Newsonline reports that an application is now opened for the Grindstone Accelerator, South Africa $6.5m Graduates Fund.
This online newspaper understands that the program is a joint force between Grindstone with the SA SME Fund, Deloitte, Thinkroom, Knife Capital, Webber Wentzel and Google for Startups. The programme is aimed at entrepreneurs who are ready to take their businesses to the next level.
Business support resources and services will include elements of training, corporate advisory, coaching, mentorship and funding. Specific interventions for each company include:
a) A structured gap analysis, understanding of the company value system
b) Building a digital go-to-market strategy
c) financial modelling
d) intellectual property assessment
e) Strategic and financial valuation as well as populating a data room.
Favourable funding support will also be provided to the 20 Grindstone Companies enable them to de-risk and close the initial growth gaps identified.
In addition to Knife Capital’s Funding Readiness Course: Find-Make-Grow-Realise, there will be 6 x 1-day workshops over the year in the following:
1) Culture & Strategy
2) Sales & Marketing
3) Market Positioning & Messaging
4) Technical
5) Finance, Valuation and Exit
6) Legal compliance & IP
Eligibility
To be eligible to join Grindstone, your company needs to be:
a. A South African registered company
b. Post-revenue with some customer traction
c. A dynamic team of awesome people
d. Innovative business offering with a clear competitive differentiator
e. Scalable business model
How to apply:
Interested and qualified Applicants should visit https://grindstonexl.com to apply
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