Support for entrepreneurs is popping up all over Africa these days. They come in tech hubs, business incubators, startup accelerators, seed funds, Angel networks, VC firms, etc. Some of them are distinguishing themselves in some special ways. 4 top technology incubators that are establishing are difference are:
1. ActivSpaces Cameroon
ActivSpaces has re-positioned itself as an organization that ‘transforms you idea into a funded startup’. With the help of organizations like Hivos, Indigo Trust and Appstech, ActivSpaces is launching a 6 months program in 2015 called Activation Bootcamp to invest close $10,000 into 5 startups, take them through an intensive program and get them investors during a Demo Day at the end of the 6 months.
ActivSpaces is coming up with an interesting business model which other African incubators are watching to see how it goes.
2. Stellenbosch’s LaunchLab
The Stellenbosch LaunchLab, often referred to as the Silicon Valley lookalike is backed by the prestigious Stellenboch University’s Innovus programme. The programme has partnered with the University of the Western Cape and the University of Cape Town to widen its scope for its pitching competition.
In addition to the accelerator programme, the hub also offers various workshops that range from marketing and other skills essential for any young budding entrepreneur.
In a partnership between Nigeria’s L5Lab and 88mph, 440 was born with a mission to invest a minimum of US$1.5-million (over R17-million) in mobile and internet startups in Nigeria over the next two years. It concluded its 2014 programme a few months ago when it invested in nine Nigerian startups including Gingerbox, Pass.ng, Tajá and Fuelvoucher.
Last month Microsoft Ventures announced a partnership with the programme via its 4Afrika initiative to improve access to relevant tools, resources, expertise.
The Think accelerator provides funding, resources which includes office space as well as access to crucial networks and support in accessing outside investors and customers.
Backed by the international telecom giant, Millicom, and located in Kigali, Rwanda, the Think accelerator takes in companies from across the globe. It’s looking for companies that can scale across Africa or Latin America.
Last year it announced its first crop of selected startups. Out of the 150 applications Egypt’s Beliaa, Cribpark from Nigeria, PollAfrique from Ghana and Rwanda’s TorQue were chosen.