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Meltwater Entrepreneurial School of Technology (MEST) 2023 Scale Accelerator - ACEworld Magazine
Applications for the MEST Scale Accelerator 2023 are now open. MEST Scale is a venture acceleration programme designed by MEST, in partnership with the Mastercard Foundation, to help Small and Growing Businesses strengthen their operations, address key technology gaps and increase their ability and capacity to scale their growth.
Small and Medium Enterprises (SMEs) play a critical role in Ghana’s socio-economic growth. They represent over 80% of enterprises in the Ghanaian market. However, despite the significant role they play in the development of their communities and the economy, SMEs face a number of key challenges that make it difficult for them to scale up sustainably.
Programme Curriculum
Month 1Scale diagnostics Month 2-4Scale challenge articulation (from diagnostic) Scale strategy development Operations and business modelling Investment readiness Month 5-6Scale plan pilot and wrap up Eligibility Criteria MEST Scale is looking to support startups and SMEs that are ready to scale. They should meet the following requirements:
Sales and traction Has annual sales minimum $150,000 Demonstrates at least three years of strong revenue growth If unprofitable, has plan and path for financial breakeven Stage Commercially viable venture with strong product-market fit with a primary challenge of determining why, where, what, and how to scale Personnel and talent Minimum of 5 full-time management staff, total of 10 staff minimum Team should consist of more than 5 team members that are non-management staff Gender balance Companies with women in leadership and top management roles will be given preference Scalability The venture has a good blend of ambition and potential to scale Market Business must be based in Ghana & headquartered in the Greater Accra region Technology Must be a software technology business Benefits Tailored Advisory Support: Get seasoned business advice that responds to your specific needs Specialist Consultations: Area-specific experts provide consultation sessions and guidance Investor engagement: Get investor readiness support and growth capital linkages Technology Enhancement: Improve use of technology to enhance business development How To Apply Step 1: Fill out the general application form hosted on F6SStep 2: Shortlisted ventures are invited for the first round of interviewsStep 3: Final list of companies are sent offers of admissionStep 4: Admitted companies are onboarded into the programmeApply Here
Begin your Registration Have you read the instructions above carefully? Great. Now, below is the registration button, and the official page link for more info. Good luck.
Apply Here
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