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Thursday, November 9, 2017

Somaliland- Innovate Ventures provides $30 000 start-up investment at Demo Day in Hargeisa

(biznisafrica.com)- Innovate Ventures (www.Innovate.so), a Somali tech and business startup accelerator launched in partnership with VC4A, Telesom and the Work in Progress Alliance, had their second cohort of 10 startups from Somaliland and Somalia graduate from their programme.
This year’s accelerator saw over 400 applications received, building on the traction of last year’s programme. The seed investment provided is $30 000.

“The success of this year’s accelerator programme is down to years of ground work in the region and lessons learned. We are committed to helping the region produce more technology driven businesses that resolve business challenges in the region and tap into untapped markets’. Given the growth of the programme, more applicants and larger investments are expected next year, giving the burgeoning Somali tech startup scene further support,” says Warda Dirir, Innovate Ventures Co-Founder.
The Innovate Accelerator is a 12-week programme intended to support and fund the next wave of Somali startups.
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