Norwegian accelerator Pangea has partnered with Strathmore University’s iLab Africa to link up Kenyan start-ups with global investors and mentors. Apart from iLab Africa, other advisers include impact investor Francis Stevens, associate professor Rotem Shneor and Michael Monari, the chief executive officer at Longitude Finance (Lofin), a venture capital firm in Kenya.
Pangea has opened an online platform to receive applications from start-up in ICT, agribusiness, fintech, healthcare and education sectors until February 19. Applicants must address a gap in society.
The programme will select 40 start-ups that will undergo a three-month training. It will eventually pick 10 best start-ups an run a demo and conclude with a demo-day on April 3. The winners will receive initial funding of up to Sh5 million ($50,000). Pangea’s plan comprises the launch of a crowd investment platform in June 2018, allowing accelerated startups further access to funding.