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$200,000 Madica Startup Program

  • Organization: Madica (supported by Flourish Ventures)
  • Type: Other
  • Location: Global
  • Funding: Fully Funded

Madica is a structured investment program for pre-seed stage companies in Africa. Madica aims to empower mission-driven founders by democratizing access to world-class company building support, which is available today only to a few well-networked entrepreneurs. - Provides up to $200,000 in equity investment at the beginning of the program. - Focuses on startups that traditionally receive less venture funding (e.g., women-led, local founders, outside major tech hubs). Offers: - Hands-on mentorship from experienced founders and operators - Training and coaching on company building - Investor introductions for follow-on capital - Peer mentorship and community support - Exclusive workshops and immersion trips with mentors, peers, and investors - Perks such as AWS, Carta, Salesforce credits

Apply for $200,000 Madica Startup Program

Madica (supported by Flourish Ventures)Other

$200,000 Madica Startup Program

Rolling
Opportunity type
Other
Funding
Fully Funded
Location
Global
Deadline
Rolling

About this opportunity

Madica is a structured investment program for pre-seed stage companies in Africa. Madica aims to empower mission-driven founders by democratizing access to world-class company building support, which is available today only to a few well-networked entrepreneurs.

  • Provides up to $200,000 in equity investment at the beginning of the program.
  • Focuses on startups that traditionally receive less venture funding (e.g., women-led, local founders, outside major tech hubs).

Offers:

  • Hands-on mentorship from experienced founders and operators
  • Training and coaching on company building
  • Investor introductions for follow-on capital
  • Peer mentorship and community support
  • Exclusive workshops and immersion trips with mentors, peers, and investors
  • Perks such as AWS, Carta, Salesforce credits

Who can apply

  • Must be a local founder/team based in Africa
  • Must have a minimum viable product (MVP) and ideally first paying customers
  • Must not have raised significant institutional capital
  • Open to all sectors, including frontier areas (Web3, AI, etc.)

AI Verification

✓ AI Verified

Our AI read the official sources and cross-checked the key facts. Here is what held up, and what it could not confirm.

We could not fully verify this organization or all of its details. Check it independently on the official website before you apply, and never share sensitive personal or financial information until you are sure a request is genuine.

82
LOT Verification ScoreSolid

Cross-checked 3 of 4 key facts

Confirmed Our best read Not stated

Good to know

  • +Up to 200,000 US dollars invested at pre-seed, plus 18 months of structured support: a lead mentor committed to 10 hours a month, executive coaching, workshops and up to three week-long immersion trips that Madica organises and funds in full
  • +Genuinely open. No cohort, no deadline, solo founders explicitly encouraged, sector-agnostic, and you may reapply after about three months if rejected
  • +The FAQ answers what applicants normally have to guess at: about two weeks per screening stage then four to eight weeks of due diligence, the instrument used, and whether Madica takes a board seat (it does not)
  • +Live and investing, with a portfolio spanning Tanzania, Kenya, Nigeria, Tunisia, Morocco and Egypt

Worth checking yourself

  • !This is an equity investment, not a grant. Madica invests in exchange for equity ownership and does not make follow-on investments
  • !The entry bar is real: a working product, ideally some paying customers, operations in Africa, local founders engaged full time, and little or no institutional funding already raised. Non-profits are not eligible
  • !Time cost: founders must commit 10 to 20 hours a month for 18 months, and Madica prioritises founders who will not be fundraising during the programme
  • !No page states outright that there is no application fee, so this is absence of mention across five pages rather than an explicit statement

Sources checked

MAmadica.vcApplyMAmadica.vcApplyMAmadica.vcApply

LOT finds and checks opportunities from public sources. Always confirm details on the organiser’s own page before applying.

$200,000 Madica Startup Program
Rolling