Nailab calls for applications for seed capital

In Innovation, Startup

Nailab Seed Limited (NSL) an angel fund founded by Nailab is calling for applications for seed stage capital.

The fund will invest in East African startups that make a smart use of technology. The investment will be a convertible note of up to KES 2.5M, with a maturity of 24 months and a 6-month grace period. The startups to be funded will have to meet the criteria below:

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  • Product validation/proof of concept should be in place.
  • Your team should consists of driven and committed entrepreneurs.
  • Your product is highly scalable.
  • The idea should be technologically driven
  • The business should be duly registered and operational in Kenya
  • Idea/product should demonstrate a clear social or economic Idea/product should be ready to launch within six months
  • The startup should have an innovative product or service.

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The investment will be geared towards accelerating the startups growth to realize more economic returns.

 

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