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  Applications for the fifth cohort of the ARM Labs Innovation Program are now open. If you run a startup in the FinTech, Data Intelligence, PenTech, or Digital Trade space, you may apply for the chance to be received into the program and get up to $50,000 in funding, among other benefits.
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ARM Labs exists to help startups in FinTech and allied industries strengthen and grow in far less time than they would have managed without it. Besides attracting financial investment, startups that go through the program will also get mentored, build their distribution capacities, and access a broader network of peers and investors.

Benefits

Startups that are accepted into the ARM Labs Innovation Program will benefit from it in the following ways:
  • Get equity funding of up to $50,000
  • Have access to other investors
  • Be mentored by leaders and experts in FinTech
  • Be provided with an office workspace that can take in up to five team members per startup
  • Access the program’s alumni network and learn valuable lessons from its members
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Eligibility

This program is open to early-stage FinTech, PenTech, Data Intelligence and Digital Trade startups.

The Lead-Up to the Program

The lead-up to the program will unfold in three stages:
  • Stage 1: The organizers of the program will screen applicants and select the 30 most innovative startups from among them.
  • Stage 2: They will review the top 30 startups by conducting product validation and due diligence checks, and select the top 15 from that number.
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  • Stage 3: The 15 startup founders that emerge from the previous stage will be interviewed, and evaluated using an e-scoring tool. The top 5 will be selected from this crop and will be ushered into the program.
Applications will remain open until Monday, June 15, 2023. If you would like to apply for the ARM Labs Innovation Program, you can do so HERE. Featured Image Source: Opportunities For Africans
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This article was first published on 20th May 2023

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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