Silicon Valley VC firm DraperDarkFlow has partnered accelerator 500 Startups to host SpeedUPAfrica, a four-day bootcamp for 100 of the continent’s most exciting startups, all targeting a share of US$1 million in funding.
DraperDarkFlow has organized a four-day bootcamp at which a hundred of Africa’s most exciting startups will take part in a 100 percent execution driven sessions at Ashesi University in Ghana, in which the company will invest US $1 million in the best startups. 500 Startups will run parts of the process, while other partners include Singularity University, F6S andRanLabs.
Toro Orero, managing partner at DraperDarkFlow, told Disrupt Africa the company had noticed a big knowledge gap in startups going from product, to company, to scale.
“We wanted to do something that was 100 per cent execution-driven, not an industry event. Something so impactful it would be a defining moment in the life of the entrepreneurs and their startups,” he said.
“While pitch competitions are necessary for the ecosystem and could help founders hone their stories, we’re taking it a step further and going on full execution mode,” Orero said.
The four-day boot camp promises no keynotes, no lectures, no panels, no pitch competitions, no fancy networking sessions and beer drinking but rather intense hands-on activity, live experiments, growth hacking, one-one mentoring sessions and more with Silicon Valley experts, mentors and investors.