About the Boost Africa Legal Capacity Workshop
Lawyers Hub is excited to invite you to participate in a free legal training workshop that we will be hosting in partnership with the European Investment Bank and Adam Smith International, for early-stage startup funders and founders in Africa titled Boost Africa Legal Capacity Workshop from 26th April to 31st May 2022.
Themed ‘Building the legal capacity of startup funders and founders in Africa’, the Boost Africa Legal Capacity Workshop is a virtual workshop that brings together early-stage startup funders and startup founders from Anglophone and Francophone Africa to learn about legal aspects to setting up start-ups and first-time investment funds as well as build their legal knowledge and capacity to run legally sound ventures.
The virtual workshop will cover the following training modules:
- Workshop 1: Company Formation and Structuring | Intellectual property
- Workshop 2: Capital Structuring, Valuation and Fundraising | Fund management
- Workshop 3: Taxation | Contracting | Internal Organization Policies
The workshop is a great chance to connect with other startup funders and founders from the African continent while building your legal knowledge and capacity on aspects of running a legally sound startup or fund through customized training delivered by experienced industry experts.
About the Africa Startup Law Accelerator
The Africa Startup Law Accelerator is the premier African legal-tech accelerator program run annually by the Lawyers Hub that supports early-stage and growth-stage legal-tech startups in Africa to scale.
Motivated by the missing link between legal-tech innovators and legal practitioners targeted to benefit from developed legal technologies, the access to legal support gap for startups seeking affordable legal services, and the access to justice gap for ordinary Africans seeking user-friendly justice services, the accelerator endeavors to bridge these gaps. The Africa Startup Law Accelerator will, therefore, bridge the gaps by providing a tailor-made 12-week virtual program designed to accelerate the business growth, legal setup & compliance, operational capacity and impact of early-stage and growth-stage startups working on legal-tech and justice innovations.
The Africa Startup Law Accelerator invites all legal-tech startups providing innovative technologies that enhance legal practice for legal practitioners, provide affordable legal services for SMEs or escalate access to justice for African citizens to apply to join its 2022 cohort.
Africa Startup Law Accelerator Program Infomation
By joining the Accelerator you get to reap the unique benefits of:
Access to the Lawyers Hub community of African Lawyers for customer discovery, product testing and growth.
Investment readiness support and connection to legal-tech investors for funding.
Opportunity to showcase your legal-tech startup at the annual Africa Law Tech Festival and Africa Legal Innovation Week.
Access to premium legal advisory services and business support services from professionals i.e legal, financial, commercial growth and marketing.
Tailor-made and practical virtual training program for scaling legal-tech startups delivered by industry experts on legal compliance, business development, commercial growth strategies, financial modelling, investor readiness among others.
Access to our exclusive network of continental ecosystem partners, toolkits and tech events.
Customized training on how startups can contribute to legal-tech policy in their country and access to a vibrant policy engagement forum.
Business coaching and mentorship suited to your startup needs.
Training Program Features
The 12-week virtual training program of the Africa Startup Law Accelerator focuses on the following among others:
- Business Structuring & Legal Compliance: How to structure your business to avoid legal risks and to achieve legal compliance in the sector your startup operates in.
- Product Development: How to refine your product using human-centered design to improve the user experience.
- Commercial Strategy: How to identify the market opportunity, navigate operational bottlenecks, create growth strategies and explore new business models & revenue streams.
- Marketing & Branding: How to define your target audience, create marketing goals & strategies, digital marketing and build a brand.
- Business Development, Sales & Partnership Building: How to build sales strategies, how to build and manage partnerships, business presentation and negotiation skills.
- Financial Modelling & Analysis: How to prepare financial statements, build financial models, forecasting, revenue assumptions and analyze financial outcomes.
- Investor Readiness & Fundraising: How to prepare investor decks, storytelling, understanding the different types of funding, and the basics of valuation calculation.
Upon completion of the accelerator program, it is expected that the selected startups will achieve:
- An increased customer base that should translate to increased revenues
- An improved user experience of their product.
- An increase in operational efficiency in their business.
- Formal registration, incorporation and legal compliance of their business.
- Acquired network of potential suppliers and customers.
- Built relationships with investors.
- Developed a database of international business contacts.
- Enjoyed continental and international exposure and visibility.
- Built a presence in all major digital channels, especially on social media (Facebook, Twitter, LinkedIn).
We are looking for early and growth-stage ventures meeting the following criteria:
- The startup provides legal-tech solutions that enhance legal practice for legal practitioners or enhance access to justice and legal services for ordinary citizens and small businesses in Africa.
- The startup has a working solutionwith traction that provides evidence for the potential for the product to be a fit for its market.
- The startup has a strong team with complementary skills and shared vision, driven by making impact, and led by inspiring founder(s).
- The startup has a strong sustainability and revenue model that shows potential and evidence for the startup to become financially sustainable within a reasonable timeframe, whether a non-profit or for-profit.
- The startup has ambition and sound plans to scale into different markets beyond the immediate target market (depending on how far along the startup is in its growth journey).
- The startup operates in East Africa, West Africa, South Africa or North Africa.