Hive Colab, a technology incubator, celebrated the graduation of 40 startups from the Youth Startup Academy (YSA) Uganda at their recently concluded SWARM Summit. The graduation —which is the third cohort of the YSA Uganda, represented diverse industries and the potential to revolutionize Uganda’s entrepreneurial landscape.
In attendance at the graduation were YSA Uganda graduates from previous cohorts who were invited as panels to share their business experience and to inspire their alumni.
The graduating startups had intensive boot camps, which brought the needed skills and resources to launch and grow successful ventures and seek potential investments.
Emphasizing the importance of youth-driven innovation, the Korean Embassy to Uganda encouraged the present YSA alumni entrepreneurs to follow their goals. Phyllis Kyomuhendo, founder of M-SCAN, said YSA is different from other projects as she was directly linked to business partners.
The Youth Start Academy Uganda is a project funded by the Korea SMEs and Startups Agency (KOSME) under its Ministry of SMEs and Startups Korea and implemented by the International Trade Centre (ITC) and Hive Colab in partnership with the National Information Technology Authority (NITA-U).
The program empowers aspiring young entrepreneurs by fostering a thriving startup ecosystem in Uganda.
The current graduating cohort represents over 700 young entrepreneurs empowered to drive innovation and create job opportunities across the country.
This year’s Swarm Summit was themed “The Future is Now: Emerging Trends Shaping Startup Ecosystems”, highlighting Uganda’s young and innovative minds and aiming to foster innovation, collaboration, and growth in Uganda’s startup community.
The summit included keynote addresses from industry leaders on the current state and future direction of the startup ecosystem and insightful panel discussions.
