Startupbootcamp AfriTech has opened applications for Cohort 4 of its ASIP accelerator program. Targeting early-stage startups in Africa, the ASIP Program is supported by partners such as DER/FJ, the Dutch Entrepreneurial Development Bank (FMO), through MASSIF, the financial inclusion fund FMO manages on behalf of the Dutch government, AWS, Google for Startups, and Firstbase.
The program aims to support the next generation of early-stage African tech startups disrupting key industry verticals. Selected startups will benefit from invaluable industry insights, mentorship, funding opportunities, and access to a global network of investors and corporate partners.
Since its inception, Startupbootcamp AfriTech has played a pivotal role in empowering African entrepreneurs and driving innovation across various industries. With a proven track record of success, the program has supported 60 startups since 2017.
“Earlier this year, we witnessed history in the making as startups from our ASIP Accelerator got on stage to demo their innovations and traction to the world,” says Program Director Henry Ojuor. “With $4.5m worth of fundraise discussions and tens of corporate pilots across the cohort, we’re back on the road in search of the next set of innovative entrepreneurs for ASIP Accelerator cohort 4.”
“Amidst the vibrant rhythm of Africa’s untapped potential, we’ll be crisscrossing the entire continent seeking to scout, skill and scale the top promising innovators. We’re excited and looking forward to meeting you and can’t wait to help launch you into the moon!” he added.
The program is open to startups in various sectors, including but not limited to FinTech, InsureTech, AgriTech, Climate-tech, eCommerce, Digital Health, Green-Tech, Mobility, digitizing the informal economy and empowering artisans. The selection process will focus on startups with a minimum viable product (MVP), demonstrated market traction, and a strong founding team.
Once selected, participants will spend 3 months undergoing intensive coaching through expert-led masterclasses covering scaling fundamentals -from the business model canvas, and lean methodology, to fundraising. The program will take place in Senegal, culminating in a Demo Day where startup founders pitch their disruptive solutions to a broad audience of media, investors, corporate partners, and industry stakeholders.
Startupbootcamp AfriTech will host FastTrack scouting events in countries that include Ivory Coast, Nigeria, Ghana, Kenya, Ethiopia, South Africa, Senegal, Uganda, Morocco, Cameroon, Tanzania, Rwanda and Egypt.
Application close on 8 September 2023 while the final selection day has been set for 18 October 2023. Successful startups will start the program on 13 November 2023.
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