Four African start-ups, two each from Ghana and Nigeria are expected to participate at the fifth cohort PeaceTech Accelerator in Washington DC.
The PeaceTech Accelerator is a program run by UK-based tech investment firm, C5 Accelerate, together with Amazon Web Services. PeaceTech Lab and SAP NS2, was established to scale start-ups on the cloud and solve problems relating to peace, stability and security worldwide.
The four start-ups include: proptech Muster and Coven Works – both from Nigeria and, Devless and Jetstream Africa from Ghana.
South Sudanese games developer, Junub Games who have earlier appeared in Cohort one and South Africa music streaming start-up, Nichestreem have gone through the accelerator program.
See Also: Mastercard Partners M-KOPA Solar to Launch QR Payment Technology in Uganda
C5 Accelerate COO, Eva-Maria Dimitriadis was quoted to have said the selected four African start-ups in the cohort are testament to the “strengthening ecosystem” of tech entrepreneurs on the continent.
In total, eight start-ups have been selected to join the accelerator programme, with the four other start-ups hailing from Pakistan, the US and the UK.
“This current cohort of PeaceTech start-ups are tackling challenges as diverse as delivering high-tech job training for marginalised youths, to providing blue collar workers access to the digital economy, to enabling small farmers to reach international markets. It’s inspiring to work alongside such a talented group of social impact entrepreneurs,” C5 Accelerate programme director, Mike Ravenscroft said.
As part of the programme, C5 Accelerate has invested $25, 000 for a five percent equity stake in the participating start-ups.
More Tech Stories:
- 6 African Start-ups Make 2018 Amref Africa’s Innovate for Life Fund Accelerator Programme
- Naspers Plans to Launch $96m Fund to Support SA Tech Start-ups
- Paga Hits Milestone of 10 Million Customers, to Launch Cloud Payroll Business Soon
- Econet, Cassava Smartech Launches Ride Hailing Service, Vaya in Zimbabwe
- IBM to Acquire Software Firm, Red Hat in Deal Worth $34 billion
