Fifty African startups have benefited from the program’s technical and financial support over the past five years. Its beneficiaries have already raised more than US$150 million in funding.

Incubator Startupbootcamp AfriTech issued, Monday (August 29) calls for applications for the third cohort of its ASIP Accelerator Program. Applications are open till November 11 for the program, which will run from February 20 to May 25, 2023.

To be considered, start-ups must be formally established and have at least two people working on the project and devoting at least 50 percent of their time to it. They must also generate revenues from the product and services they offer.  

For this new edition of ASIP Accelerator Program, the targeted sectors are AgriTech and Supply Chain, FinTech, IoT and Connectivity; Machine Learning (Data Analytics), Cybersecurity, CleanTech and RegTech.

The ten early-stage startups selected at the end of the selection process will benefit from intensive coaching, pilot, and proof-of-concept opportunities that will open doors to longer-term business deals.

Each of them will receive €15,000 in cash as well as over €500,000 in credits and will benefit from exclusive partnership agreements with leading technology providers such as AWS, Google, Miro, Hubspot, and many others.

Five of them will be fully funded and supported by the EiA project and receive more support including access to the Euroquity community, networking events, monitoring, etc.

For this new edition, the incubator has the Netherlands Development Finance Company (FMO), the Senegalese General Delegation for Rapid Entrepreneurship of Women and Youth (DER/FJ), telecom operator Telecel Group, and Enrich in Africa (EiA) -funded by the European Commission's Horizon 2020 program- as its partners.

Muriel Edjo