Africa Startup Initiative Programme (ASIP) 2021 for African tech startups
Application Deadline: May 14th, 2021
The SBC model maximizes Corporate Startup Collaboration “CSC” and the ASIP Accelerator is now actively seeking a select group of leading corporate innovators to join the consortium. Key industry verticals will include FinTech, InsureTech, AgriTech, eCommerce, Digital Health, and CleanTech, and these will be refined based on the focus of the corporate partners. Telecel, as the anchor partner, will provide the participating startups with access to markets through their mobile services across the continent.
New corporate partners that join the consortium as Founding Partners would provide further benefits to startups through deep industry expertise, dominance in vertical markets, executive mentors, commercial contracts, and more.
Corporates who join as Founding Partners will reap significant benefits through access to the most disruptive startups on the African continent. The partners in the first SBC AfriTech Accelerator engaged in more than 60 pilots, POC’s, and commercial contracts with 29 startups over the last 3 years. These startups were selected from more than 4500 applicants representing 80 countries. 90% of the alumni are still operating and growing, and 40% have raised follow-on investment rounds.
The ASIP Accelerator Program, powered by Startupbootcamp AfriTech, intends to start scouting within the next month and the corporate Founding Partners will help determine the key focus areas of the startup applicants. Corporate Partners are also invited to join the selection committee which determines the final 10 startups that participate in the 3-month ASIP Accelerator Program. This is a unique opportunity to bring startup innovation into your organization, and SBC AfriTech will help facilitate successful pilot projects with your organization.
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
Requirements:
ASIP 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.
Benefits
The 10 startups in the program will receive benefits valued at more than EUR 500,000, including credits from AWS, Google Cloud Services, Hubspot and many more. SBC AfriTech also invests EUR 15,000 in cash to each startup.
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