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African Startup Funding Tracker

$2,358,456,000+

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Ten Startups Selected For The Africa Startup Initiative Program
Ten Startups Selected For The Africa Startup Initiative Program

Startupbootcamp AfriTech and Telecel Group have selected 10 African startups to take part in the second edition of the Africa Startup Initiative Program (ASIP), which offers participants access to funding and support. ASIP backs young startups with innovative ideas that are creating a difference in their communities, and 10 startups were picked for the first program last June. Selected companies receive USD 18 K in equity funding in addition to USD 750 K worth of credits, services, and in-kind value.

Four of the selected companies are from Nigeria, namely Crowdyvest, an impact-driven crowd investment platform; Powerstove Energy, which has developed an IoT-enabled smokeless stove; Qataloog, which offers transparent, cost-effective pricing directly to institutions using cataloging algorithms for learning content and user search preferences; and Rural Farmers Hub, a crop intelligence solution for farmers. Two of the startups are from Senegal – parking reservation system Parc Smart and fresh food e-commerce platform Proxalys SAS  and another two from Kenya, namely AI-enabled medical imaging startup Neural Labs Africa and insurtech startup Vooli Mobile Insurance App. The list is completed by Ghanaian ed-tech startup eCampus and Ugandan waste management company Ecomak Recyclers.