To Africa’s dismay the continent continues to suffer from brain drain, where the highly educated and skilled continue to leave.
Propel aims to break this trend by inspiring and boosting your confidence to turn your idea into the next unicorn in Africa. Our aim is to unravel the huge opportunity Africa provides; a fertile ground for upcoming tech millionaires and billionaires.
Propel’s programs are for eligible participants in the UK 🇬🇧. Along with online publications and potential grant funding, we are also looking at holding exciting workshops that will energise you to start launching your idea in Africa.
We aim to be different than your usual early founder development and funding programs as we cater solely to talented African founders who want to launch their tech businesses in Africa.
No one knows the issues facing your country (and the opportunities that it presents) better than you. As a problem solver, you will be providing ideas that are economically viable and sustainable. They should cater to support Africa’s burgeoning user base of consumers. The Propel program focuses on the following sectors:
FACT: Funding of African Founders Keeps Increasing
In 2018, African startups raised a record $725.6 million across 458 deals. In 2017, $560m was invested into African startups by VCs focused on African markets. It was a 53% increase compared to 2016, 2x the funding amount of 2015 and 14x the fundraise amount in 2012.