BimaLab Innovation Accelerator opens applications to support Kenyan InsurTech startups

KENYA – BimaLab, an initiative of FSD Africa, the Insurance Regulatory Authority of Kenya, and Tellistic Technology Services has opened applications for its second cohort into its KES 5.3 million (approximately US$50,000) InsurTech accelerator program. The BimaLab  2 accelerator program is open to 12 innovators who will benefit from a ten-week program that will provide them with expertise, resources, and support to develop and scale market-ready solutions following BimaLab I, a  successful pilot ran in collaboration with the Insurance Regulatory Authority of Kenya (IRA Kenya), the UK-Kenya Tech Hub, the UK…

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Startupbootcamp AfriTech, Telecel accelerator program picks 10 startups for 2021 cohort

AFRICA – Ten startups from across Africa have been picked to take part in the Africa Startup Initiative Programme (ASIP) run by Startupbootcamp AfriTech in partnership with mobile operator Telecel. Startupbootcamp AfriTech was launched in 2017 as the first multi corporate-backed pan-African startup accelerator and for its latest programme, it has partnered with telecoms firm Telecel Group to launch ASIP aims to support young startups with innovative ideas that are creating a difference in their communities.  More than 2,200 applications were received for the programme, which have now been narrowed down to a top 10…

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Asset manager 27four launches managed by women for women in fund management accelerator

SOUTH AFRICA – Asset manager 27four Investment Managers has launched 27four Women, an accelerator managed by women for women that will focus on accelerating the trajectory for achieving both transformation and gender parity goals in South African asset management. The women-led accelerator will provide qualifying women fund managers with access to assets under management, and operational and compliance infrastructure to allow the managers to build track record and develop skills around industry best practice and capacity building. Investors will now have access to more women managed funds to consider and,…

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Kenya unveils business acceleration program Startup Savanna for early-stage entrepreneurs

KENYA – The government of Kenya through the Ministry of Industrialization, Trade and Enterprise Development, has launched Start-up Savanna, an international business acceleration program that will link Kenyan startups to global angel investor and business support resource networks.  The program opens a platform where local startups can be facilitated to access a global network of events, accelerators and incubators, mentors, investors, and corporate partners which in the end will attract much-needed technical expertise and funds to enable them to scale their operations within and beyond Kenya. Betty Maina, Cabinet Secretary for…

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Accelerator program Startup Wise Guys launches in Africa

NAMIBIA – B2B startup accelerators Startup Wise Guys has launched in Africa with its firs programme in Namibia which has been jointly organised by Startup Namibia and Key2Investors. According to reports, Startup Wise Guys plans to launch an additional four programmes in Africa by 2022 with a strong focus on East and West Africa. Cristobal Alonso, Global CEO at Startup Wise Guys comments on the launch of the enterprise’s programmes in Africa. “The pandemic forced us to go digital with our programmes and we saw an incredible number of African…

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ASIP Accelerator picks two iconic women to its advisory board to help scale Africa’s best startups

AFRICA – Telecel Group’s Africa Startup Initiative Program (ASIP) Accelerator powered by Startupbootcamp AfriTech has announced the creation of an industry advisory board to attract highly regarded executives with a passion for supporting African startups.  The founding members of the board are two accomplished female leaders who bring 55 years of combined experience – Eleanor Azar and Dale Mathias have been appointed as Director and Advisor to the Board respectively. ASIP offers several programs to support earlier stage African startups whose innovative ideas are making a profound difference in their…

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Investment platform Pangea Accelerator’s 2021 Scale-Up Program to invest up to US$3m in East African start-ups

EAST AFRICA – Investment platform Pangea Accelerator, has launched a scale-up program to support start-ups and grow them from seed to series A to enable more African entrepreneurs to gain access to the capital they need to accelerate their enterprises. The investment platform will invest between US$0.5 million to US$3 million into East African start-ups as only 6% of local founders have raised over US$1m compared to start-ups founded by expatriates.  Pangea Accelerator aims to help bridge the gap between entrepreneurs and investors and provide them with the skills they need…

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Japan’s NINJA Accelerator in Kenya picks 5 startups for its first cohort

KENYA – Five Kenyan startups have been picked by the Japan International Cooperation Agency and other partners to receive customised international mentoring, expertise, coaching, and investor relations in readiness for a Demo Day. The “NINJA Accelerator in Kenya”, powered by the Japan International Cooperation Agency (JICA), in partnership with Double Feather Partners (DFP), Deloitte Tohmatsu Venture Support (DTVS), Deloitte Tohmatsu Financial Advisory (DTFA) and GrowthAfrica, has selected the five high-potential Kenyan ventures for its first cohort that takes place over the course of three months with a Demo Day scheduled…

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Two African fintech startups to receive US$200,000 from Expert DOJO International Accelerator program

AFRICA – Nigeria’s Klasha and South Africa’s Akiba Digital, both of which are fintech startups, have been accepted into Expert DOJO International Accelerator program, a Southern California-based accelerator. The accelerator program invests US$100,000 into each of its startups and helps them scale up and gain traction for their businesses. Klasha and Akiba Digital will join Expert Dojo’s Spring 2021 cohort for their International Accelerator program. Klasha is an online universal checkout that allows international retailers to accept online payments in African currencies and is expected to reach US$4.5 million in…

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HiiL opens applications for Justice Accelerator for Southern Africa startups

SOUTHERN AFRICA – The Hague Institute for Innovation of Law (HiiL) is calling on all game-changing justice startups that want to grow their social impact and business to participate in this year’s HiiL Innovating Justice Challenge. Successful applicants will earn a place in the prestigious international HiiL Justice Accelerator programme, along with US$11,771 in funding and a package of tailored local support. The programme is searching for promising startups and social enterprises who are solving a pressing justice problem in a way that is high impact and sustainable.  Themba Mahleka, co-head of the…

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