4 Start-ups Secure $25k Each From Itanna Accelerator

Four months after it launched, Nigeria’s incubator, Itanna has held its first demo day event and four Nigerian start-ups: KoloPay, Accounteer, Tradebuza and PowerCube raised $25,000 each from the Accelerator. Itanna is backed by Honeywell Group and the event marked the end of its four-month start-up accelerator programme.

Accounteer – provides online accounting services for SMEs across Africa, KoloPay is a cashless target savings mobile and web application, Tradebuza – an online platform for managing and brokering commodities sourcing and out grower scheme while PowerCube provides affordable power supply using renewable energy.

The Start-ups will also receive training and mentorship from leading industry experts in the form of UI/UX Sessions, legal and HR workshops, classes on technology, business and marketing amongst other business-related courses together with USD $25,000 they each received.

See Also: Nigeria’s Accounteer Set to Expand to Kenya

While commenting, Obafemi Otudeko Honeywell Group’s Executive Director said, “Our vision for Itanna was to see an accelerator that merged the best of corporate and entrepreneurial spirit in order to fulfil our mission of using enterprise to make our world better. Itanna has exceeded our expectations as we look to cement our position as a facilitator and impactor of growth in key sectors, including tech within Nigeria and across Africa”.

Itanna will also invest in more developed tech start-ups looking for growth capital with its direct investment arm in 2019, which will support companies in scaling, by leveraging on Honeywell Group’s extensive network and industry expertise.

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