Program

PROGRAM OVERVIEW

Access world-class venture building support

Madica is a 12-18 month structured investment program for African startups - especially those that receive a disproportionately small share of venture funding, such as those led by women or by local founders or those that operate outside well-established tech hubs.

We will invest up to $200,000 in participating companies at the beginning of their journey so they can hire the right team and focus on building the business. We will complement this with programmatic support including access to hands-on mentorship by exceptional founders and operators, training and coaching on company building by industry specialists, and targeted interactions with prospective investors to ensure that the continuum of later-stage capital is available as companies grow.

Applications to the program are open all year round and startups can apply to join whenever they are ready.

Benefits

Capital

We will invest up to $200,000 in exchange for equity ownership in participating companies

Community

Madica founders will join a thriving community founded on the principles of mutual trust, unconditional support and results-oriented collaboration. Successful Madica founders will rely on fellow founders, the Madica team, and the broader Flourish Ventures community to help overcome personal and professional obstacles. Additionally, founders will have access to a world-class panel of mentors, executive coaches, and subject-matter experts to get hands-on support.

Curriculum

Madica participants will receive exclusive invites to attend highly personalized workshops designed to impart foundational skills for scaling their ventures. Founders can also engage in up to four, week-long immersion trips throughout their time in the program. Each trip provides an opportunity to spend quality time with mentors, peers, global investors, and key ecosystem stakeholders.

Continuity

After completing the program, Madica companies will be introduced to specially selected investors and accelerator programs that can help them take the next leap forward

Perks

Madica offers curated tools, training and credits such as AWS, Carta and Salesforce to make starting-up a little easier.

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Structure

Peer mentorship and workshops

Details

Peer mentorship: Madica companies take turns to share updates/issues towards their major priorities and receive feedback from their peers

Workshops: Deep-dives into specific functional areas relevant to startup growthInspirational chats: Virtual fireside chats with successful entrepreneurs/operators within the region and globally that can share insights relevant to the growth stage of Madica companies. Some of these events can be opened to the public depending on speaker profile and marketing objectives.

Time commitment

5 hours per month

Frequency

Bi-weekly (every other week)

Office hours with the Madica/flourish team

Details

Include summary of session details here

Time commitment

Founders schedule as needed

Frequency

Founders schedule as needed

Who is Madica For?

Madica will inspire and empower mission-driven founders with access to world-class support, resources, networks and mentorship throughout their start-up journeys

Apply now

Team

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We seek local founders with diverse teams from across the continent

Traction

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We seek ventures with at least a minimum viable product, ideally with the first few paying customers and those that haven’t yet raised significant institutional capital

Sector

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We invite founders from all sectors including frontier sectors (e.g. Web3, AI)

Get access to world-class tools for your startup growth

We've curated a suite of tools and credits for Madica companies, to make building a little easier

See program perks