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Startupbootcamp AfriTech | MsingiLab

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AcceleratorClosedExpired

Startupbootcamp AfriTech

€15K cash + €450K in-kind services

ExpiredWebsiteEst. 2017

EquityFinTechInsurTechHealthTechAgriTechRetailTechLogisticsSeedEarly Growth

Moderate Gender LensModerate Climate Lens

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Startupbootcamp AfriTech is a 3-month hybrid accelerator for African startups and scaleups, including impact and sustainability ventures. It focuses on Digital Health, InsureTech, AI & Machine Learning, AgriTech, Food Supply IoT & Connectivity, Fintech, Clean & ClimateTech, and Blockchain. Selected startups receive €15K in cash, access to €450K in-kind services, more than €500K in partner deals, mentorship, and introductions to investors, VCs, and angels. The 2023 application cycle closed on 8 September 2023, with the program kicking off on 14 November 2023.

What You Get

Hybrid Acceleration

An intense 3-month accelerator designed to enable growth at speed.

Access to Mentorship

Carefully selected mentors with industry-specific knowledge, who provide hands-on support and valuable introductions.

Events & Engagements

More than €500K+ in exclusive partner deals from leading technology providers such as Amazon, HubSpot, SendGrid, and others.

Capital

Initial investment per startup and access to a global network of investors, VCs and Angels.

How to Apply

Apply via the program application page ('Apply here') while applications are open. The process includes: 1) 1st Meeting with the Scouting Team to discuss your business, proposition, and fit with the focus areas; 2) 2nd Meeting with the Program Director to discuss your goals, expected benefits from the accelerator, and fit with the network; 3) light due diligence covering tech, infrastructure, finance, market, and team; 4) Selection Week, where you pitch and meet stakeholders; 5) selected companies join the program at Program Kick-Off.

Warm Intro

Recommended but not required

Geographic Focus

Africa, South Africa

Decision Timeline

3 months (acceleration)

Key Dates

2023-07-09Application Open

2023-09-07Application Close

2023-10-17Selection days

2023-10-19Startups Announcement

2023-11-13Accelerator Kick-off

2024-02-07Impact Day

Eligibility

Startups & scaleups
Impact & sustainability startups

Traction Required

MVP with early traction

Team Requirements

Strong founding team with market validation

Selection Criteria

Fit with the program's focus areas
Business proposition
Goals and expected benefit from the accelerator
Fit with the Startupbootcamp network
Current stage concerning tech, infrastructure, finance, market, and team
Ratings from multiple jury rooms during Selection Week

Focus Areas

Digital Health

InsureTech

AI & Machine Learning

AgriTech

Food Supply IoT & Connectivity

Fintech

Clean & ClimateTech

Blockchain

What They Look For

Part of global Startupbootcamp network (50+ programs worldwide). Cape Town-based AfriTech program selects 10 startups per cohort. 3-month intensive acceleration. Partners include Old Mutual, RMB, Nedbank. Strong corporate partnership model for market access.

Post-Investment Support

Corporate partner access, mentorship from 200+ mentors, investor intros, €450K in services

Red Flags to Watch

Small cash component. Equity stake. Cape Town-based may not suit all African founders.

Insider Tip

Applicants should show a clear fit with one of the listed focus areas and be ready to explain their business proposition, growth goals, and why the Startupbootcamp network is relevant to them. The process includes two meetings, light due diligence, and Selection Week jury assessments, so teams should prepare concise materials on their tech, market, finance, infrastructure, and team.

2017

Active Since

Yes

Deploying

Notable Investments

Multiple African tech startups across fintech, insurtech, agritech