Description

The Hive Accelerator is a business acceleration program initiated by Hive Colab in partnership with the Argidius Foundation. The program aims to increase the percentage of successful, high-growth, and investment-ready locally led startups in Uganda.

Over three years (2023–2026), Hive Colab will accelerate 80 startups through four cohorts of 20 startups each, helping them grow and scale their businesses.

Target Sectors

The program is sector-agnostic, but priority is given to:

• Tech and tech-enabled startups, particularly in:

  • AgTech

  • MedTech

  • EdTech

  • FinTech

  • GovTech

• Female-founded and led startups

Eligibility

Startups must meet the following criteria:
✅ Legally incorporated in Uganda with Ugandan founders
✅ Early-stage business with potential for growth and scaling
✅ At least two founding members with diverse skill sets, with one working full-time in the business
✅ Minimum annual revenue of USD 10,000
✅ Must have management accounts or audited financial statements

Program Benefits

✔️ Investment Readiness Training: Three weeks of intensive workshops spread over three months, covering:

• VIRAL (Venture Investment Readiness & Awareness Levels) self-assessment

• Peer due diligence

• Pitching

• Financial narrative & milestone planning

• Pre-mortem & hot seat sessions

✔️ Investment Funding:

• USD 15,000 in equity or debt funding for four startups per cohort

• Support to raise further funding for at least 50% of participants within 1–3 years

✔️ Mentorship & Peer Learning:

• 6-month mentorship program with expert guidance

• Business linkages and access to a network of founders and investors

Application Process

📩 Apply Online Only via the provided link.
🚀 Deadline for Cohort 4 Applications: April 6, 2025 (Midnight EAT).

🔗 Click Here to Apply Now