NBA Africa on Friday announced the launch of a startup accelerator program targeting early-stage startups in the continent.
Dubbed “Triple-Double: NBA Africa Startup Accelerator,” the program will be operated by ALX Ventures, a technology incubator that provides the continent’s tech leaders with access to the skills and tools to launch and scale their startups.
The Accelerator is open to early-stage startups in Africa that develop solutions in event management and ticketing, youth development, AI, and digital marketing in the sports and creative industries.
10 Startups selected for the program will be provided with access to mentorship and capital that will help drive growth in the sports and creative industries. They will then be paired with mentors comprised of NBA Africa and ALX leadership, and other corporate stakeholders, who will guide the companies with a focus on product development, business growth and go-to-market strategy.
In September, NBA Africa will hold a Demo Day in New York City that will coincide with the United Nations General Assembly (UNGA). Participating companies will pitch their products to a panel comprised of top industry leaders from the U.S., Africa, and around the world. The panel will then determine the four winning companies, which will be awarded financial support, mentorship, and the opportunity to work with NBA Africa and the Basketball Africa League (BAL) on their current and future initiatives on the continent.
“We are thrilled to launch an accelerator program based on the continent and focused on early-stage African startups,” said NBA Africa CEO Clare Akamanzi.
“This groundbreaking new initiative reflects our commitment to expanding the African sports ecosystem, and these incredible companies will be at the forefront of shaping the future of sport on the continent.”
Startups can apply to participate at tripledoubleaccelerator.nba.com through Friday, May 31, after which the submissions will be narrowed down to the top 10.
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