ENTERPRISE54 – Cameroonian’s first technology hub, ActivSpaces has opened it application for “Activation Bootcamp”. The application is open to technology startup in Cameroon and it run from January 5th through January 19, of this year.

ActivSpaces is one of Cameroon’s leading technology hub. And has open the six months accelerator programme to advance the growth of technology startup in Cameroon.

The six months programme is the first of it kind in the Country and is valued at 4.6 million FCFA ($8,364) for each startup, with 1 million FCFA ($1,818) given to the startup in cash.

To make the startup more attractive to investors, ActivSpaces team will focus on marketing and sales, which will make the selection process  more competitive, and it will go through a review process by the staff of ActivSpaces along with  some members of technology and business community.

ActivSpaces will give room for selected startup to come and pitch to a panel. The details about the time and venue of the event will be revealed as the deadline approaches. Activation Bootcamp will be announced on the day of the pitch event. Each of the selected startups will receive a comprehensive package which includes office space, legal advice, marketing consulting, mentorship, business coaching and seed finance totaling 1million FCFA in cash.

Startup will repay ActivSpaces a royalty of 5-10% of their total revenue (until they have repaid 4.6 million FCFA). This is done to keep the programme running. Cameroon’s startup will be asked to contribute the following:

* Attend weekly meetings with Business development Team
* Complete tasks set by Business development Team
* Attend Business Development sessions
* Complete a monthly audit
* Return on investment after a six month grace period