Startupbootcamp AfriTech, the main accelerator program centered on nurturing African startups, is thrilled to announce the opening of purposes for Cohort 4 of its extremely profitable ASIP accelerator program. This system presents an distinctive alternative for early-stage startups in Africa to supercharge their progress and achieve invaluable trade insights, mentorship, and entry to a world community of traders and company companions.
Africa is experiencing an unprecedented surge in technological innovation, as a wave of dynamic and bold tech startups are rising throughout the continent. From bustling metropolises to distant rural communities, these startups are harnessing the ability of expertise to resolve advanced challenges and drive financial progress in various sectors.
Since its inception, Startupbootcamp AfriTech has performed a pivotal function in empowering African entrepreneurs and driving innovation throughout varied industries. With a confirmed observe report of success, this system has supported 60 startups since 2017.
“Earlier this 12 months, we witnessed historical past within the making as startups from our ASIP Accelerator obtained on stage to demo their improvements and traction to the world,” says Program Director Henry Ojuor. “With $4.5m price of fundraising discussions and tens of company pilots throughout the cohort, we’re again on the highway searching for the subsequent set of revolutionary entrepreneurs for ASIP Accelerator cohort 4.”
“Amidst the colourful rhythm of Africa’s untapped potential, we’ll be crisscrossing the complete continent in search of to scout, talent, and scale the highest promising innovators. We’re excited and looking out ahead to assembly you and may’t wait to assist launch you into the moon!” he added
The ASIP Program is supported by companions comparable to DER/FJ, the Dutch Entrepreneurial Growth Financial institution (FMO), by means of MASSIF, the monetary inclusion fund FMO manages on behalf of the Dutch authorities, AWS, Google for Startups, and Firebase. ASIP goals to help the subsequent technology of early-stage African tech startups disrupting key trade verticals. With an ever-expanding pool of entrepreneurial expertise, supportive ecosystems, and growing entry to capital, Africa has turn out to be a hotbed for innovation and a fertile floor for startups to flourish.
“As a catalyst for the ecosystem, DER/FJ is dedicated to accompanying and supporting these promising start-ups,” says the Basic Delegate for Entrepreneurship – DER/FJ, Mame Aby Seye. “We firmly consider of their means to remodel industries, create added worth, and contribute to Senegal’s financial progress. We’re placing our sources, experience, and community at their disposal to assist them obtain their targets.”
One other notable accomplice FMO invests in inclusive enterprise fashions and gives the experience that startups want to enhance their enterprise operations whereas additionally offering broader help to facilitate a vibrant start-up setting within the areas the place this system invests.
Talking on this, FMO Partnerships for Affect Senior Affiliate Esther Njoroge mentioned, “Following the success of the entrepreneurs in Cohort 3, we’re excited to as soon as once more accomplice with Startupbootcamp on Cohort 4 of the ASIP Accelerator and stay up for following the progress of the taking part startups. The revolutionary and transformational enterprise fashions this program helps assist construct a extra strong entrepreneurial ecosystem throughout the African continent in important industries.”
This system is open to startups in varied sectors, together with however not restricted to FinTech, InsureTech, AgriTech, Local weather-tech, eCommerce, Digital Well being, Inexperienced-Tech, Mobility, digitizing the casual financial system, and empowering artisans. The choice course of will concentrate on startups with a minimal viable product (MVP), demonstrated market traction, and a robust founding workforce.
As soon as chosen, individuals will spend 3 months present process intensive teaching by means of expert-led masterclasses overlaying scaling fundamentals -from the enterprise mannequin canvas, and lean methodology, to fundraising. This system will happen in Senegal, culminating in a Demo Day the place startup founders pitch their disruptive options to a broad viewers of media, traders, company companions, and trade stakeholders.
Startups chosen for the accelerator program will profit from a complete and tailor-made help system, together with:
- Skilled Mentorship: Entry to a world community of trade consultants, seasoned entrepreneurs, and traders who will present steerage and help in key areas comparable to enterprise technique, market enlargement, and fundraising.
- Business Connections: Alternatives to attach with main firms and potential companions inside the program’s in depth community. These connections can result in invaluable collaborations, pilot initiatives, and distribution alternatives.
- Funding Alternatives: Entry to investor networks and the prospect to safe funding in the course of the investor Demo Day, the place startups can showcase their progress and pitch to a room crammed with potential traders.
- Intensive Sources: Unique entry to entry to Startupbootcamp’s tailor-made teaching device, the Accelerator Squared platform which has a full library of content material, group workshops, 1:1 mentoring, collaborative classes with Entrepreneurs in Residence, and invite-only dialogue boards with founders from across the globe. The ten startups in this system may also obtain advantages valued at greater than $750,000, together with credit from AWS, Google Cloud Companies, and plenty of extra. SBC additionally invests $18,000 in money.
- Alumni Community: Integration into the colourful Startupbootcamp AfriTech alumni group, offering ongoing help, knowledge-sharing, and collaboration alternatives even after finishing this system.
SBC Afritech will host FastTrack scouting occasions in international locations that embody Ivory Coast, Nigeria, Ghana, Kenya, Ethiopia, South Africa, Senegal, Uganda, Morocco, Cameroon, Tanzania, Rwanda, and Egypt
Key Dates:
- Software Deadline: 8 September 2023
- Last Choice Days: 18 October 2023
- Cohort 4 Begin Date: 13 November 2023
To use and study extra in regards to the Startupbootcamp AfriTech Accelerator Program, go to sbcafritech.com
Functions can be accepted till 11:59 GMT on 8 September 2023
Comply with Startupbootcamp AfriTech on LinkedIn, Twitter, Fb, and Instagram for updates and insights.
About Startupbootcamp AfriTech
Startupbootcamp AfriTech was launched in 2017 as the primary multi-corporate-backed pan-African startup accelerator. We run world-class accelerator packages, working with a number of the most disruptive startups on the continent. We offer entry to our international community of company companions, traders, and mentors. The SBC AfriTech portfolio at the moment has 60 African startups spanning 13 international locations and working in sectors that embody FinTech, InsureTech, Logistics, Mobility, AgriTech, and Digital Well being.
With our help, 95% of SBC AfriTech alumni are nonetheless operational 2+ years after this system, they usually have an combination valuation of almost $1 Billion, and 22% have feminine co-founders.
For extra info go to: http://bit.ly/sbcafritech
About Der/FJ
Der/FJ is an establishment underneath the authority of the Presidency of the Republic of Senegal and it was launched by President Macky Sall in 2018 so as to help entrepreneurs all through Senegal. This help is given by means of each monetary and non-financial companies, with an emphasis on sectors that embody expertise and innovation, therefore the creation of the D-hub incubator. For extra details about DER/FJ go to https://der.sn/
About FMO
FMO is the Dutch Entrepreneurial Growth Financial institution. As a number one impression investor, FMO helps sustainable personal sector progress in creating international locations and rising markets by investing in bold initiatives and entrepreneurs. FMO believes {that a} sturdy personal sector results in financial and social growth and has a near 50-year confirmed observe report of empowering folks to make use of their abilities and enhance their high quality of life. FMO focuses on three sectors which have a excessive growth impression: monetary establishments, vitality, and agribusiness, meals & water. With a dedicated portfolio of EUR 9.3 billion spanning over 85 international locations, FMO is without doubt one of the bigger bilateral personal sector growth banks globally. For extra info: please go to www.fmo.nl
