This year’s accelerator saw over 400 applications received, building on the traction of last year’s program
Innovate Ventures, the leading Somali tech and business startup accelerator launched in partnership with VC4A, Telesom and the Work in Progress! Alliance, had their second cohort of 10 startups from Somaliland and Somalia graduate from their program. This year’s accelerator saw over 400 applications received, building on the traction of last year’s program. The seed investment given doubled from $15,000 last year to $30,000.
The Innovate Accelerator is a 12-week program intended to support and funds the next wave of Somali startups. Mentorship and training was provided by domain experts and entrepreneurs and four startups from the program received $30,000 in investment from Innovate Ventures Fund.
The accelerator program reached more than 2 million people via SMS and TV coverage of the roadshows and Demo Day in Somaliland, Somalia and the UK and US. The significant increase in applications and seed investment and further support and interest from the private and public sector has seen the reach and attention of the accelerator grow.
On Sunday, October 29th …read more