">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Wednesday, January 20, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

Somali Accelerator Graduates Receive $15,000 Investment at Hargeisa Demo Day

Shera by Shera
4 years ago
in Startups
4 min read
0

Innovate Ventures, the first Somali tech startup accelerator launched in partnership with VC4A, Telesom and the Work in Progress! Alliance, had their first cohort of 11 startups from Somaliland and Somalia graduate from their program.

The Innovate Accelerator is a 10-week programme intended to support and fund the next generation of digital Somali startups. Mentorship and training was provided by domain experts and entrepreneurs and the 4 startups from the Innovate Accelerator received $15,000 in investment from Innovate Ventures Fund.

Overwhelming Interest

From the outset it was anticipated that the program would be well-received and there would be a decent interest and at least 50 applicants to the program at the ideation stage. Once launched, the interest for the program was overwhelming, with over 180 applications submitted by the end. The workshops and info sessions organized by Innovate Ventures and VC4A in July as part of the roadshow to promote the program and recruit the startups received a huge turnout by the Somali community.

“This was our most successful roadshow to date”, comments Alina Vinogradova, Partnerships Lead of VC4A and the ‘Work in Progress!’ Project Manager. “Somali market is new for us and this was clearly a successful pilot. The interest for the program and the number of applications exceeded all our expectations”, she said.

The accelerator programme reached almost 250,000 people via SMS, billboards and online advertising. It was broadcast on several Somali TV channels (HCTV, Somaliland TV) and the news which reached over a million Somalis in Somaliland, Somalia and the UK and US.

READ  Hyped up Gumzo allows its users to record & broadcast their video calls via YouTube Live.

Demo Day

The Demo Day was the culmination of a 6-month programme to find startups who could create value, jobs and had the potential to scale. The event was well attended by the media, entrepreneurs and investors. Each team pitched their startup to a panel of judges from experts and entrepreneurs.

This year first place went to Guriyagleel, an online property rental startup, and MuraadSo, an e-Commerce startup, who both received $5,000 in seed investment. Other winners on the day included SomSite and Hargeisa Daily Media who received $3,000 and $2,000 respectively.

Related posts

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021
0

Ghana’s Zeepay raises $940 000 seed capital from GOODsoil VC for expansion

January 20, 2021
0

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0
Readers 970

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Shera

Shera

Related Posts

Startups

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021
0
Startups

Ghana’s Zeepay raises $940 000 seed capital from GOODsoil VC for expansion

January 20, 2021
0
Education

Nigeria’s uLesson raises $7.5m series A for expansion into Eastern & Southern Africa

January 19, 2021
0
Startups

This VC firm is Calling for Changes to Cut-and-paste VC Strategy In Africa

January 18, 2021
0
Startups

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

January 18, 2021
0
Startups

Copia Kenya hosts MIT Global Entrepreneurship Lab project 

January 18, 2021
0
Entrepreneurship

Adam Molai’s JUA Kickstarter Fund Doubles to $2M to Kickstart African Entrepreneurship

January 15, 2021
0
Startups

Nigeria’s TeamApt pivots to serve consumers, eyes expansion into West & North Africa

January 14, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Cheerful young businessman in round spectacles and formal wear, checks newsfeed on modern smart phone, connected to wireless internet, has happy look as recieves positive news from colleagues

TransUnion partners SA’s financial marketplace, Fincheck, to make the credit application process easier and less frustrating

January 20, 2021

Sophos Named Common Vulnerability and Exposure Numbering Authority 

January 20, 2021

Safaricom Will Allegedly Allow The National Intelligence To Illegally Forward Your Calls

January 20, 2021

Autochek opens Accra office to bolster its customer acquisition efforts

January 20, 2021

List Of Kenyan Betting Apps You Can Use

January 20, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: