- The 3-month program will begin accelerating 10 top startups in September 2017
- Startupbootcamp Cape Town is backed by leading corporates BNP Paribas, RCS, and PwC
- Call for applications now open – 20 April 2017
- Core focus on building innovative solutions and the program is specifically scouting for startups in blockchain, connected devices, payment solutions, capital markets and asset management, integrated supply chain, e-commerce, alternative financing, identity management, digital connectivity, data and behavioral analytics and enabling technologies.
Cape Town, South Africa, 20th April 2017: Startupbootcamp, announced today the launch of their new accelerator program opening in Cape Town. This global industry-focused accelerator group has 18 programs across 13 countries and has seen value in now setting up a footprint in Africa.
Startups from around the world can apply now (https://www.startupbootcamp.org/accelerator/cape-town) to be part of the intense 3-month support program to be run in Cape Town.
The call for applications is focused on sourcing scalable technology solutions applicable to diversified financial services and related industries. The aim is to grow disruptive startups and connect them with dynamic corporates, providing both with an opportunity to collaborate and build the African tech ecosystem.
The launch of this first Startupbootcamp Cape Town program in Africa comes post a trend analysis that found 161 applications to the global program to have originated from African teams in 2016. Additionally, there were 5 South Africa FastTracks in 2015 and 3 in 2016. To date, Startupbootcamp has invested in 8 teams from Africa in total, 3 of which are in the current InsurTech cohort.
With this new and unique program, Startupbootcamp brings together top startups from around the world, a mentor network of renowned industry experts and entrepreneurs and major players in banking, insurance, consultancy, leasing, and technology as founding partners. From a pool of hundreds of applications, Startupbootcamp Cape Town will select the 10 most promising teams, and will provide each team with EUR 15,000 100+ highly engaged mentors from the FinTech, InsurTech and RegTech industries, free office space, a convertible note, access to funding and a network of industry partners, investors and venture capital firms. The 3-month program will kick off in September 2017.
Zach George, co-MD of the Cape Town program says, “We are thrilled that for the very first time in Africa, a comprehensive integrated program exists to provide corporations across multiple industries the ability to engage directly with innovative technology-focused ventures, establish commercial engagements and explore direct investment opportunities”.
Philip Kiracofe, co-MD of Startupbootcamp Cape Town highlighted: “The African tech and digital landscape is growing exponentially, and we firmly believe that the future of innovation will come from Africa. Cape Town is one of the most vibrant and creative hubs on the continent and we are both excited and humbled to contribute by attracting global expertise here. “
The accelerator is anchored by strong corporate sponsors that will support and grow the program and selected startups. Global sponsors include Google cloud, Amazon web services, Intel, and Cisco.
Natacha Baumann, the Head of Innovation and Transformation at BNP Paribas Personal Finance for South Africa, the UK, the Nordics, Belgium, and Germany said, “We are engaging in various open innovation initiatives around the world which is part of our transformation strategy. Like RCS, BNP Paribas Personal Finance is looking for innovative technologies to enhance the customer experience and to improve systems and processes. We are very enthusiastic to start the partnership with Startupbootcamp in Cape Town what answers both our willingness to boost the cooperation with start-ups and will help in leveraging the potential of the African continent”.
Paul Mitchell, Fintech Lead for PwC South Africa said “We are very excited to be part of Startupbootcamp’s first foray into Africa. Our clients recognize the disruption potential of fintechs and other startups, and we are helping many of them to harness the opportunities arising from this. Startupbootcamp provides a great way for the industry incumbents to connect to startups, and to learn about their impact.”
To kick off, startups from all over the world are invited to present their ideas to the Startupbootcamp team at a series of ‘FastTrack’ days between May and July 2017. These FastTracks are being held globally in cities including Accra, Amsterdam, Cairo, Cape Town, programmeDoha, Dubai, Johannesburg, Kampala, Lagos, London, Nairobi, Paris, and Tel Aviv.
Alan Winde, Minister of Economic Opportunities, welcomed the accelerator to Cape Town:
“Startupbootcamp’s decision to launch their program in Cape Town speaks to the business confidence they have in the Western Cape. The region has emerged as a centre for venture capital activity in South Africa. The majority of the country’s start-ups are based here and 75% of venture capital deals were concluded in this province.”
The Minister added: “The onset of the Fourth Industrial Revolution is dismantling the barriers to entry in most industries, generating an increase in the number of people who can meaningfully participate in the economy. This is why we have prioritised the support of entrepreneurs in the Western Cape, and expanding access to affordable public internet. Startupbootcamp will play an important role in growing innovative entrepreneurs.”
Interested startups can apply online for Startupbootcamp CapeTown Accelerator Program.
Applications will remain open until July 9th 2017.
Keep up to date with Startupbootcamp CapeTown on Twitter!
Notes For Editors
For more information about this press release, contact:
Sam Ahmed, PR & Communications Manager, Startupbootcamp Global
Images, Logos, Materials: http://bit.ly/SBC-SA-presskit
Founded in 2010, Startupbootcamp is a global startup accelerator with 18 programs in Amsterdam, Barcelona, Berlin, Chengdu, Istanbul, London, Mexico City, Miami, Mumbai, New York, Rome, Singapore. They take startups global by giving them direct access to the international network of the most relevant partners, investors and mentors in their sector in more than 30 countries. 79% of the Startupbootcamp alumni teams are still active and 71% have gone on to raise additional funding from many of the world’s leading VCs and angels.
For more information visit: www.startupbootcamp.org
The RCS Group (RCS) is a leading consumer finance business that offers its customers a range of financial service products under their own brand name, as well as in association with a number of leading retailers in South Africa, Namibia and Botswana. RCS collaborates with its retail partners as BNP Paribas Personal Finance South Africa.
RCS not only finances, operates, manages and promotes successful credit programs, but also offers state of the art IT, call centre, risk management as well as financial marketing and brand building solutions.
RCS continues to demonstrate growth and innovation in the credit market, offering groundbreaking and accessible credit solutions to customers. The company provides more than just a technical solution and product for its partners, it also customizes products that integrate people, processes, and technology, creating value for their partners and customers.
About BNP Paribas
BNP Paribas Personal Finance is the leader in France and in Europe for personal loans via its activities in consumer credit and mortgage lending. A 100% subsidiary of the BNP Paribas Group, BNP Paribas Personal Finance has nearly 20,000 employees and operates in about 30 countries.
Under brands including Cetelem, Findomestic in Italy, AlphaCredit in Belgium, the company offers a full range of personal credit products at points of sale and car dealerships and directly to consumers through its customer relations centres and Internet. BNP Paribas Personal Finance has added an insurance and savings offer for its clients in Bulgaria, France, Germany, and Italy.
BNP Paribas Personal Finance has developed an active partnership strategy with retailers, manufacturers and automotive retailers, web merchants and financial institutions (banks and insurance companies), based on its experience with marketing credit offers and integrated services tailored to partners’ business and commercial objectives. It is also a leading player in the field of responsible lending and financial education.
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 223,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC has a presence in 34 Africa countries with an office footprint covering 66 offices. With a single Africa leadership team and more than 400 partners and 9000 professionals across Africa, we serve some of the continent’s largest businesses across all industries.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.