Cape Town, South Africa - 6 September 2023
Startupbootcamp AfriTech, the leading sector-agnostic tech accelerator for high-growth startups in Africa, is thrilled to announce the selection of the 20 startups that will advance to the Final Selection Days of the highly coveted ASIP Accelerator Program. These startups have demonstrated exceptional innovation and potential, earning them a place in the next stage of the program.
ASIP is a rigorous accelerator program designed to equip startups with the necessary resources, mentorship, and access they need to scale their businesses in Africa and beyond. The program attracted a diverse pool of applications from startups across various industries, showcasing the immense talent and innovation within the African tech ecosystem.
“For Cohort 4 of the ASIP Accelerator, our goal is to build upon the many successes of the previous cohorts,” says Director of Programs Henry Ojuor.
“With our Dakar Campus serving as the hub of the ASIP Accelerator, we’ve seen increased participation from North African startups, while still retaining our popularity across Africa, south of the sahara. We have lined up key central themes and established relationships to help our chosen startups achieve 12-24 months worth of progress in 3 months. With our newly launched Startup Success team, we’re poised to provide more ongoing value to portfolio companies for the next 5 years or exit. The first challenge though is to survive selection and finally decide which ten will get into the program and I couldn’t be more excited and at the same time hopeful for the lucky 10.”
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. The 10 startups in the program will also receive benefits valued at more than $750,000, including $18,000 in cash, credits from AWS, Google Cloud Services, and many more.
The shortlisted startups are as follows:
Nigerian startup 10mg employs an AI algorithm based on the code tree model to pair healthcare providers with financing partners who meet specific criteria, facilitating bulk medication purchases and leading to savings of up to 15% that are then passed on to patients.
South African startup Agrilogiq utilises a range of world-class undercover farming systems and hardware – such as venting motors and weather sensors – and seamlessly combines them with a cloud-based IP-intensive software platform to enable wireless and intelligent poly greenhouse automation.
Babimo from Cote d’Ivoire provides a professional digital wallet to it’s B2B clientele. This infrastructure enables merchants to seamlessly transact and receive payments that inevitably increases profitability.
To address the problem of financial exclusion in off-grid communities in Nigeria, Betapawa Solutions offers an innovative solar-powered banking solution that integrates renewable energy, customizes services for local needs, and brings mobile banking directly to communities therefore supporting economic growth and scalability.
Also from Nigeria, fintech Canta solves a crucial pain point for African businesses by enabling them to send money to their suppliers globally. With a mission to deliver complex payments, Canta leverages its decentralized payment system and industry software platform to offer instant global remittance.
EGYMAG Biotechnology from Egypt’s value proposition is that they provide alternative and cost-effective sources of organic fertilizers as well as highly digestible protein and fat. They have developed an indoor breeding system for the Black soldier fly. Their vertical rearing system is low maintenance, uses less land and energy.
Clozetsales Marketplace is addressing the pressing issue of environmental pollution caused by fashion waste in Nigeria through an online platform for buying and selling affordable and high-quality preloved clothing.
Edusko, also from Nigeria,offers a web-based, one-stop platform that matches kids with the right k-12 private schools and finances their education affordably. The solution allows parents to compare good schools, make informed decisions, access tuition discount and low-interest tuition finance and enroll their wards with ease.
Senegalese startup Flit Africa offers eco-friendly, reliable, and innovative delivery services, specially designed for businesses. The solution not only allows for cost savings, but also actively promotes sustainability. Thanks to AI and the use of electric vehicles,Flit is able to provide an effective response to logistical challenges while minimizing environmental impact.
Farmers in Nigeria lack vital financing due to inadequate business records, the stifling poultry industry growth and innovation. ePoultry has created a solution that enables farmers to create and maintain digital financial records, enhancing transparency and credibility to secure crucial bank financing.
Kenyan startup Hela Money is a web3 neo bank specifically designed for African businesses to make crossborder payments. Hela also allows African make payments with local currencies to other businesses in Africa without having to worry about expensive FX fees and timelines.
Kori Tech is a Senegalese startup that has established KORIPASS, an E-wallet linked to physical payment accessories like bracelets, stickers, or keychain. It enables quick and easy merchant payments using NFC and QR Code technology and the best part is no internet or smartphone is required.
LyfPlus is a Tanzanian telemedicine platform that integrates virtual physician consultation, medical testing and e-prescription, allowing patients to access essential medical services instantly and conveniently. The platform is a web and mobile application covering all aspects of the patient process; where patients find doctors based on specialty, distance and price range, book tests, call and video consultations.
Mara Scientific, from Uganda is a solution is designed to better patient outcomes by providing medical personnel with visually descriptive data maps, diagnostic insights, intuitive workflows, and compressive analytics.
Messenger from Nigeria is a logistics platform that finances and aggregates end-to-end logistics and supply chain operations. We connect businesses to their customers through efficient logistics services.
Munakyalo Agrofresh from Uganda solves the problem of post-harvest losses faced by small holder farmers and market vendors by providing solar powered cold storage preservation units, COLD HIVES to small holder farmers and market vendors. These extend the shelf life of perishable produce from the usual 2-days period to 21 days.
Ostafandy is an Egyptian startup that allows you to estimate and finish your home projects through their Patent Pending Smart Quote and Algorithmic pricing engine with ""Pay as You Go"" Business Model.
Primed EHealth automates hospitals by implementing their SaaS. The company also sells smartcards to patients with integrated wallets allowing them access healthcare services without queues and improve their overall experience by providing a mobile-App to book appointments and make payments to hospitals or Doctors in our network.
SN Energy from Senegal is on a mission to make solar energy accessible to all social classes and reduce the carbon impact in the process of producing electrical energy in Senegal. The solar energy engineering company is also a distributor of domestic and agricultural solar energy equipment.
Traders Of Africa is a Pan African hub for facilitating trade with/within Africa through technology. They create visibility and access to African products, bridging the trust and payment terms divide that inhibit trade with and within Africa.
Over the course of the Final Selection Days, they will undergo an intensive evaluation process, including pitch presentations, one-on-one mentorship sessions, and interactions with investors and industry experts.
We are inviting industry experts and investors to join the Final Selection Days as mentors. To sign up, click here: https://bit.ly/FSD-Form
The Final Selection Days are a testament to Startupbootcamp AfriTech's commitment to nurturing and empowering startups in Africa. The organization is dedicated to fostering innovation and accelerating the growth of technology-driven businesses on the continent.
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. ASIP aims to support the next generation of early-stage African tech startups disrupting key industry verticals. With an ever-expanding pool of entrepreneurial talent, supportive ecosystems, and increasing access to capital, Africa has become a hotbed for innovation and a fertile ground for startups to flourish.
For more information about Startupbootcamp AfriTech and the ASIP Program, please visit sbcafritech.com
About Startupbootcamp AfriTech
Startupbootcamp AfriTech was launched in 2017 as the first multi-corporate-backed pan-African startup accelerator. We run world-class accelerator programs, working with some of the most disruptive startups on the continent. We provide access to our global network of corporate partners, investors, and mentors. The SBC AfriTech portfolio currently has 60 African startups spanning 13 countries and operating in sectors that include FinTech, InsureTech, Logistics, Mobility, AgriTech and Digital Health.
With our support, 95% of SBC AfriTech alumni are still operational 2+ years after the program, and they have an aggregate valuation of nearly $1 Billion and 22% have female cofounders.
For more information visit: http://bit.ly/sbcafritech
Der/FJ is an institution under the authority of the Presidency of the Republic of Senegal and it was launched by President Macky Sall in 2018 in order to support entrepreneurs throughout Senegal. This support is given through both financial and non-financial services, with an emphasis on sectors that include technology and innovation, hence the creation of the D-hub incubator. For more information about DER/FJ visit https://der.sn/
FMO is the Dutch Entrepreneurial Development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector leads to economic and social development and has a close to 50-year proven track record of empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have a high development impact: financial institutions, energy, and agribusiness, food & water. With a committed portfolio of EUR 9.3 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally. For more information: please visit www.fmo.nl