Spring Fellowship accelerator to invest $15k into early stage African startups

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African startups are urged to apply to the 2019 Spring Fellowship, a 4-month acceleration program in Abidjan, Côte d’Ivoire in a move that will see them join a network of world-class experts, corporates and investors and get a seed ticket of $15,000 if selected for the program and $45,000 in perks and discounts.

The Spring Fellowship is a 4-month accelerator program backed by global corporate leaders, and created by Kinaya Ventures and will hold in Abidjan. The programme is open to 8 African startups in AgTech, FoodTech, MarTech/AdTech, RetailTech.

Spring Fellowship is open to Africa-based early to growth-stage startups with at least a Minimum Viable Product (MVP), and a minimum traction to apply. Despite their capacity to develop disruptive solutions, products, services, 80% of African startups fail to succeed in their first year of existence because of inadequacy between their solutions and prospective clients’ needs; the lack of financing and the absence of depth of market.

Kinaya Ventures, a Dakar / Abidjan based innovation and investment platform co-founded by two inspiring African entrepreneurs Laïssa Mouen and Eva Sow Ebion, aims to connect the dots between startups, corporates and investors and upskill entrepreneurs and help them scale.

Kinaya Ventures’ ambition is to act as a digital ecosystem enabler in Francophone Africa and beyond. Kinaya is holding Innovation Challenges as the entry door to the Spring Fellowship accelerator program.

Nairobi startups are urged to attend the challenge today.