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Telecel group | Africa Startup Initiative Program

| Sectors: FinTech, InsureTech, AgriTech, IoT & Connectivity, Digital Health, and RegTech
| Granting entities: Telecel Group, startup bootcamp Afritech
| Deadline: 14 May
| Type of support: Accelerator
| Funding/benefits: Benefits valued at more than EUR 500,000, including credits from AWS, Google Cloud Services, Hubspot and many more + investment of EUR 15,000 to each startup.
| Applicants: African startups
| Locations: Africa

Synopsis: The Program looking for the next generation of African startups disrupting industry sectors including FinTech, InsureTech, AgriTech, IoT & Connectivity, Digital Health, and RegTech.

Backed by anchor partner Telecel Group, the program is ideal for startups with a mobile tech focus. Additional corporate partners are lining up to engage with startups through pilots and Proof of Concepts projects that can open the doors for longer-term commercial agreements.

The Africa Startup Initiative Program was launched by Telecel Group as part of CSR activities. Telecel Group then partnered with Startupbootcamp AfriTech to create the ASIP Accelerator Program which contributes in a meaningful way to the African community to help the young Startups in Africa whose innovative ideas are creating a difference in their communities.

Starting in 2017, the first SBC AfriTech program accelerated 29 incredible African startups 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 startups raising capital have closed rounds at valuations more than 10x since Demo Day

The 10 startups in the program will receive benefits valued at more than EUR 500,000, including credits from AWS, Google Cloud Services, Hubspot and many more. SBC AfriTech also invests EUR 15,000 in cash to each startup.

Link to application here.

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