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Merck Accelerator to invest $ 30,000 into digital health startups in Nairobi

Milcah Lukhanyu by Milcah Lukhanyu
4 years ago
in Startups
5 min read
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Merck accelerator has opened applications for the next round of its accelerator programs in Darmstadt, Germany, and Nairobi, Kenya and seeking young startups with a digital approach in the fields of healthcare, life science and performance materials.

In addition to that, Merck has doubled the amount it is providing the start-ups in the Nairobi accelerator program. Instead of US$ 15,000, the three selected start-ups will now receive up to US$ 30,000 in financial assistance.

According to Michael Gamber, Head of the Merck Innovation Center, “Due to the dynamic nature of the digital health market in Nairobi, we decided to invest more in the start-ups here and to link them up with a more global community. We also recognize that many start-ups here on the African continent need financial support of a certain level in order to give them the opportunity to push their ideas forward.”

In this upcoming intake, the Nairobi program is implementing some new changes. Merc has raised its investments from US$ 15,000 to up to US$ 30,000 and will house them at, Metta Nairobi. The teams can also extend their acceleration period via a month-long residence in Silicon Valley. 

Owing to the number of highly qualified applications of the last intake, Merck says it has decided to expand its Nairobi program. The start-ups now are going to be housed in Metta Nairobi, where the teams will have the opportunity to be part of a more international environment. Metta will provide both a working space and also networking opportunities and events within its global community of entrepreneurs and innovators.
The programs in both Darmstadt and Nairobi will start on March 6, 2017, and will end on May 24, 2017. The application period will run from October 17 through December 19, 2016, via the accelerator website.
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Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

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