Uganda’s startup ecosystem is a story of grassroots resilience and community-driven innovation. With a youthful population and a strong culture of social enterprise, the country has produced inspiring companies despite facing significant challenges in infrastructure and funding. But as I’ve articulated in my The Accelerator Conundrum blog series, these homegrown ecosystems often fall into a trap: they adopt the traditional, equity-taking accelerator model that is ill-suited to their local context.
The prevailing mindset, unfortunately, is to “Blitzscale from the get-go.” This is a dangerous philosophy that prioritizes raising large sums of venture capital and growing at all costs. Traditional accelerators, such as those found in Kampala, are built to service this model. They take a slice of a company’s equity—often for a small cash infusion—and put founders through a fixed-term program that culminates in a demo day. The objective is clear: prepare the company for a future fundraising round, not for profitability. This approach is ill-suited for the vast majority of startups and is particularly risky in a market where follow-on funding is not guaranteed.
The only sustainable and proven alternative is to “Bootstrap first, raise money later.” This is the core of my methodology. It is a philosophy that empowers you to build a resilient business with customer money, not investor money. You achieve product-market fit, generate revenue, and prove your model. Only then do you consider raising capital, and you do so from a position of strength, not desperation. This is the only path to building a truly great, resilient company in an ecosystem that has relatively immature funding infrastructure.
For entrepreneurs in Uganda, 1Mby1M offers a direct and powerful solution to the shortcomings of the local ecosystem. While programs like The Innovation Village and Hive Colab offer valuable community and resources, they are all built on a model that is inherently limited.
Here’s a look at the local players for a clearer comparison.
Accelerator | Model | Equity | Duration | Focus | Geographic Scope |
1Mby1M | Global Virtual Accelerator | Non-Equity-Taking | Continuous | Revenue First, Sustainability | Global (fully virtual) |
The Innovation Village | Incubator/Hub | Undisclosed (Takes Equity) | Varies | Community, Funding | Uganda (physical) |
Hive Colab | Incubator/Hub | Undisclosed (Takes Equity) | Varies | Community, Coworking | Uganda (physical) |
Avoda Institute of Entrepreneurship | Accelerator | Undisclosed (Takes Equity) | Varies | Training, Mentoring | Uganda (physical) |
The table makes it clear. While physical hubs like The Innovation Village provide a valuable community and Hive Colab offers a physical space for collaboration, they all fall short in key areas. For Uganda to truly scale its startup ecosystem, it needs to move beyond a model that is inherently limited by geography, a lack of consistent, long-term mentorship, and a focus on fundraising. 1Mby1M is the ideal partner, providing a new way of thinking and a global platform that will empower the next generation of Ugandan entrepreneurs to build resilient, profitable businesses.
Photo Credit: David Peterson from Pixabay
This segment is a part in the series : Startup Africa