Innovate Ventures to dole out US$10,000 to Somali’s best startups

Innovate Ventures, the leading start-up accelerator and technology fund in Somaliland and Somalia, has announced Somali’s best startups will receive up to US$10,000 for winning its Innovate Accelerator.

The Innovate Accelerator is a 10-week programme aimed at supercharging and funding the next wave of Somali startups.

Startups selected for the programme will receive mentorship and training on business and operational skills from domain experts and entrepreneurs, and access leading telecoms and banks in Somaliland and Somalia.

As part of the programme, the selected startups will also be introduced to leading companies and investors.

The programme will end in a Demo Day, where the finalists will pitch to local and international investors and media. The top 3 startups will receive up to US$10,000 in equity investment from Innovate Ventures Fund.

Interested tech startups, whose founders must not be more than 35 years old, can apply for the programme, which will run from August 29 – November 7, 2016. Applications will close on August 12, 2016.

The programme is organized in partnership with Work In Progress! Alliance, and VC4Africa, a platform for startup funding and more.

Innovate Ventures propels and accelerates tech startups in Somalia and Somaliland, support the next wave of Somali entrepreneurs, and grow the nascent start-up ecosystem in the country.

The company has been organizing coding camps, incubators and accelerators in the Somali region since 2012.

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