Ten African startups have been chosen to participate in the fourth edition of StartupBootCamp Afritech Accelerator Programme, obtaining:
- $18,000 in funding
- 3 months of mentorship
- Access to resources
- Networking opportunities
DRUMROLL PLEASE 🥁🥁
We have selected the 10 startups joining us for Cohort 4 of the ASIP Accelerator Program!!!
We are ready to accelerate disruption through intensive training and workshops. Congratulations to pic.twitter.com/5vhik80Gr3
— SBCAfriTech (@SBCAfriTech) October 23, 2023
StartupBootCamp Afritech is a leading accelerator focused on high-growth startups in:
- Blockchain
- Connected devices
- Payment solutions
- Capital markets and asset management
- Integrated supply chain
- e-Commerce
- Retailtech
- Insurtech
- Alternative financing
- Identity management
- Digital connectivity
- Data and behavioral analytics
- Enabling technologies
The selection process for the upcoming cohort followed a 3-day selection event that was attended by nearly 40 mentors, investors, partners and industry experts.
Below are the selected ventures:
- 10mg Pharma, a Nigerian startup which employs an AI algorithm to pair healthcare providers with financing partners.
- Betapawa Solutions, also from Nigeria offers an innovative solar-powered banking solution
- Edusko, a Nigerian web-based, one-stop platform that matches kids with the right K-12 private schools
- Nigerian end-to-end logistics platform Messenger
- Lastly from Nigeria is SaaS-based hospital automation platform Primed EHealth
- Ivory Coast’s Babimo, which provides a professional digital wallet to its B2B clientele
- Senegal’s Kori Tech, which has developed KORIPASS, an e-wallet linked to physical payment accessories like bracelets, stickers, or keychains
- Tanzania’s LyfPlus, a telemedicine platform
- Uganda’s Munakyalo Agrofresh, which provides solar-powered cold storage preservation units known as COLD HIVES to smallholder farmers and market vendors
- Egypt’s Ostafandy, which allows homeowners and construction professionals to estimate and finish building projects
“AI emerged as one of the top sectors in our application pool. Also, 26 per cent of all the startups that applied are in the growth stage. Major positive signals for the African tech ecosystem,” said Programme Director, Henry Ojuor.
The funding for this edition of the ASIP Accelerator Programme came from significant partners, most notably:
- The Senegalese government through DER/FJ and the Dutch entrepreneurial development bank (FMO) through MASSIF
- The financial inclusion fund managed by FMO on behalf of the Dutch government
Additional partners included:
- Telecel
- AWS
- Google for Startups
- Firstbase
The program is set to be held in Dakar, Senegal, with startups being accommodated at the D-Hub, an innovation campus established by DER/FJ.
The program will conclude with a demo day scheduled for February 8, 2024.
The StartupBootCamp Afritech Accelerator Programme portfolio includes notable startups such as:
- Appruve Inclusive
- Neural Labs
- House Africa (Web3)
- Chekkit
- Curacel
- Kuda Bank
- Pago
- Akiba Digital
- DusuPay
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