40 start-ups shortlisted for the Standard Chartered Bank, in Partnership with Strathmore University Women in Tech Incubator Fund.
The Tech Incubator has shortlisted 40 teams for the Kes 20 million Standard Chartered Women in Tech Incubator capacity building programme. The 40 have been shortlisted from more than 200 applications in the initiative targeting women-led start up teams of 2 – 3 people leveraging on technology as a key driver of innovation in business. The applicants were drawn from the general public, schools, colleges and universities in Kenya.
The 40 teams will advance to the selection pitch, a two stage process (semi-final and final) that will see only 10 of the best selected for the incubation program to compete for up to KES. 1 million in seed funding.
Dr. Joseph Sevilla, Director of @iBizAfrica- Strathmore University, noted that through the incubator program female-led startups in the ICT sector are envisaged to transform Kenya through innovation.
“This marks the beginning of a journey of innovation that will see top 10 female-led startups transform into viable businesses. We congratulate the shortlisted teams and wish them the best of luck in the remaining selection stages. It’s very encouraging that we received applications from all over the country! We believe the shortlisted teams have great potential for advancing to the finals. We thank our experienced judges for helping us shortlist the top 40 out of more than 180 applications,” added Dr. Joseph Sevilla.
The teams were shortlisted based on performance in the programme’s 100 points criteria such as female founder eligibility above 18 years, Teams of at least three people who demonstrated capacity to execute: clearly defined roles, balanced skill set (team lead, business development, product development and marketing). Addressing problems and solution innovation, availability of Market opportunity and social impact in Kenya.
The launch of the programme in Kenya follows a successful rollout of a similar initiative in USA by Standard Chartered. The Bank first launched the programme to support women in technology in 2014 at the City College of New York where it created the Women Entrepreneurs Resource Center. The US program includes a dedicated workspace, mentorship, coursework and access to an extensive network designed to support entrepreneurs navigating the challenges of starting a business.
The shortlisted teams are:
- Majik Water
- Grassroots Bima
- Taimba Ltd
- Sakal Africa Limited
- Tekkies Kenya Bn-N6gcpm
- Helvetian Company Limited
- Botlab Limited
- Savanna Circuit Technologies Ltd
- Bim Registry
- Catapult Studios
- Greymate Care
- Gari Soko Consulting
- Bamboo Design Afrika Ltd
- Bima Kenya Agency Ltd
- Mimea Poa Consultancy
- Beta Art Kenya
- Bismart Insurance Agency Ltd
- Gawana Rideshare
- Unified Arts
- Niokoe App
- Cnc Kenya
- Brightgreen Renewable Energy
- The Magunga Bookstore
- Bar Limited
- Zalika Creatives Limited
- Mzurii Kenya
- African Solutional Technology
- Rickard Retail Watch
- Somethinggrown Company Ltd
- Bluewave Insurance Agency Limited
For more information contact Bernard Chiira on email@example.com
Join Hilda Moraa, one of Kenya’s top women entrepreneurs for a mentorship session on Co-founder dating. Hilda will deliver a series of mentorship sessions on various issues about building a successful startup!
The first session: Series #1: Co-founder dating: How to find the right Co-founders for your startups! will run on Saturday 23rd April at @iBizAfrica.
It’s all about the People! You think you have a good idea? It’s not good enough without the right co-founder(s) and team, for the “startup marriage” and your idea to flourish. Many early stage startups or aspiring entrepreneurs are held back by the process involved in finding the right partner and team. Not knowing;
When and Where to start looking?
How will you know he/she is the right person to join your “startup marriage”?
How do you go about the process and build relationship?
Join us at iBizAfrica Incubation Centre. Strathmore University on 23rd April 2016, 10am-12:30pm to hear from one of our mentors Hilda Moraa, a successful young tech entrepreneur & Former Weza Tele CEO, who will be leading this discussion and having an engaging peer mentorship session with the participants attending this event. Sign up here to confirm your attendance!
About Hilda Moraa
Hilda is the Founder and former CEO of Weza Tele Ltd, a leading mobile service provider startup in the Fintech space that was acquired in 2015 for more than $1.5M. Hilda has more than 5 years diverse experience in entrepreneurship and developing and scaling startups and innovations across East Africa. Prior to Weza Tele, Hilda spent 5 years in the private sector working for global multi nationals to the likes of Coca-Cola where she was in charge of managing innovations in the supply & distribution value chain. Hilda was also part of the founding team of iHub Research where she led the research strategy across East and West Africa. In the past she has incredulously won various awards and fellowship programs globally e.g. Indiafrica and Oxford.In 2015 she was also featured as one of the top 40 under 40 women by Business Daily. She also has an Msc in entrepreneurship and Degree in Business Information Technology from Strathmore University.
She has continued to champion the local tech scene in Kenya by supporting and mentoring other young techpreneurs through sharing her lessons and entrepreneurial knowledge, experiences in inspiring ways such as through her first book “A Kenyan Startup Journey- 10 Key Lessons I learnt” . She was also a key note speaker at the Global Entrepreneurship summit 2015 and Pivot East 2015.
The brainchild behind Valuraha Group, Wangechi Mwangi, who operates her business at @iBizAfrica Incubation Centre based in Strathmore University has recently been nominated for the Commonwealth Youth Award for Excellence in Development work 2016; among five other finalists in the Africa region. This award goes to individuals in their youth, who are making a positive contribution/impact in a community or country.
Wangechi’s Valuraha group, a startup incubated at Strathmore’s @ILabAfrica Research Centre, was started with the sole purpose of providing financial literacy to young students around the country. Just recently, the group in conjunction with Strathmore School of Finance and Applied Sciences (SFAE) hosted high schools for an investment challenge that saw two students win full scholarships to join Strathmore University for a course of their choice.
The Commonwealth awards are set to demonstrate the organizations plan of action for youth empowerment to: Promote youth participation in decision making: Promote economic empowerment of young people: Take action for equality between young women and young men: Promote peaceful and democratic environment in which human rights flourish: Provide quality education for all Improve access to information and communication technology: Promote health, development and values through sport and culture: Engage young people to protect the environment.
The winner will be awarded £1000.00 pounds to contribute to their development work, a trophy and a certificate from the Commonwealth Secretary-General H.E Kamalesh Sharma.
Congratulations Wangechi for being a Commonwealth Youth Awards Regional finalist 2016.
TechnoServe, the mastermind behind this competition, works with enterprising people in the developing world to build competitive farms, businesses and industries. It is a nonprofit organization that develops business solutions to poverty by linking people to information, capital and markets. Their work is rooted in the idea that given the opportunity, hardworking men and women in even the poorest places can generate income, jobs and wealth for their families and communities.
Vodafone, USAID and TechnoServe believe that mobile agriculture solutions have the potential to improve the livelihoods of rural men and women by dramatically improving their access to income and finance, increasing transparency and reducing transaction processes, driving productivity through increased information, and building resilience for times of crisis.
The aim of the competition is to incubate winning mobile solutions that serve the interests and needs of farmers. It will be held at Strathmore University and winning solutions will be incubated by iBizAfrica. The incubator hubs great business ideas responding to societal needs.
Participants are meant to come up with sustainable, innovative and mobile solutions to challenges faced by women farmers.
- Deadline: 27th August 2015.
- The competition will run between 28th – 29th August 2015, when the winners will be announced and presented with their prizes.
- The innovations to be considered will revolve around financial Inclusion and value addition in agriculture apps.
- Mobile Application Developers and Computer Specialists(ussd,sms, android,web)
- Graphic Designers and Related Specialists.
- Business and Marketing Specialists
- Students and Professionals are both qualified to apply
- Virtual platform to empower women farmers
- Financial activity tracker.
- Capacity building, etc
- 2 months incubation at @iBizAfrica
- Free domain and hosting
- Company registratio
- Training on Digital advertising at @iLabAfrica
- Ticket to exhibit at the Agribiz expo 2016
- 3 months collaboration with Technoserve as a knowledge partner.
For more details and how to apply to this exciting challenge, Kindly visit here