Africa-wide

Program

Entrepreneurship

Startupbootcamp - Africa Startup Initiative Programme 2022 for African Tech Startups Movemeback African initiative cover image

Details

Backed by anchor partner Telecel Group, the program is ideal for tech-oriented startups looking to scale through corporate and public sector partnerships. ASIP scout, skill, and scale early-stage startups through intensive coaching and opportunities for pilots and Proof of Concept projects that subsequently open the doors for longer-term commercial agreements.

The Africa Startup Initiative Program is a program founded by Moh Damush, Telecel Group CEO as a CSR activity.  Telecel Group then partnered with Startupbootcamp AfriTech to create the ASIP Accelerator Program which contributes in a meaningful way to the African community to help the young Startups in Africa whose innovative ideas are creating a difference in their communities.

Starting in 2017, the first SBC AfriTech program accelerated 40 incredible African startups that have set an incredibly high bar for the next program.

  • 90% are still operating and scaling at impressive rates
  • 40% have raised follow-on rounds of funding
  • 50% of the startups raising capital have closed rounds at valuations more than 10x since Demo Day

Criteria

To be eligible for the program, your startup:

  • Has to be formally incorporated
  • Has at least 2 people working on the project and devoting at least 50% of their time to the project
  • Has customers or clients using the products or services
  • Is generating revenues from the products or services

Benefits

  • 3-Month Program: An intense 3-month program designed to support entrepreneurs scale their industry-changing technology businesses
  • Masterclasses: Expert-led sessions covering all scaling fundamentals – from business model canvas, lean methodology to fundraising
  • Corporate Partners: Connections to the leading corporates in your industry for pilot projects, partnership opportunities, and as customers
  • Global Network: Unmatched access to a global network of mentors, corporate partners, industry experts, and alumni across 40+ countries
  • Tailored Mentorship: Over 1000 carefully selected mentors who provide hands-on support and valuable introductions
  • Coworking Space: Free desks for your entire team in a dynamic co-working space for the duration of the 3-month program (pandemic depending)
  • Living Expenses: €15K in cash per team to cover living expenses during the program
  • Perks & Discounts: More than €500K+ in exclusive partner deals from leading technology providers such as Amazon, HubSpot, SendGrid, and others
  • Alumni Growth Program: Continued post-program support far after the 3-month program through annual alumni only events, deals and tailored introductions
  • Industry Events: Exclusive opportunities to take part in leading Commerce conferences and events
  • Investor Access: Meet the most active VCs and Angel investors in your industry from around the world
  • Demo Day: A day to celebrate your achievements during the program with 400+ investors, corporates, mentors and press attendees

About Startupbootcamp

Startupbootcamp is a global network of industry focused accelerators. We take startups global by giving them direct access to an international network of the most relevant partners, investors, and mentors in their sector. Startupbootcamp started in 2010 and now operates globally with 20+ industry-focused programs in some of the greatest startup hubs including Amsterdam, San Francisco, London, Berlin.

We support early-stage tech founders to rapidly scale their companies by providing direct access to an international network of the most relevant mentors, partners, and investors in their industry. As each program focuses on an industry, we’re able to provide an unmatched level of support to the startups selected into our programs.