Meltwater Entrepreneurial School of Technology, also know as MEST, has extended it recruitment drive to South Africa. This is the first time in the school’s history.
This means that the 2016 cohort will include people from Ghana, Kenya, Nigeria and now South Africa. And applications are now being accepted for those who wish to take part in the 1 year intensive training program and launch their own software company, with potential for seed investment opportunities
Training Program: Admitted applicants receive a full scholarship to a one-year entrepreneurial training program that blends an MBA-type education with hands-on training in software development. During the program, students form into teams, develop a product, write business plans, and craft their investor pitches. The strongest and most promising concepts receive between $50,000 to $250,000 USD in equity investment, to support the launch of these new businesses.
Incubator: Teams that receive investment then start their journey at the MEST Incubator, where they receive continued hands-on support as they launch and grow their businesses. To date, the MEST Incubator has invested in over 25 companies and backed more than 75 co-founders. These companies have developed solutions addressing global markets, created jobs and wealth locally, received outside follow-on funding from global investors, and have gained admittance to top accelerator programs such as 500 Startups and TechStars.
With expansion into South Africa, this will mark the fourth country in Africa where MEST has a foothold in the African tech ecosystem. “2014 was the first year that MEST recruited outside of Ghana, due to our sponsorship from Interswitch in Nigeria,” says Katie Sarro, Managing Director, MEST. “We’ve found the diversification of students in Ghana, Kenya and Nigeria exponentially increase the business ideas that come from the training program. With the addition of South Africa, we look forward to fostering even more talent.” Selected Entrepreneurs-in-Training (EITs) will receive:
- A year-long, fully sponsored training program in Accra starting September 2016
- Hands on training in software development and entrepreneurship
- Potential for seed funding at the end of the program
- Housing, monthly stipend, tuition and meals covered by MEST during the one-year training program
Apply online as an entrepreneur here. Applications close May 20, 2016.
