Social impact technology accelerator, Baobab Network has opened applications to for its 2019 accelerator. The $25,000 accelerator is open to seed-stage African startups driving innovation, economic growth and social change across Sub-Saharan Africa.
Unlike other accelerators, Baobab Network creates a tailor-made accelerator program for every start-up. It works with founders who are building solutions across five high impact areas; access to healthcare, access to education, financial inclusion, food security, and environmental sustainability.
Since its launch in 2016, Baobab Network has worked with 27 startups from Ghana, Tanzania, Kenya, Rwanda, Uganda, the Democratic Republic of Congo (DRC), Zambia and South Africa.
Startups chosen for the accelerator are exposed to a week of consulting from global business and industry experts/partners. After this, each startup is assigned a dedicated Baobab Venture Partner for 24 months to help speed its growth, get it marketable and scale up to be investor ready.
In addition to these, the startups receive $25,000 seed funding after a pitch session and access to an investor network of over 100 venture capital and impact funds.
Startups would also be open to early commercial partnerships with international companies such as Amazon, Accenture, L’Oréal, Unilever and Johnson & Johnson.
“The goal of our new look accelerator is to raise follow on funding for every startup within 18 months, leveraging the Baobab Network’s global community of VCs, angels and corporates.”
Rich Sears, Head of Ventures, Baobab Network.
Application for the accelerator is open now, with startups to be accepted on a rolling basis. The first cohort of the year starts in Addis Ababa, Ethiopia, on January 28.
To apply, click here.
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