Itanna, the accelerator and venture capital outfit of prominent flour making company, Honeywell, has announced the winning startups for the 2nd cohort of its accelerator programme.
As an accelerator, Itanna’s aim is investing and supporting tech startups to scale up through acceleration, investment and mentorship. This, the accelerator is doing, by providing an investment of $30,000 each in addition to a 4-month mentorship for the selected startups.
The accelerator also had 4 companies in its first cohort: Accounteer, a complete cloud accounting solution; KoloPay, a cashless target savings mobile and web application; Tradebuza, a platform for outgrowers, commodities aggregators, exporters and agricultural processors; and PowerCube, providers of affordable power supply using renewable energy.
This new batch of four were selected for the second accelerator programme from over 200 applications received across nine African countries.
They include Gerocare, a healthtech startup that provides subscription-based medical care for the elderly across Nigeria, allowing them regular medical care. Simbi Interactive, an online platform that uses artificial intelligence to help students learn and prepare for exams.
E-Estates, a mobile/web platform that helps estate owners better coordinate their affairs and better communicate with residents, with features including emergency services, guest management and vending for utility bills. And Carido, an online automobile service platform that allows car owners to request for vehicle service in their homes.
According to Tony Idugboe, Vice President and Head of Investments at Itanna, these 4 startups were selected based on their impressive track record. This means with the right investment and nurture they could expand rapidly in the next few years.
The 4 months of mentorship will culminate in a demo day, where the various startups will pitch their solutions to an audience of high network investors, venture funds, entrepreneurs and other partners from the Itanna network. And if lucky, they stand a chance to receive additional funding.
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