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Women in Tech Program awards 7 women-led startups with USD 70,000

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  • 7 Kenyan women-led startups awarded USD 70,000 through the Women In Tech Program
  • To date, 64 start-ups have participated in the Women In Tech Program and 32 have been awarded over KES 38.4 Million in seed funding

The Standard Chartered Bank and @iBizAfrica – Strathmore University, through its partnership program the Women in Tech Incubator program has today awarded 7 women-led businesses with USD 70,000 marking the successful conclusion of the 6th cohort of the incubation program.

The award ceremony, themed Leveraging Technology for Impact, was presided over by The Standard Chartered Bank Board Member, Mr. Imtiaz Khan, Standard Chartered Bank Kenya CEO, Kariuki Ngari Strathmore University Vice Chancellor, Dr. Vincent Ogutu, and @iBizAfrica Incubation Centre- Strathmore University Director, Dr. Joseph Sevilla.

The 6th cohort of the Women in Tech Program, launched in March 2023, attracted a pool of over 250 startups from sectors such as agriculture, finance, transportation, health, and the construction industry. 15 women-led startups were shortlisted to undergo a 3-month incubation training modeled around the fundamentals of business idea conceptualization, strategy formulation, the Internet of Things (IoT), marketing, Big Data, and Artificial Intelligence. 

Dr. Vincent Ogutu, the Vice Chancellor at Strathmore University, stated, “As we celebrate the graduation of this Women in Tech Cohort, it’s important to recognize the role of technology in our daily lives. A recent study has shown that only 14.6% of startups in Africa are founded by women; there is hope for a bigger representation. If women receive the right mentorship, training, and coaching, the tech ecosystem in Africa will thrive even more. Currently, 30.9% of all new tech roles are filled by female candidates, showing a slight increase from 29% in the previous year, according to recent statistics. Academia and the private sector need to collaborate more on programs like this that support women-led businesses”.

These 15 teams are an increase from the previous cohorts, where 10 businesses were incubated and 5 startups per cohort received funding.

Speaking during the event, Mr.Kariuki Ngari, CEO, Standard Chartered Bank Kenya & East Africa said, “Supporting women-led enterprises is a key component of our ambition to impact and influence the growth of the SME sector, and the Women in Tech programme enables us to bring this vision to life. We have been able to catalyse growth through our latest cohort and are confident that the entrepreneurs who have gone through the programme will be better positioned to take up the opportunities in across the various sectors that they serve.”

The funding recipients were picked after a rigorous judging process undertaken by accomplished industry experts in both private and public sectors, seasoned entrepreneurs, and academic thought leaders on solution innovation, availability of market opportunity, and social impact in Kenya, among other criteria. 

The seven awarded women-led startups demonstrated excellence based on three main criteria:

  • A female-led start-up business that solves social economic needs in Kenya
  • An innovative startup that utilizes emerging technologies ie. Internet of Things (IoT), Artificial Intelligence, Augmented and virtual Reality; 3D & 4D Printing; Cloud Computing; Big Data; Blockchain; Drone Technology, and Biometrics.
  • A business model with a Sustainable Development Goal (SDG) alignment

The Women In Tech Top 7 startups for this year are as follows:

  1. Sign-With Us – Sign with Us is a Sign language training institution that teaches sign language to anyone around the world who has a passion for sign language, or may interact with a deaf person in their line of work.
  2. Saidiwa  Rides –  Aims to bridge the gap between unreliable public transportation and relatively expensive digital taxis with a novel driver-passenger pairing model that permits daily commuters to share taxi seats and share costs.
  3. Imani Health – An e-wallet that enables people to save specifically for healthcare. It breaks down large payments into piecemeal payments that one can easily pay over time before they need the healthcare service.
  4. Know Learning Ltd – Revolutionizes parental engagement by providing a user-friendly platform that bridges the gap between schools and parents.
  5. PanaCare- A healthcare company that provides affordable telemedicine services using USSD technology for consultations, remote monitoring, and health management tools without internet access.
  6. Rhea Soil Health Management – Rhea provides access to soil testing and agricultural extension services to smallholder farmers, analyzing soil and providing results and fertilizer recommendations through a machine learning-powered recommendation system.
  7. Instruct Africa -Instruct is a legal tech company that leverages tech and data to provide legal assurance to matatu drivers and bodaboda operators. Our mission is to democratize access to justice and legal tools in the informal sector. 

In today’s increasingly digitized landscape, emerging technologies have become essential for startup innovators to integrate into their ventures. Notably, AI startup funding in Kenya is valued at KES 13 billion according to a recent survey. However, the adoption rate of such technologies in Kenya remains relatively low at 28.76%, falling below the global average of 35.17%.

Since its inception, the program has trained more than 64 women-led businesses leveraging on technology by offering mentorship, advisory, coaching, networking opportunities, access to seed capital, and investor forums that help mold their businesses to international standards. To date, 32 startups have been awarded over KES 1.2 million (USD 10,000) in seed funding with the first five cohorts attracting over 2,000 applications.

Nurturing Women in the cybersecurity industry

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International Women’s Day, observed on March 8th each year, serves as a reminder of the need for women’s increased participation in tackling cybercrime and bridging the gender gap in the tech industry.

The cybersecurity sector has long been dominated by men,significantly outnumbering women in the field. To achieve gender equality in the tech industry, it is important to recognize and honor women and girls who are driving transformative technology and digital education.

Ruth Atim, the founder of the Gender Tech Initiative in Uganda, notes that men have dominated cybersecurity due to assumptions that they are naturally more gifted in Science, Technology, Engineering, and Mathematics (STEM), Information and Communication Technology (ICT), and cybersecurity.

“The unconscious bias among teachers and students perpetuates the belief that these fields require innate intelligence, often favoring males. Recruitment firms may also assume that women may not enjoy working in highly technical cybersecurity roles. It is essential to challenge these assumptions and create a more inclusive cybersecurity industry that provides opportunities for success for individuals from marginalized groups,” says Atim.

Despite the significant career growth potential in cybersecurity, women currently make up only a quarter of the global cyber workforce. Atim emphasizes the importance of women’s participation in cyberspace to bridge the digital divide and increase the number of female professionals. A career in Cybersecurity offers a stable and secure profession with ample opportunities for growth.

To bridge the gender gap in cybersecurity, organizations should focus on promoting the field to underrepresented groups, including women, who bring unique perspectives to problem-solving. Tangible incentives and investments should thus be provided to attract, develop, and retain women in cybersecurity.

“While cybersecurity is one of the fastest-paced, rapidly evolving modern industries, this evolution does not appear to apply to the number of women involved in the field. It is crucial to recognize that this lack of diversity in cybersecurity does not stem from an intrinsic lack of opportunities or capabilities on women’s part, but rather a systemic perception of cybersecurity as a ‘male-dominated’ field,” says Atim.

To achieve gender equality, it is necessary to acknowledge the detrimental consequences of the gender digital divide and take steps to narrow it. Establishing links between women and cybersecurity initiatives can reveal deeper connections between cybersecurity leadership and female participation in the field.

In the dynamic field of cybersecurity, women should not allow stereotypes or feelings of not belonging to prevent their participation. By challenging perceptions and embracing opportunities, women can make significant contributions to the cybersecurity industry.

For more information about women in Cybersecurity visit https://womenincybersec.strathmore.edu/

By Wachira Kevin.

Standard Chartered Bank supports women entrepreneurs as it  launches USD 175K Women in Tech program – cohort 6

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The program will see 15 businesses get access to incubation and 7 businesses receive over KES  1.2 million (USD 10,000) in seed money. 

The theme for this year’s cohort is Embracing Equity in Women-Led Tech Businesses. 

29th March 2023 – Nairobi, Kenya: Standard Chartered Kenya in partnership with  @iBizAfrica- Strathmore University has today launched the 6th Cohort of the Women in  Tech (WIT) Incubator Program. The program aims at championing more diversity in  technology and advancing entrepreneurial and leadership excellence for women-led  businesses. Edith Chumba, Standard Chartered Head of Consumer, Private and  Business Banking and Strathmore University Vice Chancellor, Dr. Vincent Ogutu presided over the event at the bank’s Head Office.  

The theme for this year’s cohort, Embracing Equity, is tied to the 2023 International  Women’s Day theme and calls for more inclusion in the digital and technology space. 

The 6th cohort of the Women in Tech program will see 15 applicants participate in a 12-week incubation program with 7 women-led startups receiving seed funding. This is an  increase from the previous cohorts, where 10 businesses were incubated and 5 startups  per cohort received funding. Businesses chosen to participate in the incubation program  will undergo training, coaching, and mentorship offered by the @iBizAfrica- Strathmore  University network of key industry experts, faculty, business leaders, experienced  mentors, and professionals. Through the incubation, all the entrepreneurs will get expert  training in the areas of idea conceptualization, strategy formulation, and marketing which  is key in moving the businesses from incubation to sustainable ventures.

INTERNAL 

Speaking during the launch, Edith Chumba said; 

Technology and innovation are key enablers of digital transformation and socio-economic growth in emerging markets. By empowering women-led businesses in the technology space to thrive, we not only contribute to their business growth but also drive sustainability and inclusion. The Women in Tech Program has been designed to bridge the finance and capacity-building gap that women entrepreneurs face, and we are excited to further champion this cause through an additional cohort. Furthermore, we have now scaled the program to create space for more participants and to channel increased funding to women-led enterprises. We encourage all eligible businesses to apply to the program as the evidence from previous cohorts proves that this is a forward-thinking,  efficient, and transformative program. We are also pleased to continue our partnership  with Strathmore and are grateful for their implementation support for the past 5 cohorts.’’ she concluded 

The focus areas of this cohort will be centered around women-led startups with  components of emerging technologies such as Artificial Intelligence, Internet of Things;  Big Data; Machine Learning; Robotics; Big Data, and Blockchain among others 

Commenting on the need for equity and inclusion of women in entrepreneurship  and leadership was the Strathmore University Vice Chancellor, Dr. Vincent Ogutu  who stated; 

‘’Women do business differently with a substantial number of them leaning towards  social enterprises that make an impact on communities and economies as a whole.  Driven by high work ethic and ambition, Africa holds the largest number of female-led enterprises, which highlights the need for more investment. The entrepreneurial and  professional playing field is not level, which calls for more tools and systems that drive  inclusion and equity, and in this regard, women entrepreneurs are setting the pace for by  challenging societal biases and norms. Strathmore is proud to complement the  advancements made by women entrepreneurs by providing training and capacity-building facilities that make it easier for them to access finance, scale, and innovate. We  are happy to continue our partnership with Standard Chartered through the Women in  Tech Program and are excited to work with the amazing businesses that apply and get  to participate in the program.’’ 

Research indicates that female-led startups in Africa attracted less funding in 2022  compared to male-led startups in the region. Challenged by societal bottlenecks and financing limits, this points to a need for increased capacity building and focused funding  toward female-led enterprises.  

In the venture capital sector, nearly 85 percent of investors are men supporting male  founders, while only 12 percent of VC firm decision-makers are women, but when these  women do make decisions, they are twice as likely to invest in female-founded startups.  Because men constitute the majority of the workforce in technical organizations, men can assist by taking up mentorship roles for women in the computing tech and engineering space. 

Futuremakers by Standard Chartered 

Women in Tech program is part of the Bank’s, Futuremakers by Standard Chartered initiative aimed at reducing social inequality amongst disadvantaged young people – especially girls and persons with disabilities learn, earn, and grow. The initiative empowers the next generation by focusing on education, employability, and entrepreneurship. The  Women in Tech program is a partnership with @iBizAfrica – Strathmore University  Incubation Centre. 

Each year the program trains more than 10 small and medium businesses leveraging on technology by offering mentorship, advisory, coaching, networking opportunities, access to seed capital, and investor forums that help mold their businesses to international standards. 50 start-ups have participated to date, and 25 have been awarded over KES  1.2 million (USD 10,000) in seed funding. 50 businesses have so far gone through the incubation process with the first five cohorts attracting over 2,000 applications. More details on the Women in Tech program can be found at http://www.womenintech.co.ke

About @iBizAfrica, Strathmore University 

@iBizAfrica is the business incubator of Strathmore University, a leading private University in Kenya. The  incubator since 2012 provides a nurturing environment that builds on the potential of the youth to develop  innovative solutions and businesses that work for the common good in society. @iBizAfrica over the years  has provided over 1600 startup companies with training, advisory, mentorship, coaching, networking  opportunities, and access to seed capital and investors. We prepare startups to be investor-ready and  launch into the market through our custom incubation and acceleration programs. 

For more information, please visit http://www.ibizafrica.ac.ke. 

Follow us on our social media pages @iBizAfrica on Twitter and Facebook 

Standard Chartered 

We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets  and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique  diversity, and our heritage and values are expressed in our brand promise, here for good. 

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges. 

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on  Twitter, LinkedIn, Instagram and Facebook. 

Demystifying Taxes for Startup growth

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“Are you tax compliant ?”  

This is a question that often brings bouts of anxiety and fear to startups, and business owners with many opting to bury their heads in the sand, whenever the topic arises. In fact, many startups are afraid to post their business on social media, for fear of the Kenya Revenue Authority (KRA) catching up with them.

However, should this really be the case? Fear, when taxes are mentioned? Where does Kenya rank in terms of taxes?

In 2021, Kenya’s Tax Revenue was reported at USD 3.968 billion as of September this was an improvement from the previous figure reported in the previous month of August of 2.344 USD billion, according to this survey. What is however shocking is that this figure taxed, only made up for 15 % of the population,  according to a recent report which states that although Kenya has 19 million registered voters, only 2.5 million are registered taxpayers.

In order to break down the complexities around taxes for startups, @iBizAfrica Strathmore University in partnership with Standard Chartered Bank convened the third and final Women In Tech Townhall series themed Taxes, IP, and regulation: What every Kenyan startup needs to know, which featured Ms. Corazon Aquino, Senior Marketing and Communications officer at Kenya Revenue Authority (KRA).

It was an insightful and eye-opening session that allowed the current participants and alumni to understand more about the local regulatory landscape, the reprieves, and the incentives available for startups. It sought to bridge the gap between startups and KRA while eliminating the angst that existed on the part of startups and individuals where levies were concerned.

Ms. Corazon Aquino explained the essence of paying taxes and how they were responsible for creating a suitable business infrastructure. She mentioned that Kenya’s infrastructure was increasingly becoming conducive for startups owing to the recently introduced 5G connectivity as well as the digital tax policies being introduced to cater to startups. The conversation comprised the following takeaways;

  1. Tax compliance is not as difficult as it is perceived to be. In order to issue a tax compliance certificate, companies need to file their tax returns on time, even if they are NIL returns. 

It is also important to note that KRA observes the principle of equality when it comes to taxes. A small taxpayer will not be taxed the same amount as a large taxpayer.

  1. Small taxpayers and startups are only required to pay 1% of their gross income as tax. However, for companies and individuals whose gross income or turnover amounts to KES. 24,000, these startups are automatically below the tax bracket. 
  2. Medium-sized enterprise’s taxes are levied at 3% of their gross turnover which applies to companies earning KES.500,000 to KES. 5 million.
  3. Large taxpayers/corporations fall under the Corporate Tax, they, therefore, pay a 30 % tax rate of their net income against their business activities per annum.

2. KRA formulates avenues to reach taxpayers in a convenient way. Customers can now file their taxes from the comfort of their phones  through mobile applications such as:

  1.  KRA M-Service App as well as KRA Tv allowing customers to log in virtually and get assistance through online support and knowledge-sharing sessions on navigating the different types of tax.
  1. Ushuru Mashinani – In a bid to bring services closer to startups, individuals and taxpayers, KRA  introduced the Ushuru Mashinani tour bus which has enabled different regions of the country such as Nanyuki, Marikiti among others to access the services at their own convenience. These regional visits serve as avenues for KRA to enlighten taxpayers on tax compliance matters.

3.  KRA sustainability mechanisms for  Youth and Women-led  Startups to thrive in Kenya.

As a way of encouraging the sustainability of youth and women-led startups, KRA suppliers for tenders, priority is usually accorded to youth and women-led startups as per the constitution.

4. KRA Voluntary Tax Disclosure Program. 

In 2021 KRA launched the Voluntary Tax Disclosure Program which was aimed at allowing taxpayers to confidentially disclose tax liabilities that were previously undisclosed for the purpose of being granted relief of penalties and interest of the tax disclosed.

“We began the Voluntary Tax Disclosure Program last year as a way of allowing individuals /startups to receive waivers on payments. Last year we gave a 100% waiver to those who enrolled, we did not charge penalties, they only paid principal,” Ms. Corazon stated “This year, KRA will be offering a 50% waiver on unpaid taxes. “

The session was the final of a three-part series aimed at bringing together participants of the program to understand more about taxes, IP, and regulation ahead of their graduation slated for December 14th, 2022 whereby 5 women startups out of the 9 startups who went through 9 months of incubation @iBizAfrica  will be funded with USD 10,000 to scale their businesses. 

Since 2017, @iBizAfrica, Incubation Centre – Strathmore University has been a key partner of Standard Chartered Bank through the Standard Chartered Women in Tech Incubator Programme. The program has attracted over 1,150 applicants through 4 Cohorts. 20 businesses have been able to receive seed funding for their businesses.

10 women led businesses picked for incubation and training in the 2022 Standard Chartered Women in Tech Incubator

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  • Women in Technology Incubator Kenya is Africa’s leading incubator programme for female founded businesses, aligning with calls for more diversity in technology, entrepreneurship and for more opportunities for women to develop entrepreneurial and leadership excellence.
  • @iBizAfrica- Strathmore University and Standard Chartered have selected top 10 women led business for the 5th cohort of the program
  • 10 Kenyan companies will access 12 weeks of incubation which will culminate in 5 of them getting  KShs 1,000,000 million in funding to grow their businesses.

30th June 2022, Nairobi Kenya: Standard Chartered Bank in partnership with @iBizAfrica- Strathmore University have shortlisted 10 start- ups for the Women in tech program. The Program targets women led start-ups that are looking to scale up their business through technology.

Standard Chartered Women in Tech (WiT) support female-led entrepreneurial teams with business management training, mentoring and seed funding. This year’s top 10 teams were selected from a pool of over 350 start-ups that had applied for the program. The entrepreneurs will go through 12 weeks of mentorship @iBizAfrica where they will be offered expert training in the areas of business idea conceptualization, strategy formulation and marketing which is key in moving the businesses from incubation to sustainable ventures.

Dr. Joseph Sevilla, Director of @iBizAfrica- Strathmore University said: “This incubator program female led Startups in the ICT sector are envisaged to transform Kenya through innovation. “It’s remarkable how far we have been able to come on this journey of nurturing women-led entrepreneurial visions from the idea stage to marketable and scalable ventures through our coaching and mentoring sessions on entrepreneurial skills. This program, which is in its 5th cohort, has helped transform Kenyan women-led startups into fully-fledged businesses that are thriving and contributing to the country’s economy.”  Dr. Joseph Sevilla, Strathmore University.

Since its inception the Women in tech program has attracted over 1,800 applicants, trained over 40 entrepreneurs and funded 20 women-led startups from the through partnership with the Standard Chartered Bank. The program seeks to further educate, mentor, coach and fund more African female entrepreneurs and innovators whilst also providing women-led startups with practical support to grow and develop their businesses beyond East Africa.

Commenting on the program, Joyce Kibe, Head Corporate Affairs, Brand and Marketing Kenya and EA said: “The programme is designed to help address gender disparity in the technology sector and to use technology to tackle social challenges faced by communities. They are an important part of our entrepreneurship offering within Futuremakers by Standard Chartered, our global initiative to tackle inequality and promote economic inclusion and aligns with our stand to lift participation by creating opportunities for women to contribute to the society and economy”.

The enterprises were shortlisted based on criteria such as demonstrated capacity to execute, clearly defined roles, balanced skill set (team lead, business development, product development and marketing), leveraging technology, availability of Market opportunity and potential socioeconomic impact in Kenya.

‘’Representation matters and more so in the technology industry which continues to be a key driver and enabler of growth and innovation. However, women, who constitute a higher percentage of the global population are still underrepresented in this sector owing to financial and capacity barriers. Over the last 4 years, the Women in Tech program has successfully contributed to filling this gap through capacity building and financing, which has seen participants of the program register sustained growth, create jobs and foster innovation through technology. We look forward to supporting this year’s cohort and congratulate the 10 businesses that have been shortlisted,’’ added Ms. Kibe.

Ms. Diana Mutua, Public Relations Manager @iBizAfrica- Strathmore University said: “Access to finance for women has been and still continues to remain a challenge, with a recent study indicating that 68 per cent of Women-led MSMEs in developing countries lack adequate access to finance, representing a 1.5 trillion financing gap. Women-led enterprises account for 48 per cent of all micro-small and Medium-sized enterprises (MSMEs) which contribute 20 per cent to the overall GDP of Kenya. When we launched this year our theme was “Advancing Global Trends in women-owned businesses”. These trends combined with capacity building, coaching and mentoring will provide opportunities for startup businesses to upscale provide better product solutions”

The Women in Tech Incubator Program is committed to being digital by design, to support female entrepreneurs with technology to grow their businesses. 

The 10 enterprises who will be starting the 12 weeks of mentorship @iBizAfricathe Women in Tech 2022 are: –

1. Pure Purple: A contemporary footwear and accessories brand based in Nairobi Kenya that adds premium value to locally sourced leather, thus creating communal impact.

2. SIAGO: An e-commerce fashion store that makes and sells unique, luxury, free-size dresses targeting the 30+-year-old, plus-size, career woman.

3.Aurora Health Systems: A wearable medical device that uses wireless technology to continuously monitor heart rate and abnormal ECG findings.  Data is generated in real-time and linked to smartphones for a period of 21 days thus preventing acute cardiac conditions.

4. SowPrecise: A farm management system tailor-made for the African farmers to communicate with farm labourers and help them keep track of farming activities.

5.Learning Differently Limited: A learning intervention platform tailor-made to support students/learners with learning disabilities. The courses/training equips parents, teachers, and caregivers with practical learnings that they can incorporate to support their learners.

6.GoBEBA Everything Ltd: GoBEBA offers online retail of household essentials delivered within an hour. They use technology to provide convenience, reduce costs as well as use machine learning for demand planning and delivery optimization.

7. ON MY MIND: A Women’s startup supporting breastfeeding moms with low milk supply to meet their breastfeeding goals, while also promoting their health and wellness by value addition to organic and wholesome products i.e. (herbal teas and lactation cookies)

8. Keyara Botanics: A skincare label that creates products that take care of your skin naturally with raw materials sourced from African farmers which are rich and of healing quality.

9. Sello Designs: A social business that designs and makes sustainable, durable, and timeless bags using leather and kitenge fabric.

10. DigiPath Africa: A Digital Marketing agency that helps organizations and individuals navigate their way online and take their products and services to existing/ new customers using digital marketing.

About @iBizAfrica, Strathmore University

@iBizAfrica is the business incubator of Strathmore University, a leading private University in Kenya. The incubator since 2012 provides a nurturing environment that builds on the potential of the youth to develop innovative solutions and businesses that work for the common good in society. @iBizAfrica over the years has provided over 1200 startup companies with training, advisory, mentorship, coaching, networking opportunities, access to seed capital and investors.  We prepare startups to be investor-ready and launch into the market through our custom incubation and acceleration programs.

For more information, please visit www.ibizafrica.ac.ke.

Follow us on our social media pages @iBizAfrica on Twitter and Facebook

About Standard Chartered.

We are a leading international banking group, with a presence in 59 of the world’s most dynamic markets and serving clients in a further 85. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.

Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on Twitter, LinkedIn and Facebook.

WOMEN IN TECH 5th COHORT LAUNCHED

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The Standard Chartered Bank in partnership with @iBizAfrica – Strathmore University has launched the 5th Cohort of the Women in Tech incubator program. The program aims to support women in entrepreneurial and leadership skills through technology by allocating funding and incubation support.

This year’s theme, “Advancing global trends in women owned businesses” gives an indication that more focus will go towards women owned businesses to come up with corporate global trends which include; emerging technologies, sustainability, and digital economy accelerance.

Speaking during the event, Maureen Mbaka, Chief Administrative Secretary, Ministry of ICT, Innovation and Youth Affairs, said, “Since the onset of the COVID-19 pandemic, many women-led businesses have mushroomed to become important contributors to the economy and this is because women have responded to the COVID-19 crisis with resilience and innovation.”

Makabelo Malumane – Head of Transaction Banking, Standard Chartered Bank said, “What makes the Women in Tech program powerful is not just the seed funding it provides, but the long term mentorship/training that the businesses receive. Over 40 women-founded start-ups have walked this journey with us.”

In the 5th cohort of the Women in Tech program, 10 applicants will be chosen to participate in the 12-week incubation program. These companies will undergo training, coaching and mentorship offered by @iBizAfrica- Strathmore University network of key industry experts, faculty, business leaders, experienced mentors, and professionals.

Through the incubation, all the entrepreneurs will get expert training in the areas of idea conceptualization, strategy formulation and marketing, which is key in moving the businesses from incubation to sustainable ventures.

Speaking during the launch, Mr. Emmanuel Kweyu, Deputy Director @iLabAfrica Research and Innovation Centre, Strathmore University said, “A healthy startup ecosystem is a diverse startup ecosystem. SMEs drive innovation and champion local entrepreneurial growth but women-led businesses tend to face more bias in their entrepreneurial journey. @iBizAfrica recognizes this and wants to give all women entrepreneurs the platform and exposure that they deserve to make them strive to create supportive communities that give them the tools and resources necessary for success. Providing equal opportunities to women-led startups is only the start. By participating in this program, we are certain that these women-led businesses will create and sustain a diverse startup ecosystem to tap into the full potential of emerging technologies and business models.”

Among the thematic areas that will be covered in the 5th cohort is post Covid-19 recovery, along with its intersection with the growth of internet media, AI & Big Data, gender diversity in businesses and green businesses. The 5th cohort provides a unique opportunity for women with unique innovations to grow their entrepreneurial success through capacity building, mentorship, coaching and access to financial support.

The Women in Tech program is part of the bank’s community engagement initiative, Futuremakers, that aims at tackling the issue of inequality and promoting greater economic inclusion for young people in various communities and economies, with a focus on girls and women.

Since the launch in 2017, the Women in Tech program has attracted over 1,150 applications supporting 4 Cohorts. Of the applicants, 41 businesses have gone through the program with 20 teams being awarded USD 10,000 each in seed money. Winning teams have ranged from ecommerce platforms to food supply and nutrition, beauty care, education, insurance, and more.

Women in Tech Cohort 5 will provide a unique opportunity for women with unique innovations to grow their entrepreneurial success through capacity building, mentorship, coaching and access to financial support. It aims to attract businesses using technology and digital resolutions to respond to global trends. 75 businesses will be mentored, 10 incubated and 5 businesses awarded with seed money.

Aiding cervical cancer treatment through technology

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According to the World Health Organization (WHO), cervical cancer is the fourth most common cancer in women, in 2018 an estimated 570 000 women were diagnosed with cervical cancer worldwide and about 311 000 women died from the disease with 85% of the cases being traced to low and middle income countries.

In a deal that will see Strathmore University’s Research and Innovation Centre @iLabAfrica collaborate with IBM research Lab-Nairobi, the Centre will work closely with the Kenyan Ministry of Health to detect, monitor, treat, and prevent upsurge in cervical cancer cases by collecting data for purposes of making evidence-based decisions after analysis. This will be done through the use of modern technology for purposes of diagnosis and treatment of the disease.

Cervical cancer develops in a woman’s cervix and is caused by an infection with high-risk human papillomaviruses (HPV), an extremely common virus transmitted through sexual contact. The disease accounts for a majority of women deaths in developing countries, in sub Saharan Africa, where Kenya belongs, 53 in every 100,000 women are suffering from cervical cancer.

The Deputy Director @iLabAfrica Mr. Emmanuel Kweyu led a team of ten to the successful implementation of an Open Source Laboratory Information System (LIS) in public hospital laboratories in Kenya. The set-up is aimed at providing affordable and sustainable laboratory information system and services for developing countries which will help in early diagnosis and treatment of the killer disease.

The IBM research project will also work to improve on the commitment of University students to their respective communities of origin by engaging them in the raising of awareness on cervical cancer and collection of data on community demographics on the disease for purposes of creating an electronic health database.

When diagnosed, cervical cancer is one of the most successfully treatable forms of cancer, as long as it is detected early and managed effectively. Cancers diagnosed in late stages can also be controlled with appropriate treatment.

In the new system developed by @iLabAfrica, an online database will be created containing all details and test results of patients as tested in Kenyan hospital labs with real time access by health officials, an analysis will be easily conducted periodically on cervical cancer patients to fast track their early treatment processes which can aid in slowing down its spread while saving lives.

With the use of technology to store data on patients’ information, health practitioners will be in a better position to respond quickly due to the existence of data on previous tests, treatments and diagnosis, this will significantly improve the quality of healthcare offered in Kenya.

To know more about the project and what the @iLabAfrica e-Health Department is doing click here to Know more.

WOMEN IN TECH 2020 INTAKE OPEN

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The Search for Women led businesses is back! @iBizAfrica-Strathmore University in Partnership with Standard Chartered Bank Kenya is excited to Launch the Fourth Cohort of the Women in Tech 2020 program. The call for applicants is now open for women led small and medium businesses leveraging on technology and new business models to drive change and grow communities.

Globally, studies show that sub-Saharan Africa boasts the world’s highest rates of women entrepreneurs, at 27%. But female-led tech startups still have some of the lowest numbers across the continent, despite technology firms led by women experiencing a 35% higher return on investment.

The program theme for this year, “Accelerating the Digital Economy through Women Owned Businesses” reinforces the importance of scaling the gains of female focused entrepreneurial programs and expanding their mandate in bridging financing and industry gaps for early stage ventures. 

The Top five participants will win Kes 1 million in seed funding. The teams will be taken through a 12week incubation mentorship and training through the Bank’s Employee Volunteering program. Through the incubation, all the entrepreneurs are offered expert training in the areas of idea conceptualization, strategy formulation and marketing which is key in moving the businesses from incubation to sustainable ventures.

Eligibility Criteria

  1. The business must be based in Kenya i.e. be aligned with the needs of Kenyans and operating in Kenya
  2. The company must be a tech-enabled and/or leveraging on emerging technologies, including but not limited to; Internet of Things (IoT); Artificial Intelligence; Robotics; Augmented & Virtual Reality; 3D & 4D Printing; Cloud Computing; Big Data; Blockchain; Drone Technology and Biometrics.
  3. The company must be founded or cofounded by a woman with an equal or majority stake.
  4. The founder or co founder must be over 18 years old and Kenyan 
  5. Business models must have a clear focus on sustainability and alignment to the Sustainable Development Goals (SDGs).
  6. 3 months to less than 2 years of operations.
  7. Seeking support for proof of concept, customer, product and business model development.
  8. Pre-revenue with early traction (users).
  9. Post revenue is an added advantage, with the creation of a new business module.

Program Thematic Areas

Companies solving for any of the 17 SDGs with operations within, but not limited to the following sectors are eligible to apply for the programme;

  1. Agriculture
  2. Healthcare
  3. Education
  4. Manufacturing
  5. Information Technology
  6. Financial Services
  7. Logistics

Programme Benefits

  1. 12 weeks of an immersive learning experience
  2. Access to a leading network of coaching experts
  3. Access to B2B networking opportunities
  4. Personalized mentorship sessions to address your unique business needs
  5. Opportunity to join a supportive Women in Tech Alumni Network
  6. KES 1,000,000 equity-free grant seed funding for the top five finalists
  7. 9 months ongoing support from Standard Chartered and @iBizAfrica to assist with the go-to market and scale for the top five finalists.

The Women in Technology Incubator program is Africa’s leading women in tech incubator, that supports local tech businesses and calls for more diversity in the Information technology landscape by providing opportunities for women to develop entrepreneurial skills and leadership excellence. 

To register Click here

Know more about the program Click >> https://www.womenintech.co.ke/

Why I quit my finance job to start a restaurant

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Source: Business Daily

Together with her colleagues, Chanya Mwanyota would go to food joints in Upper Hill, Nairobi, where the company she was working for was located. She always found the meals not quite that good for her taste. Her colleagues didn’t find the food value for their money either.

And this sparked a business idea that she went on to later launch. It occurred to her that many other people were possibly not satisfied with the kind of food on offer in restaurants and she wanted to change that.

Armed with Sh700,000 savings in 2018, the former financial compliance officer started Mataam, a restaurant serving Swahili dishes which she felt was lacking in the market.

Few months into the business, she introduced the Nigerian dishes menu following numerous requests from customers most of who congregated at a church located in the same building as her restaurant.

“Since I didn’t want to give customers substandard dishes, I partnered with a Nigerian who brought in a chef and ingredients, then use my kitchen,” says the founder of Soulfood, the company operating Mataam and seven virtual restaurants.

Then she started Mama Ntilie, the affordable version of Mataam, serving meals at lower rates to appeal to customers on a budget. She says the restaurant ran out of food on the first day it opened, attesting to the gap in the market.

Two months later, Shawarma Central was born, then Soul Food that serves food such as French fries, pasta, cheese and bread crammed chicken.

“In an attempt to maintain my sales, I am trying to appeal to every eater out here, hence the numerous restaurants,” she says.

Other virtual restaurants include Grandma Ruks (for traditional meals), Breakfast Republic, Bhajia Shark that specialises in Indian dishes. There is also Mama Jay’s that serves “homely” dishes that people associate with their mums.

Ms Mwanyota notes that she looks at the analytics and decides whether to ramp up the virtual menu, change name or shut it down all together.

Her food supplies are sourced from smallholder farmers as well as from Marikiti and Wakulima markets, both in Nairobi.

All meals are prepared at the kitchen of Mataam Restaurant located in Kilimani, which has a sitting space for 30 customers.

Her virtual restaurants process up to 100 orders a day with prices ranging between Sh100 and Sh2,500 a meal. This earns Soulfood an average revenue of Sh800,000 that goes into paying its seven workers and improving the business.

Ms Mwanyota who quit employment to venture into the business notes that it has not been easy to steer her startup ship to a point of stability.

When she set out to start the business, half of the initial capital went into the lease of restaurant and Sh200,000 was lost to a conman who said he could do the fittings.

The setback was massive and Ms Mwanyota spent five months raising money to run the kitchen even as she paid rent for a business that had not started.

“I had to decide whether I should spend more money trying to get the conman arrested or start off the restaurant with the little I was left with,” she recalls.

So she went to Kamkunji market and purchased three charcoal stoves and went to work. One week into the business, Lady Luck smiled on her path as she got an outside catering job from which she earned enough to buy gas stoves.

Although it has been a steep climb for her in the business world, she says all the hardships she has faced has helped her to be resilient and have the staying power needed in the business world.

Her main role at the restaurant is to oversee the preparation and cooking of meals whose taste she says are unique.

“My biggest role is to pass on the vision to my staff. If I fail to do this, then the whole venture will be a mess,” she says.

While other businesses are struggling amid the covid-19 pandemic, her venture is thriving owing to increased number of customers that are working from home.

Her biggest challenge however is limited geographical coverage as her online restaurants can only be seen by customers within a radius of 3 kms.

Thanks to a roaring success, Soulfood was selected among five women-led start-ups that received Sh1 million seed funding in a programme funded by the Standard Chartered Bank and implemented at iBizAfrica- Strathmore University. The five were awarded after completing three-month incubation at iBizAfrica-Strathmore University’s tech incubator.

Ms Mwanyota says she plans to utilise the funds to open a distribution centres in Westlands and on Mombasa Road to grow her client base.

By LYNET IGADWAH

Check Point Software & Strathmore Unite On Cybersecurity Skill Shortage

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Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cybersecurity solutions globally, has announced that its Check Point SecureAcademy™ education initiative has partnered with @iLabAfrica-Strathmore University, Kenya, to provide a comprehensive cybersecurity curriculum to students, bridging the cybersecurity skills gap and also creating a safer local cyber landscape.

“This partnership with Check Point has come at an opportune time to assist in training our students and equipping them with the right cybersecurity skills. We look forward to having fifty plus students benefit annually from this training programme and join the workforce in empowering the cybersecurity space in Kenya,” says Dr Joseph Sevilla, Director @iLabAfrica-Strathmore University.

WE LOOK FORWARD TO HAVING FIFTY PLUS STUDENTS BENEFIT ANNUALLY FROM THIS TRAINING PROGRAMME AND JOIN THE WORKFORCE IN EMPOWERING THE CYBERSECURITY SPACE IN KENYA.

According to (ISC)2 Cybersecurity Workforce Study 2019 researchStrategies for Building and Growing Strong Cybersecurity Teams, the number of unfilled cybersecurity roles now stands at 4.07 million professionals globally. What causes alarm for those within the security market across Africa is that the ICT courses across a range of disciplines are still quite underdeveloped, as well as the skills required to operate, support and understand the complexities of next-generation technologies and threats.

Check Point SecureAcademy™ promoting skills in Africa

To keep up with the current threat landscape, cybersecurity professionals require a deeper set of skills and insight into cybersecurity. Therefore, students need to be given access to broader cybersecurity knowledge. To address this skills gap, Check Point SecureAcademy™ aims to give students the ability to recognise and resolve IT security threats, develop hands-on experience with leading security solutions and acquire employable real-world skills to protect networks through the programme’s courses.

The @iLabAfrica Centre of Excellence in ICT Innovation and Development at Strathmore University will work closely with Check Point SecureAcademy™ to expose students to Check Point security solutions as an additional part of their curriculum.

IT MAKES SENSE TO USE THESE RESOURCES TO DEVELOP THE SKILLS OF OUR YOUTH TO BECOME THE CYBERSECURITY RESOURCE POOL OF CHOICE, REDUCING UNEMPLOYMENT, FILLING THE SKILLS GAP AND ALSO MAKING FOR A SAFER LOCAL CYBER LANDSCAPE ALL AT ONCE.

“Through partnerships like this, SecureAcademy™ hopes to provide access to world-class educational resources and skill academies. It makes sense to use these resources to develop the skills of our youth to become the cybersecurity resource pool of choice, reducing unemployment, filling the skills gap and also making for a safer local cyber landscape all at once,” says Moses Kiganda, Check Point’s Country Manager, East Africa.

Driving diversity in cybersecurity

One area the partners are looking at keenly is diversity. “While we have seen a large uptake of women studying ICT, it is still a male-dominated subject. We are promoting programmes and events to encourage women to join the ICT field. These include conferences, hackathons, boot camps and STEM classes within high schools,” says Richard Otolo, Cybersecurity Manager @iLabAfrica.

SecureAcademy™ courses are available at 100 universities in 40 countries, helping to shape the cyber-experts of the future. The academy’s network in Africa now consists of universities, across five countries, including Liberia, Morocco, South Africa, Nigeria and with the addition of Strathmore University, Kenya.

WHILE WE HAVE SEEN A LARGE UPTAKE OF WOMEN STUDYING ICT, IT IS STILL A MALE-DOMINATED SUBJECT. WE ARE PROMOTING PROGRAMMES AND EVENTS TO ENCOURAGE WOMEN TO JOIN THE ICT FIELD.

Through key SecureAcademy™ partnerships across the continent, the opportunities available for women to enter the cybersecurity field increases significantly, driving gender diversity and inclusivity.

“We look forward to working more with the Check Point team locally to promote ICT and cybersecurity within Kenya,” concludes Richard.

SOURCE: CIO EastAfrica