440.ng Opens Applications for the 2014 Lagos Accelerator Program

440ltdA new venture capital fund, 440.ng, has opened applications for its 2014 Lagos accelerator program.

Here’s the FAQ

The fund is a partnership between venture capital firms, 88mph and L5Lab, to bring early stage funding and the accelerator model to Nigeria. Having raised $1.5 million, the fund has begun screening startups for investment.

The 440 model, innovated by the Y – combinator in 2005, invests small amounts – such as $20,000 to $110,000 – in about 10 startups at a time. These startups are enrolled in a 3-month intensive program designed to rapidly accelerate the start-ups’ product development, revenue generation, and customer acquisition.

Startups are also connected to mentors, investors, partners such as Google for entrepreneurs, and key clients that may increase their chances of success.

Apply Here