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
Now it is your turn!
We are looking for the next generation of African startups disrupting industry sectors including FinTech, InsureTech, AgriTech, eCommerce, Digital Health, and CleanTech. 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.
During the Covid pandemic, SBC launched Accelerator Squared as a fully online platform that enables startups to access the complete library of content, group workshops, 1:1 mentoring, collaborative sessions with Entrepreneurs in Residence, and invite-only discussion forums with founders from around the globe. The remote accelerator concludes with an online Demo Day where startup founders pitch their disruptive solutions to a broad audience of media, investors, corporate partners, and industry stakeholders.
Applications will open soon and the 10 startups in the program will receive benefits valued at more than €500,000, including credits from AWS, Google Cloud Services, and many more. SBC also invests €15,000 in cash.
ASIP at AfricaCom 2019
ASIP at the MWC19
February, 2019 (Barcelona, Spain) – Telecel Group launched African Startup Initiative Program for young entrepreneurs in all areas of Technology related innovations at the Mobile World Congress 2019. Telecel Group aims to contribute in a meaningful way to the African community by supporting young individuals who strive to better their lives and the lives of their communities. The program exposes the selected startups to international communities and organizations, attracting international partners that can add value to the startups.
BEHIND IT ALL
90% Telecel Group launched an Africa Startup Initiative program for young entrepreneurs in all areas of Technology related innovation to participate in Telecel Group booth at the most prestigious event for telecom and technology in the World – the MWC in Feb 2019 – Barcelona.
Telecel Group is a telecom firm established in 2007, very well recognized for the quality and effectiveness of the telecom solutions and services that they offer to a multitude of mobile network operators across the globe, in addition to owning networks of their own all across Africa.