Features

The ASIP Accelerator Programme Aims To Assist African Tech Start-Ups

The ASIP Accelerator Programme Aims To Assist African Tech Start-Ups. The ASIP Accelerator Programme, a programme focused on early-stage disruptive African tech start-ups. It was established by Telecel Group and it is powered by Startupbootcamp AfriTech, the programme aims to facilitate the growth and promotion of African tech start-ups in the fintech, insurtech, agritech, eCommerce, healthtech, and cleantech sector.

 “We are looking for the next generation of African start-ups disrupting industry sectors including FinTech, InsureTech, AgriTech, eCommerce, Digital Health, and CleanTech. Backed by anchor partner Telecel Group, the program is ideal for start-ups with a mobile tech focus. Additional corporate partners are lining up to engage with start-ups through pilots and Proof of Concepts projects that can open the doors for longer term commercial agreements.” It said in a statement on its website.

During the Covid pandemic, SBC launched Accelerator Squared as a fully online platform that enables start-ups to access the complete library of content, group workshops, 1:1 mentoring, and collaborative sessions with Entrepreneurs in Residence, and invite-only discussion forums with founders from around the globe. The remote accelerator concludes with an online Demo Day where start-up founders pitch their disruptive solutions to a broad audience of media, investors, corporate partners, and industry stakeholders.

The start-ups in the program will receive benefits valued at more than R8.8 million, including credits from AWS, Google Cloud Services, and many more. SBC also invests around R260 000 in cash. Startupbootcamp AfriTech was launched in 2017 as the first multi corporate-backed pan-African start-up accelerator. It runs world class accelerator programmes, working with some of the most disruptive start-ups on the continent. It provides access to its global network of corporate partners, investors and mentors.

The first SBC AfriTech program accelerated 29 incredible African start-ups that have set an incredibly high bar for the next program. 90% are still operating and scaling at impressive rates 40% have raised follow-on rounds of funding 50% of the start-ups raising capital have closed rounds at valuations more than 10x since Demo Day.

By Thomas Chiothamisi

Show More

Related Articles

Back to top button