Fintech Incubator

What is Fintech Incubator?

The Fintech Incubator is a top-level incubation program specifically designed for budding entrepreneurs with ideas within the financial sector. The 6-month long program will take startups through an interactive and human-centered ideation process, prototyping, product design, cross-sectorial mentorship support, and business development processes to help them come up with disruptive and commercially viable products. At the close of the program, there will be a Fintech Speed Investment Fair where startups will pitch their business concept to a pool of investors, Financial Service Providers and other startup enablers. Winners of the pitch competition will be awarded seed capital to proof their business concept in the market.

In particular, we encourage participants to submit ideas that address financial inclusion challenges for marginalized groups, such as rural populations, youth, women and people engaged in agriculture. The submitted ideas should present a sustainable venture with the ability to solve economic and social problems, be scalable and able to generate revenue. Preferably the idea addresses a challenge of people in the Lake Zone.

APPLICATION PROCESS

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Interested entrepreneurs should submit their business idea through the online application

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All applicants will get a notification from Ennovate Hub once your ideas are received. Applications received via our online portal will be reviewed and applicants will be notified of receipt of their idea within 24 hours after submission

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Successful applicants will be notified by the end of November

ELIGIBILITY CRITERIA

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Interested entrepreneur must have an innovative and disruptive idea within the financial sector

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Preferred applicants will be comprised of a co-founder and support teams with relevant experience

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Applicants are required to be residents of Mwanza and environ (Lake Zone) or willing to reside in Mwanza during the time of the program

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Applicants should be within the age of 18 – 35 years

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Female entrepreneurs are highly encouraged to submit their business ideas

FINTECH INCUBATION APPLICATION FORM

Name (Full Name)

Phone Number

Email Address

Physical Home Address

Gender

Age

Name of Startup

Location of Startup

Number of Team Members

Summary (A short description of the idea in one or two sentences)

Description

Originality (Describe how your idea is different from already existing solutions)

Feasibility (How easy is it to implement the idea? And how long will it take to successfully implement it?)

At what stage of product development are you in right now?

Market Potential (What is the market size and scalability opportunity of your idea?)

Proposed Revenue Model (Share your proposed revenue stream(s))

Startup Needs (What are the top 3 needs for your startup to be successful?)

Are you interested in getting industry mentorship?

Impact (Who will benefit from your solution? And how will they benefit?)