Startupbootcamp AfriTech, the accelerator program focused on nurturing African startups has opened applications for Cohort 4 of its highly successful ASIP accelerator program.
The ASIP Program is supported by partners such as DER/FJ, the Dutch Entrepreneurial Development Bank (FMO), through MASSIF, the financial inclusion fund FMO manages on behalf of the Dutch government, AWS, Google for Startups, and Firstbase. ASIP aims to support the next generation of early-stage African tech startups disrupting key industry verticals. With an ever-expanding pool of entrepreneurial talent, supportive ecosystems, and increasing access to capital, Africa has become a hotbed for innovation and a fertile ground for startups to flourish.
Since its inception, Startupbootcamp AfriTech has played a pivotal role in empowering African entrepreneurs and driving innovation across various industries. With a proven track record of success, the program has supported 60 startups since 2017.
“Earlier this year, we witnessed history in the making as startups from our ASIP Accelerator got on stage to demo their innovations and traction to the world,”says Program Director Henry Ojuor.
“With $4.5m worth of fundraise discussions and tens of corporate pilots across the cohort, we’re back on the road in search of the next set of innovative entrepreneurs for ASIP Accelerator cohort 4.”
“Amidst the vibrant rhythm of Africa’s untapped potential, we’ll be criss-crossing the entire continent seeking to scout, skill and scale the top promising innovators. We’re excited and looking forward to meeting you and can’t wait to help launch you into the moon!” he added
Another notable partner FMO invests in inclusive business models and provides the expertise that startups need to improve their business operations while also providing broader support to facilitate a vibrant start-up environment in the regions where the program invests.
Speaking on this, FMO Partnerships for Impact Senior Associate Esther Njoroge said, “Following the success of the entreprenuers in Cohort 3, we are excited to once again partner with Startupbootcamp on Cohort 4 of the ASIP Accelerator and look forward to following the progress of the participating startups. The innovative and transformational business models this program supports helps build a more robust entrepreneurial ecosystem across the African continent in critical industries.”
The program is open to startups in various sectors, including but not limited to FinTech, InsureTech, AgriTech, Climate-tech, eCommerce, Digital Health, Green-Tech, Mobility, digitizing the informal economy and empowering artisans. The selection process will focus on startupswith a minimum viable product (MVP), demonstrated market traction, and a strong founding team.
Once selected, participants will spend 3 months undergoing intensive coaching through expert-led masterclasses covering scaling fundamentals -from the business model canvas, and lean methodology, to fundraising. The program will take place in Senegal, culminating in a Demo Day where startup founders pitch their disruptive solutions to a broad audience of media, investors, corporate partners, and industry stakeholders.
Startups selected for the accelerator program will benefit from a comprehensive and tailored support system, including: Expert mentorsip, industry connections,funding opportunities,extensive resources 1:1 mentoring and Integration into the vibrant Startupbootcamp AfriTech alumni community,
SBC Afritech will host FastTrack scouting events in countries that include Ivory Coast, Nigeria, Ghana, Kenya, Ethiopia, South Africa, Senegal, Uganda, Morocco, Cameroon,Tanzania, Rwanda and EgyptKey Dates:
To apply and learn more about the Startupbootcamp AfriTech Accelerator Program, visit sbcafritech.com
Applications will be accepted until 11:59 GMT 8 September 2023