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The African Food Accelerator Program is an exciting new initiative from the Fatherland. Engineered to empower a game-change.
This unique Fatherland program, which is part of the Fatherland Economic and Community Development Sector, will focus on mentoring and investing (via the FairShares Network), in innovative food start-up companies that aim to promote African food on a global scale. —Thereby making African food readily available for the international food and restaurant industry and helping to create more jobs for Africans.
Clearly, there is a tremendous opportunity for investing in the commercialization of African Food around the world, thus following suit with the commercialization Turkish, Chinese, Indian, & other cultural foods, which have become so globally popular, that they have turned into multi-billion-dollar exports which are continually rising”
Indeed: “the global ethnic food market is projected to grow from $49.27 billion in 2021 to $98.06 billion in 2028 at a CAGR of 10.33% in forecast period, 2021-2028"
Once you submit your application, our team will email you within 5 - 7 working days on whether you've been selected for an interview.
Once approved, we'll email you a link to schedule an_ interview. Please note that interview space is limited, so we recommend booking as soon as possible.
Our team will complete an initial due diligence evaluation to determine your suitability for our program and present it to our selection committee.
You will be notified of our decision to accept or deny your application within 24 hours of our committee vote. If received, your seat will remain open until the cohort fills up.
Cohort applications are due every 20th unless you request an extension. We recommend applying 30 days before each cohort launch.
When we commit to a round, we expect to complete our due diligence and investment process within six months of term sheet issuance.
