entrepreneurs will go through a boot camp to design, prototype and test new ideas. They will also receive support and guidance from topnotch mentors to help bring their ideas to life.
The best ideas will receive grant funding of up to US$100,000 and six months of additional support from the DFS Lab.
The inaugural edition of the program held last year. Over 20 entrepreneurs from 10 countries participated in the six days boot camp in Dar es Salaam, Tanzania. Uganda’s Malako was among the startups that later received about US$400,000 of non-dilutive funding.
This year’s edition of the event will follow same structure as the inaugural. A boot camp will hold in Sri Lanka from April 24 – 29, 2017, with the best ideas getting US$100,000 and six months additional support from the DFS Lab.
African entrepreneurs interested in the program should apply by February 28, 2017. If selected, they’ll receive plane tickets for the boot camp, as well as healthy meals and accommodation throughout their stay.