21 February 2020

Mentorship Training Programme Launching in 2020

Mentorship Training Programme Launching in 2020

VC4A and Impact Amplifier are hosting the Mentor-Driven Capital (MDC) Programme in three Southern African countries. Powered by SAIS 2, the programme partners with the Botswana Innovation Hub in Botswana, mLab Southern Africa and Jozi Angels in South Africa, and BongoHive in Zambia to select and provide training to 60 people on how to become business mentors. 

The programme will run in two cycles. First, VC4A and its partners will coach the selected individuals on how to best leverage their knowledge, expertise, and networks to mentor startup founders. Once this training is complete, the founders will be matched with mentors for a three-month mentorship. The goal for this programme is to establish a network of business mentors who will be active in the three countries and who are ready and available to support new startups at the right moment, e.g. after entrepreneurs have completed an incubator or accelerator. 

Mentorship and Capital

While capital serves an important function in the running of any business, it is crucial for the entrepreneurs running new startups to know how to optimally use their finances to further their enterprises’ aims. Mentorship therefore plays a vital role in unlocking Africa’s economic potential as a network of mentors can provide new entrepreneurs with information and guidance around best practices that they might not be able to access otherwise. This allows founders and their startups to improve to the point where they are ready for investment, possibly from mentors who wish to act as angel investors. In this way, growing the mentor networks will also lead to growth in the number of angel investors across the continent, a factor that is critical to the growth of new African startups. 

“SAIS 2 is delighted to support this endeavour, which is implemented by a consortium of strong, forward-looking partners,” says SAIS 2 Programme Lead Expert Ilari Lindy. “A critical element for every entrepreneurial ecosystem is the availability of resources such as knowledge, networks, and funding. Cooperation with experienced, locally recognised champions will not only increase startups’ likelihood of success, but will also promote the use of relevant resources in the ecosystem and generate new business opportunities for all role players involved.” 

The MDC Programme

The programme will host two mentor-driven capital bootcamps each in Gaborone, Johannesburg, and Lusaka. Topics and benefits that will be covered as part of the programme include:

  • Introduction to Mentor-Driven Capital
  • What makes a good business angel?
  • Partnering with corporates
  • Structuring the corporate deal
  • Starting as an angel investor
  • Valuations and term sheets
  • Mentor a promising startup
  • Access to peer group mentor sessions
  • Access to mentorship guide and online training materials
  • Access to resident experts on corporate matchmaking and investment readiness
  • Access to promising startup companies looking for angel investment
  • Profile on the VC4A website
  • A VC4A Pro Account (three months) and access to the VC4A Mentorship Marketplace
  • Complimentary access to the Africa Early Stage Investor Summit 2020

The first bootcamp trainings took place on the following dates:  

  • Botswana: 13 February 2020
  • South Africa: 11 February 2020
  • Zambia: 15 February 2020

The second round of training will be announced at a later date. Further information can be found on the VC4A Website.