Startupbootcamp AfriTech and Telecel Group have chosen 11 African startups to participate in the second edition of the Africa Startup Initiative Programme (ASIP), which provides cash and support to participants.
Startupbootcamp AfriTech was founded in 2017 as the first pan-African business accelerator funded by multiple corporations.
Last June, ten startups were selected for the first ASIP program, which supports young startups with creative ideas that are making a difference in their communities.
Following a tough two-day selection process in Dakar, Senegal earlier this month that saw 20 semi-finalists pitch to judges and stakeholders, eleven companies from around the continent have been picked for the second iteration of the program.
A total of 2,295 applications from 58 countries were received.
Five startups from Nigeria were selected:
- Agrodata, which has developed an IoT-enabled smart hive to assist fruit and vegetable farmers with pollination requirements;
- Crowdyvest, an impact-driven crowd investment platform;
- Powerstove Energy, which has developed an IoT-enabled smokeless stove;
- Qataloog, which uses cataloging algorithms for learning content and user search preferences to offer transparent, cost-effective pricing directly to institutions;
- Rural Farmers Hub, a crop intelligence solution for farmers.
Five startups from Senegal were selected:
Parc Smart, a parking reservation system,
Proxalys SAS, a fresh food e-commerce platform.
Five startups from Senegal were selected:
Neural Labs Africa, an AI-enabled medical imaging startup,
Vooli Mobile Insurance App, an insurtech startup.
Other startups were selected:
Ghanaian ed-tech firm eCampus;
Ugandan waste management company Ecomak Recyclers.
The program will take place in Dakar, with companies hosted by DER/FJ in the D-hub, a venue commissioned by the General Delegation for Rapid Entrepreneurship of Women and Youth (DER/FJ) and founded by President Macky Sall of Senegal.
US$18,000 in equity funding and US$750,000 worth of credits, services, and in-kind value are given to the selected companies.
Read More on Tech Gist Africa:
Google has announced a $1M fund to empower female entrepreneurs
Twelve African startups have been selected to participate in Microsoft’s FAST startup accelerator
Google has selected 15 startups for the Startups Accelerator Africa Class 7 program
