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HomeOpportunitiesAfrica Startup Initiative...

Africa Startup Initiative Programme 2023

Details

We are looking for the next generation of African Tech Startups disrupting major industry sectors!
The program is open to startups in various sectors, including but not limited to FinTech, InsureTech, AgriTech, Climate-tech, eCommerce, Digital Health, GreenTech, Mobility, digitizing the informal economy and empowering artisans.

We scout, skill, and scale early-stage startups through intensive coaching and opportunities for pilots and Proof of Concept projects that subsequently open the doors for longer-term commercial agreements.

This cohort’s incredible partners include:

Dutch Entrepreneurial Development Bank (FMO)

A leading impact investor that supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs.

Government of Senegal, through DER/FJ

A youth and women empowerment structure set up by the President of the Republic of Senegal. With the help of DER/FJ startups will gain public-sector knowledge and support which presents an opportunity to further scale their impact.

All 10 startups receive $18,000 in cash together with more than $750,000 in credits and exclusive partner deals from leading technology providers such as AWS, Google, GitHub, Firstbase, Miro, Hubspot and more.

Over the last 6 years, 60 African startups have completed the SBC AfriTech Accelerator.

  • 90% of the alumni are still operating and scaling, and collectively, SBC portfolio companies have raised more than $150 Millionin follow-on funding. This track record makes SBC one of the most successful early-stage programs on the continent and for investors, the fund has performed among the top 5% of Silicon Valley VC funds!
  • More importantly, that track record translates to impact on Africa. ASIP Cohort 3 made up of 11 startups from 7 countries, created over 9,600 jobs across the continent. They achieved this at an average age of 31 and with 70% of them having women in leadership. 

Criteria

To be eligible for the program, your startup:

  • Has to be formally incorporated
  • Has at least 2 people working on the project and devoting at least 50% of their time to the project
  • Has customers or clients using the products or services
  • Is generating revenues from the products or services

Benefits

  • 3-Month Program: An intense 3-month program designed to support entrepreneurs scale their industry-changing technology businesses
  • Masterclasses: Expert-led sessions covering all scaling fundamentals – from business model canvas, lean methodology to fundraising
  • Corporate Partners: Connections to the leading corporates in your industry for pilot projects, partnership opportunities, and as customers
  • Global Network: Unmatched access to a global network of mentors, corporate partners, industry experts, and alumni across 40+ countries
  • Tailored Mentorship: Over 1000 carefully selected mentors who provide hands-on support and valuable introductions
  • Coworking Space: Free desks for your entire team in a dynamic co-working space for the duration of the 3-month program (pandemic depending)
  • Living Expenses: $18K in cash per team to cover living expenses during the program
  • Perks & Discounts: More than $750K+ in exclusive partner deals from leading technology providers such as Amazon, HubSpot, SendGrid, and others
  • Alumni Growth Program: Continued post-program support far after the 3-month program through annual alumni only events, deals and tailored introductions
  • Industry Events: Exclusive opportunities to take part in leading Commerce conferences and events
  • Investor Access: Meet the most active VCs and Angel investors in your industry from around the world
  • Demo Day: A day to celebrate your achievements during the program with 400+ investors, corporates, mentors and press attendees

About Startupbootcamp

Startupbootcamp is a global network of industry focused accelerators. We take startups global by giving them direct access to an international network of the most relevant partners, investors, and mentors in their sector. Startupbootcamp started in 2010 and now operates globally with 20+ industry-focused programs in some of the greatest startup hubs including Amsterdam, San Francisco, London, Berlin.

We support early-stage tech founders to rapidly scale their companies by providing direct access to an international network of the most relevant mentors, partners, and investors in their industry. As each program focuses on an industry, we’re able to provide an unmatched level of support to the startups selected into our programs.

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