Tech

Pan-African accelerator platform Startupbootcamp AfriTech launches investor syndicate

Published

5 months ago

December 6, 2023

Startupbootcamp AfriTech, a pan-African accelerator platform, has announced the launch of a “mentor-led angel community and investor syndicate” which is designed to connect startups to mentors who will provide both operational help and venture capital.

Founder of the accelerator programme, Henry Ojuor, who announced the launch of the syndicate on Wednesday, said it was an offshoot of its Africa Startup Initiative Programme (ASIP) which was launched in 2021 to support the next generation of early-stage African tech startups disrupting a wide range of sectors.

“The investor syndicate aims to play a pivotal role in showcasing some of the most promising startups from Africa, and providing them with essential support such as funding, access to partnerships and resources,” Ojour said.

“In a concerted effort to ensure that startups within our network receive sustained and enduring value from mentors in our community, while also ensuring that mentors are able to capture some of the value they give to founders.

“We are thrilled to officially announce the inauguration of the OnAfrica Investment Syndicate, a groundbreaking venture facilitated by Startupbootcamp AfriTech.”

He added that the initiative was set to provide selected startups with check sizes ranging from $100,000 to $400,000 in comprehensive support, encompassing funding, mentorship, and guidance from an esteemed team of experienced angel investors.

“By leveraging pre-vetted startup deal flow through Startupbootcamp AfriTech’s extensive scouting network and due diligence frameworks, coupled with exclusive access granted by the Startupbootcamp alumni, members of this syndicate can participate in premier deal flow opportunities emerging from Africa.

“The aim is to do between $3 million and $5 million per year in startup deals through this network, and OnAfrica is calling on angels to join on the journey by submitting interest here,” he stated.

Related Topics:Accelerator Programme Featured Investment Startupbootcamp AfriTech

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Tech

RepAir, Cella partner to launch carbon capture in Kenya

Published

23 hours ago

April 27, 2024

Akanimoh Etim

Global Direct Air Capture (DAC) firm, RepAir, has entered into a partnership with carbon storage technology company, Cella, to launch a first-of-its-kind innovative Carbon Capture and Storage venture in Kenya.

In a statement on its website on Friday, RepAir said the venture will see a replication of its “cultivating partnerships” with storage firms in Europe, U.S. and Africa.

“This storage agreement will streamline the sale of high-quality carbon credits to off-takers, enabling corporations to meet evolving ESG standards, manage offsets and advance towards net zero goals,” the statement issued by RePAir CEO, Amir Amir Shiner, stated.

“Our solution sets a new standard, requiring only 600 kWh per ton of CO2 captured, marking the lowest energy consumption on the market.

“This agreement is perfectly aligned with the launch of our commercial demonstrator in 2025, empowering RepAir to offer high-quality carbon credits to our customers.

“It will see to the establishment of a storage partnership with Cella aimed at creating dedicated value chains for extracting CO2 from the atmosphere and permanently storing it underground through in-situ mineralization.

Corey Pattison, CEO, Cella, who also issued a statement on the partnership, said “by partnering with Cella at our first demonstration site, RepAir can capitalize on two critical resources: the potential for truly permanent, highly verifiable carbon storage via mineralization combined with Kenya’s abundant renewable energy sources.

“Together these resources provide a comprehensive solution for capturing and storing CO2 for off-takers. This collaboration represents an extraordinary opportunity to nurture mutual growth.”

Tech

Intel Liftoff Hackathon 2024 calls for applications from African AI startups

Published

2 days ago

April 26, 2024

Akanimoh Etim

Applications for the 2024 cohort of Intel Liftoff Hackathon has opened for African AI startups designed to bring together aspiring tech entrepreneurs, software developers, and AI enthusiasts to collaborate, innovate, and create solutions to concrete African challenges.

In its second edition, the hackathon welcomes pioneering early-stage AI startup teams from the African continent, delving into experiments with LLM technology, a statement on the website of the organiser stated.

It added that the Intel Liftoff Hackathon for African AI Startups, which will be held online on May 27-31, is themed “Hack and Connect”, and will take place in partnership with Modus Africa, University Mohamed VI Polytechnic, Morocco

Other partners include TUT Hub of Artificial Intelligence Institute of South Africa, Prosper Africa, UM6P Ventures, FAST Accelerator, Innov8 Technology Hubs, and Open Startups International.

“The hackathon will feature hands-on workshops that will allow learning of AI essentials; three days of challenges with mentors to test skills; exhibition opportunities to showcase startups and forge partnerships with industry leaders; and networking opportunities to engage with fellow startups and gain insights from domain experts in the AI ecosystem,” the statement said.

“Winners will be invited to join the Intel Liftoff for Startups programme, and receive unique mentoring sessions with ecosystem partners and marketing opportunities with blog articles,” it concluded.