Innovate Ventures selects 12 startups for 2016 Innovate Accelerator 

Innovate Ventures, the leading startup accelerator and technology fund in Somaliland and Somalia, has selected 12 startups to take part in the inaugural edition of Innovate Accelerator.

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

The startups, highlighted below, were selected from 160 applications based on the quality of their application, how much traction they have had, the quality of the team and the viability of the product.

  • Mojatu Media – a digital services company offering web and graphic design and social media marketing.
  • Guri Yagleel – an online rental and property management startup which aims to make it easier for people to access rental and properties in the Somaliland.
  • Xasuus Reeb – an online wedding & event planning a start-up company that provides wedding, holy union, and anniversary consulting services to brides, grooms and family members.
  • SomSite – a leading web hosting, domain registration, web designing, SEO and branding agency.
  • Somaliland Raspberry – the first Raspberry Pi hardware company in Somaliland offering Raspberry PI powered services to consumers.
  • Anfac Software – offers software such as browsers, online courses and chat apps to Somali users.
  • iTech Solutions – a B2B startup offering IT solutions to businesses to enable them to grow faster.
  • Zapi – an online payments system built on top of mobile payments services that allow businesses to setup their websites to accept payments via Zaad and process payments without hassle in East Africa.
  • ePocket – an electronic payment services provider that connects mobile wallets to international online banks, to enable people to shop online, buy books, and pay their online tuition fees.
  • Muraado – an online e-commerce and retail company making it easier for people to buy online.
  • SomDevelopers – offers accounting software, websites and hosting and domain reselling.
  • Hargeisa Daily – provides media management software to target Somali consumers to engage and reach them.

The startups 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.

The program 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.

The program is organized in partnership with Oxfam (as part of Work in Progress Alliance), VC4Africa and Telesom Company.

Sponsored Links

Related posts