Opportunity Title: Applications open for the 2024 ARM Labs Innovation Programme for Early-Stage Entrepreneurs (Up to $50,000 investment)

Applications are presently open for the 2024 ARM Labs Innovation Programme for Early-Stage Entrepreneurs (ALIP). ALIP serves as a pre-accelerator initiative designed to bolster early-stage startups and aspiring tech founders. The program extends guidance, resources, and mentorship to refine business concepts, develop products or services, and equip participants for further acceleration and investment readiness.

Over an 8-week duration, we collaborate closely with each startup, concentrating on refining their product, market strategies, and team dynamics to ensure their preparedness for success. The program grants access to the ARM network, exclusive deals from partner organizations, and expert mentors from the fintech industry, offering pragmatic guidance and invaluable connections.

Eligibility for the ARM Labs Innovation Programme for Early-Stage Entrepreneurs
To qualify for ALIP, startups must be at the pre-seed stage and have received/raised less than $500k prior to applying for the program.
They must also demonstrate market demand for their products or services, evidenced by a specified number of active customers or a demonstrated growth rate.
The founding team should be full-time, dedicated, and willing to actively engage in the program.
Additionally, evidence of market validation, including user traction, customer feedback, and initial revenue streams, is mandatory.
Startups must accept the terms of investment before entering ALIP and be a legally registered entity in Nigeria.

**Benefits of the ARM Labs Innovation Programme for Early-Stage Entrepreneurs**
Successfully completing ALIP and meeting all program requirements enables participating startups to potentially receive up to $50,000 investment from ARM in exchange for 6% equity.
They will also have the opportunity to interact with seasoned mentors and industry experts throughout the program. ALIP’s curriculum is tailored to cover critical aspects of business development, including the POEM framework (Proposition, Organization, Economics & Milestones).
Moreover, participants will connect with various industry stakeholders, potential partners, and investors, gaining valuable market access and networking prospects.
Investor Readiness - ALIP emphasizes preparing startups for subsequent funding rounds.
Visibility And Branding – ALIP provides a platform to showcase startups to a broader audience.

Timeline for the ARM Labs Innovation Programme for Early-Stage Entrepreneurs
- 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 for the ARM Labs Innovation Programme for Early-Stage Entrepreneurs
For further details, visit the Official Webpage of the ARM Labs Innovation Programme.
Deadline: May 24th, 2024