Startupbootcamp Afritech’s ASIP incubator programme, which helps build African startups, is now accepting applications for Cohort 4.
The programme will take place in Dakar, Senegal, and it will end with a Demo Day where startup founders pitch their innovative solutions to a large group of media, investors, business partners, and industry stakeholders.
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. ASIP Accelerator also invests EUR 15,000 in cash in each startup.
According to the people who run the programme, the ASIP accelerator programme gives early-stage startups in Africa a chance to speed up their growth and get access to a global network of investors and business partners.
Henry Ojuor, the programme head for ASIP, said, “Earlier this year, we saw history being made when startups from our ASIP Accelerator went on stage to show the world their innovations and traction.
“With $4.5 million in funding talks and tens of corporate pilots across the cohort, we’re back on the road looking for the next group of innovative entrepreneurs for ASIP Accelerator cohort 4.”
The programme’s creators said that since it started in 2017, it has helped 60 startups and played an important role in giving African businesses more power and driving innovation in many different industries.
“In the lively rhythm of Africa’s untapped potential, we’ll be going back and forth across the whole continent to find, train, and scale the most bright innovators. We’re excited to meet you and can’t wait to help you get to the moon,” Ojuor said.
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Partnering with Startup Bootcamp
The programme is sponsored by DER/FJ, FMO, MASSIF, AWS, Google for Startups, and Firstbase. “ASIP helps the next generation of African tech startups in their early stages so they can disrupt key industries.”
Africa is a center for innovation and new businesses because it has a growing number of talented entrepreneurs, ecosystems that support them, and more and more ways to get money.
Mame Any Seye, who works for DER/FJ and is in charge of entrepreneurship for the partnership, promised to help innovative start-ups as a way to improve the environment.
We think they can change industries, make money, and help Senegal’s economy. “Our resources, knowledge, and network are helping them reach their goals,” Seye said.
“After seeing how well the entrepreneurs in Cohort 3 did, we’re excited to work with Startupbootcamp again on Cohort 4 of the ASIP Accelerator, and we’re looking forward to keeping an eye on the startups that are taking part,” said FMO senior associate Esther Njorog. This project supports new and innovative business models that strengthen the entrepreneurial ecosystem in key industries in Africa.
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Startupbootcamp supports MVP-based startups
The programme is open to startups in many fields, including but not limited to FinTech, InsureTech, AgriTech, Climate-Tech, eCommerce, Digital Health, Green-Tech, Mobility, Digitizing the Informal Economy, and Giving Craftsmen More Power. During the selection process, startups that have a minimum viable product (MVP), market growth, and a strong founding team will be given priority.
The organizers say that the selected participants will spend three months getting intense coaching through masterclasses led by experts. These classes will cover scaling basics like the business model canvas, lean methodology, and fundraising.
For the startups that are chosen, there will be a full system of support, including expert mentoring, industry connections, funding opportunities, a wide range of resources, and a network of alumni.
The deadline for applications is September 8, and the last Selection Day is October 18, 2023. Cohort 4 will start on November 13, 2023.m
