Call for Applications: ARM Labs 2024 Innovation Program for African Startu

ARM Labs Innovation Program (ALIP) is a pre-accelerator program designed to support early-stage startups and aspiring tech founders. It provides guidance, resources and mentorship to refine business ideas, develop products or services and prepare participants for further acceleration and investment readiness.

Over a period of 8 weeks, we work closely with every startup, with a primary focus on enhancing their product, market strategies, and team dynamics, to ensure they are prepared for success. Our program offers access to the ARM network, exclusive deals from partner organisations, and expert mentors from the fintech industry who offer practical guidance and key introductions.

About Asset & Resource Management Holding Company (ARM) Limited

Established in 1994 as an asset management firm, ARM offers wealth creation opportunities through a unique blend of traditional asset management and alternative investment services. We enable businesses to thrive, and help our clients to maximize their returns and realise their most important goals. For over two decades, we have built a firm uniquely equipped to achieve these objectives and our reputation for quality research, investment expertise and value-added services has endeared us to clients both locally and internationally.  Throughout our history, we have strategically positio...... continue reading

ARM Labs Innovation Program

Aim and Benefits of ARM Labs Innovation Program

• Strategic Investment: Startups that complete ALIP and meet all program requirements can receive up to $50,000 investment from ARM in exchange for 6% equity
• Mentorship: Engage with experienced mentors and industry experts throughout the program.
• Tailored Curriculum: ALIP’s curriculum is designed to cover critical aspects of business development, including the POEM framework (Proposition, Organization, Economics & Milestones).
• Market Access And Networking: Connect with a wide array of industry players, potential partners, and investors.
• Investor Readiness: ALIP focuses on preparing startups for further funding rounds.
• Visibility And Branding: ALIP provides a platform to showcase your startup to a wider audience.

Requirements for ARM Labs Innovation Program Qualification

• Startups at the pre-seed stage are eligible to apply (must have received/raised less than 500k prior to applying for the program)
• Startups must have demonstrated market demand for the product or services provided. This must include a specified number of active customers, or a demonstrated growth rate.
• The founding team should be full-time, committed and willing to participate in the program.
• Evidence of market validation including user traction, customer feedback and initial revenue streams.
• Hybrid: Virtual or in-person communication, is a requirement depending on the session
• The startups must accept terms of investment prior to entering ALIP.
• You must be a legal registered entity in Nigeria.

Interview date, Process and Venue for ARM Labs Innovation Program

Selection Process

Our selection process is highly competitive, so be sure to highlight what makes your startup unique and why it would be a great fit for ALIP. After the application period ends, our team will review submissions, conduct interviews, and select the most promising startups to join our program.

Project Timeline

• Call For Application: Monday, April 29th, 2024
• Applications close: Friday, May 10th, 2024
• Final Call for Application: Monday, 20th May, 2024
• ARM Office Visit Hours: Monday, May 20th, 2024 – Wednesday, May 22nd, 2024
• Application Close: Wednesday, May 22nd, 2024
• Candidate Screening Starts: June 3rd- June 17th
• Final Offer sent: Friday, June 21st, 2024
• Program Resumption: Monday, July 22nd, 2024

Application Deadline

How to Apply

For more details, visit ARM Labs website