Application is now Open for the Startupbootcamp AfriTech’s Third Cohort of Scout Talent

The third cohort of Startupbootcamp, a global start-up accelerator, is now accepting applications.

Fast-track scouting events are scheduled to take place in more than ten African nations prior to the opening of AfriTech. This comes as the top pan-African digital accelerator received support from the Dutch Entrepreneurial Development Bank (FMO).

With 19 programs offered in cities including Amsterdam, Cape Town, Chengdu, Dakar, Dubai, Istanbul, London, Mexico City, Milan, Mumbai, New York, Rome, and Singapore, Startup BootCamp was started in 2010. intended to identify talent and grow early-stage tech start-ups across the continent. The emphasis is on start-ups in industries with large development impacts, such as finance, energy, and agribusiness, food, and water.

The flourishing start-up ecosystem in Africa needs help from many sources, according to Marieke Roestenberg, the program manager for Ventures, in order to expand rapidly and sustainably. According to her, the continent exhibits exceptional growth rates.

Africa has reportedly completed 370 transactions totaling more than $3 billion by the end of July 2022. One of the most crucial elements enabling start-ups to scale and innovate is the contribution of ecosystem enablers like Startupbootcamp AfriTech. Roestenberg continues, “Supporting enablers is also a crucial step in the development process.”

“FMO was eager to help Startupbootcamp AfriTech expand their activities into more middle-tier markets as part of our initiatives to build a more healthy entrepreneurial ecosystem. By working together, entrepreneurs have the opportunity to gain more excellent acceleration as they build businesses that will create jobs and raise the standard of living in their communities and families. She remarked

Through the Ventures program and MASSIF, FMO manages the financial inclusion fund on behalf of the Dutch government. FMO invests in inclusive business models and works with intermediaries to enhance business operations and foster a more thriving startup ecosystem.

Roestenberg asserts that the FMO’s partnership with Startupbootcamp AfriTech indicates its commitment to the growth of Africa’s ICT industry.

Customized coaching tool from Startupbootcamp

Startups will also have access to the specialized coaching tool from Startupbootcamp. This platform, called Accelerator Squared, offers a comprehensive library of information, group workshops, individualized mentoring, collaborative sessions with entrepreneurs in residence, and invite-only discussion forums with founders from across the world.

Additionally, the ten chosen start-ups will receive perks worth more than $750 000, such as credits from AWS and Google Cloud Services as well as an investment of $18,000 in cash.

50 African start-ups have successfully completed the Startupbootcamp Afritech Accelerator during the past five years. In total, Startupbootcamp portfolio firms have earned more than $110 million in follow-on funding, and 90% of alumni are still in business and expanding.

Due to its track record, it is one of the continent’s most successful early-stage programs. For investors, the fund has consistently outperformed the top 5% of Silicon Valley VC funds.

According to ventureburn, fast-track scouting activities will take place in a number of nations, including the Ivory Coast, Nigeria, Ghana, Kenya, Morocco, Tanzania, and Ethiopia.