Bolt has awarded 10 drivers and couriers with Sh289,519 seed funding each for showcasing their innovative solutions related to smart mobility. The drivers were awarded following the culmination of the Bolt Accelerator Program that was launched in March last year.
The program beneficiaries were invited to pitch business ideas connected to Bolt’s vision of creating sustainable African Cities. The vision was about creating cities that prioritise people’s well-being, sustainability, and accessible mobility for everyone.
It was run in close partnership with The Nest Innovation Park, whose network of mentors supported eligible participants in developing their business plans.
Bolt says the Accelerator Program received over 800 applications from drivers and couriers in Kenya. From the pool of applicants, 120 entrepreneurs were shortlisted and went through the Bolt Academy, a business skills training phase. At the Pitch Day session, the top 20 finalists presented their innovative business solutions to a panel of judges including Linda Ndungu, General Manager, Rides at Bolt, Maryanne Akoth, Director for programs at ISBI at Strathmore Business School, among others.
They evaluated the pitches based on criteria such as innovation, feasibility, and potential impact.
Linda Ndungu, General Manager, Rides said- “Our driver and courier partners are at the very core of the Bolt ecosystem. They are not just service providers; but are essential members of a broader community that keeps millions of people connected across Kenya and beyond. We recognise that, and today we are happy to be celebrating their importance and investing in their future.”
Following a rigorous selection process, the top 10 most promising ideas were unveiled at the award ceremony. These exemplary entrepreneurs received a €2,000 (over KES 280,000) seed fund each and will embark on a transformative 6-week post mentorship program. This comprehensive program will provide guidance, mentorship, and access to a network of industry experts, equipping them with the tools and support needed to propel their businesses to success.
Some notable awards went to Adrian Kagiri Amunga (Most Innovative Idea), Antony Gwaro Nyangaresi (Most Scalable Idea) and Teddy Muthami Muriithi (Best Pitch).
Oluwajoba Oloba, Co-Founder of The Nest Innovation Technology Park, remarked on the program’s significance: “Programs like the Bolt Accelerator are essential for driving innovation and entrepreneurship in Kenya. By offering resources, mentorship, and financial backing, individuals are empowered and this in turn helps boost Kenya’s GDP. A vibrant startup ecosystem fosters job creation, attracts foreign investment, and strengthens economic resilience. We commend Bolt and encourage other organisations and government agencies to support these initiatives to unlock Kenya’s full entrepreneurial potential.”
The event was graced by MSME Principal Secretary Susan Mang’eni.
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