Easy Blue Energy, a South Africa-based energy startup, has been selected to join the third generation of The S Factory, a pre-acceleration program aimed at supporting first time female entrepreneurs in building high impact startups.
Easy Blue Energy develops bio-gas equipment for small to medium scale bio-gas producers to allow for this renewable energy source to be easily distributed and accessible.
Easy Blue, alongside 29 other startups, will receive about US$15,000 equity-free funding and a 12 months working visa to Chile to be a part of the 3-month acceleration program.
During this period, the startup will receive intense training from experienced entrepreneurs and mentors on a weekly basis which will help it validate its idea, build an MVP and become investment-ready.
Also, the startup will help in the social impact of entrepreneurship through sharing experiences and knowledge with other startups both within and outside the program in order to grow the women entrepreneurs’ network in Chile.
The program ends with a Demo Day, where Easy Blue’s founder(s) will pitch the startup to the rest of the community, along with leading angel investors and accelerators for further funding and whatnot.
“The 30 new female entrepreneurs selected for this generation are particularly high-rated in terms of the quality of their concept stage ideas and in terms of their educational background, many studied at universities such as Cambridge, Duke and Georgia Institute of Technology, so we know they have a lot to contribute to the rest of the group,” said Patricia Hansen, Executive Director of The S Factory.
At the end of the program, Easy Blue will have a chance to apply to Start-Up Chile, a program that attracts high-potential entrepreneurs to bootstrap their startups in Chile where US$35,000 will be on offer.
Also, it can apply to follow-on fund SCALE, which provides US$100,000 to revenue-generating startups that have significant traction and need extra capital to grow in Chile and across the rest of Latin America.
The program will commence on June 20, 2016 and run for 12 weeks. The next application process into the program will commence on July 4, 2016.
Nigeria’s online training marketplace, Beavly was selected to join the 16th Generation of Start-Up Chile by virtue of its participation in the second generation of The S Factory, where it placed third – together with Skrife – after Pitch Finale.
The S Factory is an initiative of the Government of Chile and StartUp Chile, a Santiago-based seed accelerator.