Global Innovation Accelerator chooses 10 startups to participate in Startupbootcamp kicking off in Cape Town. After an intensive 3-month global search, Startupbootcamp (SBC) hosted their Selection Day to announce the top 10 startups selected to participate in the first ever Africa-based SBC Accelerator programme.
Out of a globally competitive pool of applicants, the 10 following startups were selected:
- Brownie Points
- Dusu Pay
- Got Bot
- Just Now
- Virtual Drive
“The African business and consumer sector is set to be the fastest growing market by the turn of the century. Innovative technological solutions in financial services, artificial intelligence, big data, IoT, etc. are leap-frogging conventional solutions put forward by traditional businesses. We believe that African startups are at the forefront of this innovation trend and we are excited to take part,” saysZachariah George, co-MD of Startupbootcamp Africa.
SBC travelled across 12 countries and 3 continents conducting 15 FastTrack events culminating in 518 applications from 43 countries, with 409 applications from Africa and 220 of those applications from South Africa alone.
“What brought me to Africa in the first place is a study the United Nations did on the growth of the population globally which dictated that between now and the end of the century the population will increase by 4 billion and of that increase 90% will be in Africa. When you think about an increase of that magnitude, it’s going to require disruption across every element of life. There’s no hope for incremental growth, it’s going to have to scale massively. What’s exciting for us is that we can find massively scalable, disruptive, transformative technologies and solutions and seeing disruption across every element of life. That’s one of the things that makes the Africa programme so unique,” says Philip Kiracofe, co-MD of Startupbootcamp Africa.
The accelerator is anchored by leading corporate sponsors Old Mutual, RCS, BNP Paribas Personal Finance, Nedbank, Woolworths Financial Services and PwC.
The accelerator programme kicks off in Cape Town on 4 September 2017.