Baobab Network To Fund 25 African Startups in its Accelerator Program

The Baobab Network an Africa social impact technology accelerator — has opened applications to African startups to receive a seed-fund of USD$25,000 to help scale their solutions driving innovation, economic growth and social change across the Sub-Saharan Africa.

Since its inauguration in 2016, the network currently works with startups from Ghana, Tanzania, Kenya, Rwanda, Uganda, DRC, Zambia and South Africa. Two Ugandan startups that have received the fund include; Matibabu, and MamaOpe.

The network looks at exceptional founders solving big problems with their solution in MVP and prototype stage. The startups must have a viable business models that improves the lives of customers—and set for a global scale. Successful 25 startups receive a seed-fund of USD$25,000 (roughly UGX.92,121,250).

The network creates a tailor-made accelerator programme for each startup. They receive a week of consulting from industry experts. In addition assigned a dedicated Baobab Venture Partner for 24 months to help speed startup growth and get market and investor ready.[related-posts]

Applications are open now (FOLLOW LINK). The first programme of the year kicks off in Addis Ababa, Ethiopia, on Jan. 28th.

Notably, Matibabu is a Non-invasive diagnostic kit used to detect malaria quickly and accurately without drawing blood. While MamaOpe is a biomedical smart jacket that helps tackle misdiagnosis of pneumonia.

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