South Africa’s Grindstone Accelerator has partnered with Naspers Labs to launch GrindstoneX, a new all-female accelerator program designed to make women-led startups more investible, scalable, and exit-ready. The two organizations have joined forces to launch GrindstoneX, which each year will source 10 of the best female-founded South African businesses and put them through Grindstone’s 12-month growth engineering program, which assesses a business on its unique merits and then enables them to undergo business transformation and growth via targeted interventions.
Founded in 2014 and co-owned by Knife Capital and Thinkroom, Grindstone focuses on assisting high-growth, innovation-driven companies to enable scale in their businesses. The company focuses efforts on tailored interventions for founders that positively impact their business’s metrics, Naspers Labs, is a youth development program of a global consumer internet group and technology investor, Naspers. Naspers Labs is committed to assisting the development of micro-enterprises with an emphasis on young women.