African Startups are Invited to Apply for $150,000 in the Katapult Accelerator Programme

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Katapult Accelerator

African startups have been invited to apply for round 3 of the Norway-based Katapult Accelerator, an impact-tech programme that offers startups hands-on assistance and US$150,000 in funding.

Applications are currently open for African early-stage startups using artificial intelligence (AI), Blockchain, Internet of Things (IoT) and virtual reality (VR) technologies to solve environmental and societal challenges. The programme is aimed at building great business opportunities by creating the ultimate platform to turn the passion of talented startup founders into something great.

The 3rd batch of the programme will take place in Oslo, Norway and run for three months from August 2018. Selected startups will have access to leading thematic mentors and will be given access to hands-on training and mentorship from Katapult accelerator team over the duration of the programme. Selected startups would also have dedicated expertise to unleash potential of AI in their businesses, and the chance to access to further capital and investors.

Speaking on the programme, Haakon Brunell, Managing Partner and Co-founder of Katapult Accelerator said:

The Katapult Accelerator is the world’s first global for-profit accelerator focusing solely on impact and exponential technology. 200 impact investors from around the world participated at the demo-day for our first batch. We had access to 1,500 startups for the second round and we are excited to help the next batch of startups realise their dreams to solve global challenges.

Startups will also receive US$150,000 investment into their company as part of the program in exchange for 8% equity the business. Although, there is a $50K program fee that will be deducted from the investment, so startups will receive $100K net.

A selected number of startups will also be given the opportunity to take part in a one-month follow-up programme in New York with Katapult partner ERA, New York’s leading startup accelerator.

Interested startups should click here for application and more information.

 


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