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  OceanHub Africa, renowned as a key facilitator of ocean-impact entrepreneurship across the continent, proudly announces the commencement of its fifth cohort for an eight-month acceleration program. This initiative is dedicated to supporting up to fifteen of Africa’s most promising for-profit startups committed to advancing the health and sustainability of the ocean ecosystem.
Read more about Opportunities
The accelerator, as emphasized by OceanHub Africa, is deeply committed to nurturing ventures that blend environmental stewardship with profitability. With a vision to counteract global warming, combat overexploitation, and mitigate pollution of the oceans, OceanHub aims to cultivate an economy that harmonizes with ecological well-being. Leveraging its extensive network of stakeholders and facilitators, OceanHub Africa offers an innovative hybrid program aimed at identifying sustainable pathways for generating stable returns on investment (ROIs) and fostering scalable growth opportunities across Africa.
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Benefits

  • Access to a diverse network comprising leading ocean experts, mentors encompassing entrepreneurs, investors, innovation experts, impact specialists, scientists, and legal professionals, as well as potential clients.
  • Hands-on support tailored to expedite growth, encompassing customer acquisition strategies, execution of initial Proof of Concept initiatives, and scaling endeavours through commercial contracts and fundraising activities.
  • Allocation of cloud services worth up to $75,000 through strategic partnership with AWS Activate.
  • Provision of mechanical engineering design software licenses exceeding $40,000 for prototyping and virtual testing, courtesy of 3DExperience Lab.
  • Access to resources from Dassault Systèmes, Amazon Web Services, Hubspot, and Notion Premium.
  • Legal advisory sessions facilitated by esteemed firms such as Sidley Austin, Bowmans, and Lex Mundi, valued at up to $50,000, catering to specific market requirements.
  • Comprehensive support spanning sales, product development, communication strategies, and business development endeavours.
  • Potential funding opportunities extend up to $10,000.
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Eligibility Criteria

  • Startups must demonstrate a clear commitment to ocean stewardship, either directly or indirectly impacting ocean-related challenges such as climate change, pollution, or overexploitation.
  • Entities must operate as for-profit organizations within the African continent.
  • Offerings must entail scalable services or products either already available on the market or in the imminent stages of launch.
  • Demonstration of innovation in product/service offerings or disruptive business models.
  • Exploration of investment opportunities or new market expansion.
Applications for the program will remain open until May 5, 2024. For those interested in seizing this opportunity, applications can be submitted HERE.
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This article was first published on 4th April 2024

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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