Friday, April 23, 2021
TechMoran
  • 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
  • Classifieds
No Result
View All Result
TechMoran
">
Home Startups

The Katapult Accelerator invests $450,000 into Kenya’s FinAccess, Egypt’s PraxiLabs & Tunisia’s Think.iT

Milcah Lukhanyu by Milcah Lukhanyu
3 years ago
in Startups
13 min read
0

Related posts

zoom

Zoom Announces $100 Million Zoom Apps Fund for Developers to Build on its API

April 22, 2021
0

Music streaming service Audiomack partners MTN to bring music to over 76 million subscribers at Zero Data Cost

April 22, 2021
0

Drone Space Receives Certification for Commercial Drone Operations in Kenya

April 22, 2021
0

Revix, a Cape Town-based cryptocurrency investment platform raises $4.1 million for rapid global growth

April 22, 2021
0

OKO raises $1.2 million to expand its offerings to more African markets, starting with Ivory Coast

April 22, 2021
0

Nigeria’s Klasha & SA’s Akiba Digital to Receive $200,000 from Expert DOJO International Accelerator program

April 21, 2021
0

Kenya’s FinAccess, a cloud-based core banking system, Egypt’s PraxiLabs which makes low-immersion virtual reality science labs for schools and Tunisia’s Think.iT which helps companies build top-performing engineering have each received $150,000 from Katapult Accelerator’s latest three-month accelerator program.

The three among the 12 selected, impact-focused, startups which aim to solve some of the world’s environmental or societal problems with the support of the accelerator’s core team alongside their network of 120+ international mentors.

From August to November 2018, each of the 12 startups will partake in a dynamic, hands-on program to help scale their business and increase their impact. KA provides a network of global investors and partnerships that can boost the startups into their next phase of development, specific to their growing needs.The Katapult Accelerator Fund invests up to USD 150,000 in each startup for an equity stake.

“After reviewing candidates from 107 countries, we were humbled with the interest from companies globally who were keen to join our program. We had the chance to select our third batch from over 1500 companies and we’re excited to welcome the third cohort on this journey. We provide the startups, whose focus is to drive global positive change with the use of exponential technologies, an environment of opportunities and an ecosystem to enhance their business model and scale. Our goal for each company is to prepare them for their next investment round, so that they achieve two to three times their original valuation, a track record we aim to keep,” says Haakon Brunell, Managing Partner and Co-Founder of Katapult Accelerator.

READ  88MPH To Rebrand In June.

This group will be the third batch to participate in the accelerator program since its inception in the fall of 2017. Of the 12 startups that participated in the first batch, 10 of them received offers for additional funding.

At the end of the program, the startups will have refined their vision, strategy, impact orientation, technology application, growth marketing and business model. A unique element in the Katapult Accelerator is the focus on team ‘body and brain’ improvement, to further enable the startups to build on their greatest asset; their mission-driven team.

The 12 startups selected represent 11 countries from around the world from varied fields and backgrounds.

Bio-Me (Norway)

Bio-Me AS is a Norwegian-based biotech company and the culmination of 20 years of research on the best ways to detect various bacteria in communities.

EcoG (Germany)

EcoG solves the monetisation and integration problem of electric vehicle (EV) charging infrastructure with a software-only solution.

Esusu (US)

Esusu is making it easier for marginalized communities to build up their savings, access larger sums of capital, and boost their credit scores through a suite of fintech services designed to promote financial resiliency.

Farmforce (Norway)

Farmforce is a Software-as-a-Service solution that simplifies the management of smallholder farmers, increases traceability and enables access to formal markets.

FinAccess (Kenya)

FinAccess is a cloud-based core banking system that aims to provide MFIs with an end to end process automation that reduces costs, is easy to configure, improves efficiency and enables MFIs to scale especially for rural populations.

PraxiLabs (Egypt)

PraxiLabs makes low-immersion virtual reality science labs that are accessible, usable, and affordable for educational institutions and schools.

READ  Safaricom & Microsoft Launch Mobile Operator Billing for Windows Phone Apps

Pro-Drone (Portugal)

Pro-Drone is implementing autonomous flight control algorithms to enable distance control and precise environmental awareness to UAVs, allowing them to carry out much more robust, safe and cost-efficient inspections.

SiMBi (Canada)

SiMBi helps people FALL IN LOVE with Reading. We are the only reading technology that motivate its users to read out loud (ROL) understanding that their voices are teaching people around the world through reading while listening (RWL).

Sp8ces (Denmark)

Built on a sharing economy model, Sp8ces is enabling the future of work by augmenting a network of physical work clubs with a platform for entrepreneurs, startups, creative minds and innovative corporates to work, meet, learn and collaborate.

Think.iT (Tunisia)

Think.iT helps companies build top-performing engineering teams by investing in North Africa’s future technology leaders.

Virtue (UK)

Virtue is an immersive tech company developing VR/AR solutions for improving health and wellness. Its first solution is an award-winning VR platform to enhance emotional wellbeing and quality of life for people with dementia through immersive Reminiscence Therapy.

WeFitter (Spain)

WeFitter is a mobile health data-driven solution that helps companies improve business performance and reduce healthcare costs by motivating employees to commit to a more active lifestyle.

 

Readers 5,183

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

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]

Related Posts

zoom
Business

Zoom Announces $100 Million Zoom Apps Fund for Developers to Build on its API

April 22, 2021
0
Music

Music streaming service Audiomack partners MTN to bring music to over 76 million subscribers at Zero Data Cost

April 22, 2021
0
Business

Drone Space Receives Certification for Commercial Drone Operations in Kenya

April 22, 2021
0
cryptocurrencies

Revix, a Cape Town-based cryptocurrency investment platform raises $4.1 million for rapid global growth

April 22, 2021
0
Startups

OKO raises $1.2 million to expand its offerings to more African markets, starting with Ivory Coast

April 22, 2021
0
Startups

Nigeria’s Klasha & SA’s Akiba Digital to Receive $200,000 from Expert DOJO International Accelerator program

April 21, 2021
0
Startups

UNDP vets 4 African startups for transforming access to health, energy & waste management

April 21, 2021
0
Startups

Worldpay Partners Flutterwave to Expand Processing Services into South Africa & Nigeria

April 21, 2021
0
Startups

Okra raises $3.5M to expand its data infrastructure across Nigeria.

April 21, 2021
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Samsung Galaxy Book Go: Videos Surface Ahead of Launch & Windows 10 on ARM finally affordable.

April 23, 2021

Vivo X60 Pro: unique Gimbal, but to be fine-tuned

April 23, 2021
apple store

Russian Hacker Has Given Apple Until May 1st To Pay $50 Million As They Have Access To The Future Product Schematics

April 23, 2021

YouTube Rolls Out A New Feature Which Will Make It Easier For Creators To Change Their Names

April 23, 2021

Microsoft Has Opened Up Its Online Multiplayer Service For XBox Player

April 23, 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
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
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: