Innovate Ventures has announced the 12 early stage Somali startups to be accepted into the 2016 Innovate Accelerator in Hargeisa, Somaliland. In partnership with VC4Africa and Oxfam (as part of Work in Progress Alliance) and Telesom Company, Innovate Ventures will be running the first of its kind tech accelerator.
The Innovate accelerator programme received over 160 applications from Somali tech startups. The selection was based on the quality of their application, how much traction they have had, the quality of the team and the viability of the product.
The 12 startups to be accepted into the programme are:
The tech startups will undergo a rigorous 10-week programme and receive mentoring and training on how to build a commercially viable and scalable technology business. The programme will culminate in a Demo Day in November in Hargeisa where the start-ups will pitch to potential investors, and the top 3 startups will receive a total of $10,000 in equity investment from the Innovate Ventures Fund.