Supercharging Somali Startups since 2012
Innovate Ventures is the leading Somali start-up accelerator and technology fund. The program partners with VC4A, Telesom, and Oxfam as part of Work in Progress! project. To date, the program has graduated over 60 start-ups and has invested almost $200,000 in its graduates. As part of the acceleration package, you will receive training, mentorship by domain experts, access to an extensive business network, visibility, and a chance to get investment.
| Program dates | Jun 1 - Jul 31, 2021 |
| Organizer | Innovate Ventures |
| Website | Visit website |
| Targets | Somalia |
| Sectors | Adtech, Agribusiness, Business services, Computer software, Creative, media and entertainment, E-commerce, EdTech, Education, Financial services, Fintech, HealthTech, Internet, Media production, Mobile, Telecom |
Complete the application form before June 30th to qualify for the accelerator program. You will hear back from the Innovate Ventures team within four weeks whether your start-up has been selected.
If selected, you will be asked to participate in our 1-week pre-accelerator bootcamp. After the bootcamp, 12 startups will advance to the main program. The program will take place in Hargeisa.
The program will conclude in a Demo Day, where start-ups will pitch to a room full of local and international investors and media. The top 3 start-ups will receive up to $30,000 in equity investment from the Innovate Ventures Fund.
Submit your application today! Applications close 30 June, 2020.
Innovate Ventures is the leading start-up accelerator and technology fund in Somaliland and Somalia. Innovate Ventures was created to propel and accelerate technology start-ups in Somalia and Somaliland, support the next wave of Somali entrepreneurs, and grow the nascent start-up ecosystem in the country. Innovate Ventures have run coding camps, incubators, and accelerators in the Somali region since 2012.
The Work in Progress! Alliance is focused on unlocking the economic potential of young women and men in Egypt, Nigeria, and Somalia. The project aims to enable them to generate sustainable and living incomes – by finding regular employment or starting enterprises. Alliance partners include Oxfam, VC4A and Butterfly Works.
VC4A is a platform for startup funding and dedicated to building game-changing companies on the African continent and supporting the growth of Africa’s startup ecosystem.
Telesom Company is the largest and leading telecommunication services provider in Somaliland founded in 1999, and in collaboration with more than 230 shareholders. The company officially operating in November 2001, at the same time, the sole has opened centers in regions of the country, issue a new autonomous services company in the nation to offer. It is the company’s biggest and most people use in Somaliland.
| Name | Country | Sector(s) | Stage |
|---|---|---|---|
| Aweli Aviation Academy Aweli Aviation is one of Training schools in Somaliland. | Somalia | Transport and logistics | Idea/Concept stage |
| Moumin Technology Firm Responsive to the emerging new technology of the ICT Market in Somalia | Somalia | ICT, Information technology | Growth stage |
| Kalluunsan Fish Distributor Company Delivering fresh fish to our customers via cashless | Somalia | E-commerce | Startup stage |
| Johar Online Academy Johar Academy facilitates online secondary courses through mobile app | Somalia | Educational services | Mature stage |