12 exponential technology start-ups have been selected from Kenya, Egypt and Tunisia for the Norway-based Katapult Accelerator programme.
The Katapult accelerator is a three-month programme which the selected start-ups would work with the accelerator’s core team and a network of more than 120 international mentors to develop their businesses.
Each of the 12 start-ups will partake in a dynamic, hands-on programme to help scale their business and increase their impact from August to November.
Katapult provides a network of global investors and partnerships that can boost the start-ups into their next phase of development, specific to their growing needs. The Katapult Accelerator Fund invests up to US$150,000 in each start-up for an equity stake.
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According to Haakon Brunell, managing partner and co-founder of Katapult Accelerator, “After reviewing candidates from 107 countries, we were humbled with the interest from companies globally who were keen to join our programme.”
“We provide the start-ups, whose focus is to drive global positive change with the use of exponential technologies, an environment of opportunities and an ecosystem to enhance their business model and scale. Our goal for each company is to prepare them for their next investment round, so that they achieve two to three times their original valuation, a track record we aim to keep.” Brunell said.
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