The Meltwater Entrepreneurial School of Technology (MEST) has announced recruitment of Entrepreneurs-In-Training (EITs) from four African nations including Nigeria.
MEST says that Nigerians, South Africans, Ghanaians and Kenyans and Nigerians who wish to spend a year at MEST in Accra to take part in its intensive training programme and launch their own software company, with potential for seed investment opportunities.
According to MEST, admitted applicants will receive a full scholarship to a one-year entrepreneurial training programme that blends an MBA-type education with hands-on training in software development. During the program, students form into teams, develop a product, write business plans, and craft their investor pitches. The strongest and most promising concepts receive between $50,000 to $250,000 USD in equity investment, to support the launch of these new businesses.
The MEST Entrepreneurs-In-Training (EITs) was initially restricted to applicants from Ghana but later extended to Nigeria and Kenya. It has however been extended further to applicants from South Africa.
“2014 was the first year that MEST recruited outside of Ghana, due to our sponsorship from Interswitch in Nigeria,” says Katie Sarro, Managing Director, MEST. “We’ve found the diversification of students in Ghana, Kenya and Nigeria exponentially increase the business ideas that come from the training program. With the addition of South Africa, we look forward to fostering even more talent.”
MEST announced in a statement that teams that receive investment will start their journey at the MEST Incubator, where they will receive continued hands-on support as they launch and grow their businesses.
Selected Entrepreneurs-in-Training (EITs) will receive:
A year-long, fully sponsored training program in Accra starting September 2016
Hands on training in software development and entrepreneurship
Potential for seed funding at the end of the program
Housing, monthly stipend, tuition and meals covered by MEST during the one-year training programme.
Interested tech entrepreneurs can visit MEST website to apply for the programme. Application closes on May 10, 2016.