On Monday 2nd October 2017, @iBizAfrica in partnership with Standard Chartered Bank launched Women in Technology Incubator program at Strathmore University. The programme is Africa’s leading women in tech incubator, aligning with calls for more diversity in technology and for more opportunities for women to develop entrepreneurial and leadership expertise.
Speaking during the launch Sunil Kaushal, Standard Charted Bank Regional CEO (Africa Middle East), talked about the growing gender digital divide on socio-economic practices, which he said have resulted in women lagging behind in training and eventually starved off financial opportunities. Laming Manjang – CEO, Kenya, and East Africa from Standard Charted Bank took to the podium and in his remarks emphasized how sustainability is a core priority for Standard Charted Bank work and they will do this by empowering entrepreneurs.
The event was officially launched by Sammy Itemere, Kenya Government Principal Secretary of Broadcast, and Telecommunications who talked about how the government has and is still putting up measures that ensure technology is accessible to everyone. He also talked about how the launch of the incubator is important for our country Kenya as investing in women is insurance for our country and the future.
During the event, there was an all-women discussion panel that talked about women entrepreneurs; cost of technology in running business and digital divide. The panel talked about how it is important for women to access more hands on training, mentoring, long-term engagement to help businesses grow, while funding is important, it is not enough. Ms. Anne Mutahi, board chairperson of Standard charted in her remarks talked about how the incubator will break the barriers women have in getting into the technology field.
The Standard Chartered team together with the Principal Secretary then went for the tour of the incubation facility at @iBizAfrica where the selected women who will take part in the program will be incubated.
The program will combine world-class startup support with local and international experience to provide Africa’s most competitive and attractive startup incubation program focusing immersive learning, mentorship, building and growing Africa’s next iconic startups taking on the continent’s most relevant challenges and opportunities.
The participants who will apply online will then be invited for a pitch to a panel of judges will then select the top 10 contestants who will go through a 10-week incubation period where they will be coached and mentored. Five of the lucky participants will stand a chance of winning $10,000 to help grow their business.
To be able to take part in the program, please apply here.
The Idea Foundation Seed Stage Accelerator is a three months long incubation program that empowers entrepreneurs to launch globally scalable innovation-driven startups that solve relevant local challenges.
Selection-Our selection process is a unique full-day workshop and pitch presentation (after a week) where participants are trained and equipped with the most relevant lean startup tools to conduct customer discovery and validation. Teams then pitch to demonstrate customer-problem fit. The teams are also trained and equipped with the tools and skills for business modeling. They develop a business model to be tested during the incubation period. Teams that pass the selection interview and already having proof of concept and early traction (users and customers) proceed to submit an application for seed funding to IDEA Foundation.
Training-Selected teams undergo an intense two weeks curriculum designed to quickly orient them into the nuances of business skills, entrepreneurship and lean startup techniques. The training will equip the participants with the knowledge and skills across entrepreneurship, business modeling, team development, business processes, presentation skills and pitching, product development and lean startup methodology. Classes take place in the evening from 5:30 to 8:30 pm and on Saturdays from 9:30 am to 12:30 pm.
Mentoring and Coaching-Teams will have access to top mentors and coaches from industry and Strathmore University.
MVP and Proof of Concept-Concurrently with the training, teams embark on building an MVP for proof of concept. They also run experiment to test the business model. The duration for this is one month. Teams pitch to demonstrate proof of concept and to submit application for seed funding.
Seed Funding-Applications for seed funding are submitted to the selection committee that approves them of review by the Idea Foundation Investment Committee. Applicants can apply upto KES. 500,000.
Who Should Apply
- The program is open to teams lead by Strathmore Students and Alumni only. Women and alumni are highly encouraged to apply.
- The program is open to small synergized entrepreneurial teams with balanced skill sets, relevant experience and passion to execute and succeed.
- Applicants must be Strathmore Students or Alumni (At least one applicant in the team).
- Applicants must be in a team of 2 to three people with relevant technical and business skills required in the startup.
- Applicants must be physically available to participate in the program during the entire duration of the program.
- Only the applicants that will successfully complete the selection workshop will be admitted into the program.
- Applicant must demonstrate innovation and address relevant local challenges with impact on the sustainable Development Goals
Themed Categories for the Program
- Agritech-Innovations in agriculture
- Edtech-Innvations in education
- Governance and Ethics
Duration: 3 months
- Open Call for Applications-27th April 2017
- Deadline call for applications-27th May 2017
- Incubation-May-August 2017
To apply to this call. Please fill in this form.
The Safaricom AppWiz Challenge is finally coming to an end. @iBizAfrica and Safaricom invite you to the Appwiz Apps Presentation. 17 mobile application development companies will showcase their latest innovative mobile apps and give Demos to participants. Come and Applaud our innovators!
Apps in the following categories will be showcased:
- Public Utilities
The event will take place at Strathmore University Auditorium on 29th October from 9am to 1pm. You are welcome to come along and bring your friends too!!
Kindly register your participation at this link: https://appwizpresentation.eventbrite.com