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Three African Accelerators Making A Difference

Rise Cape Town

Rise is slowly changing the face ofen trepreneurship in Cape Town, South Africa. With a location in every fintech hub around the planet, this global community was built and created by the Barclays corporation. The purpose was to aidi and improve the future of financial services. Plenty of scaleups and startups connect through the platform and aid each other in creating top businesses.

Not only can participants interact with fellow entrepreneurs, but also with top in novators all over the globe who are more than willing to share their knowledge and mentor them towards better opportunities.

In fact, just recently Rise, along with another accelerator from Cape Town, 88 Business Collective, opened a program called Rise “Scalarator”. It is open tofive female black South African tech entrepreneurs from the Western Cape, who have at least one innovated, viable product ready for scaling.

During the 12-week boot camp, which runs from June to November, the participants will have access to various tools, financial management assessments, and business coachings. Included in the perks offeredis the opportunity to meet and collaborate with investors and tech experts.

Wennovation Hub

Since its establishment in 2011, Wennovation Hub in Nigeria has already supported no less than 6,000 young people and 300 startups in solving their communities’ socio-economic challenges through technological resources and networking. Up to now, the accelerator has continued to encourage the youth to engage in innovation.

Focusing on agriculture, education, infrastructure, and healthcare, they have previously helped African entrepreneurs raise up to $2.5 million with their startups. As it is their vision to develop all of Africa, they have recently expanded their support to their satellite offices in Abuja, Lagos, Kaduna, and Ibadan.

Last April 2018, Wennovation Hub Agri-Tech Incubation Startup Demo Day welcomed 10 startups to their seven-week bootcamp. The program aimed to engage the locals in solving the many challenges faced by the agricultural sector.

By the end of the camp, Crop 2 Cash, a Nigerian startup whose big idea is to connect farmers with capital and markets, won the grand prize of $3,500. Dilivas Box came second with an innovation that suggested the selling of products paired with its equivalent nutritional recipe.

Injini

Known as Africa’s first edtech incubator, Injini’s aim is helping Africa solve its problems in the education sector. So far it has been successful. The Cape Town-based accelerator was co-created by Jamie Martin, who was previously a British government education official, and Cape Innovation & Technology Initiative (CiTi), which was an already established incubator in Cape Town and has supported lots of startup businesses.

The company’s name, which means engine in the Zulu, Swahili and Xhosa languages, also doubles as its primary aim: aid African companies to grow quickly by granting them with an initial capital. They offer approximately $80,000 in early-stage capital for associated companies. As of the latest count, Injini have assisted eight companies, and just recently, have opened their application for a second batch.

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