Kyanda Africa, three Nigerian startups have gained recognition alongside seven others in the third cohort of the Africa Startup Initiative program an accelerator program by Startupbootcamp Afritech and leading telecom giant Telecel Group.
The program will take place in Dakar, Senegal, and startups will be hosted at the D-hub, – a space commissioned by DER/FJ. The participants of this program will undergo intensive coaching and support training for three months. The core purpose of this training is for their growth to be monitored and accelerated with benefits worth $750,000.
The 11 startups from countries such as Nigeria, Kenya, Ghana, Mali, Cote d’Ivoire, Senegal, and Morocco, will also have access to the global Accelerator Squared platform, which has a complete library of content, group workshops, 1:1 mentoring, collaborative sessions with Entrepreneurs in Residence, and invite-only discussion forums with founders from around the globe.
The Africa Startup Initiative Program (ASIP) has an objective, which is to support the next generation of early-stage African tech startups disrupting key industry verticals, including FinTech, InsureTech, AgriTech, Climate-tech, eCommerce, Digital Health, and CleanTech, Mobility, Micro-leasing, and digitizing the informal economy.
The selected startups are Kyanda Africa, a fintech from Kenya, PharmaServ a SaaS product from Nigeria, Sodishop, an online marketplace from Mali, BD Waste, a Ghanaian GreenTech startup, Limawa from Senegal, Jand2Gidi and Parkwell also from Nigeria. Others include Moja Ride (Côte d’Ivoire), SafeTrack (Morocco), Chestify AI Labs (Ghana) and Yoonema (Senegal).
“We are very proud of the great effort that was put into this cohort 3 of the ASIP Accelerator Program powered by SBC AfriTech – we have exceptional startups with innovative and positively disruptive ways of treating the African challenges that they have set out to solve and build their Startups around,” said Executive Deputy of the Group and ASIP Director, Eleanor Azar,
“We are also exceptionally proud that the number of female founders has increased. And to those who did not make it into the top 10, we wish you all the luck, you should be very proud that you have come out on top of more than 2,000 applications received into the program in cohort 3.”
The ASIP Accelerator powered by SBC AfriTech will culminate in a Demo Day on 25 May 2023 where startup founders will pitch their disruptive solutions to a broad audience of media, investors, corporate partners, and industry stakeholders.