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startupbootcamp

Startupbootcamp receives 518 applications for first Cape accelerator

Startupbootcamp has received 518 applications for its inaugural Startupbootcamp accelerator programme in Cape Town.

Benjamin Caine, scouting manager at Startupbootcamp Africa, said in an email that the organisation is in the process of selecting the final 10 teams from the 518 applications received. Caine did not say immediately when the 10 would be announced.

The accelerator will be looking for tech startups operating in blockchain, connected devices, payment solutions, asset management, ecommerce, alternative financing, identity management, data and behavioural analytics, digital connectivity, enabling technologies and integrated supply chains.

The three-month accelerator programme will begin in Cape Town on 4 September and will conclude with a Demo Day on 30 November.

The selected teams will each be given €15 000, a free working space, access to investors and opportunities to attend industry events. In addition participants will benefit from mentorship by seasoned industry experts. In return Startupbootcamp will take an 8% equity stake in those startups selected for the programme.

‘Startupbootcamp is in the process of selecting the final 10 teams for accelerator programme’

Startupbootcamp announced the launch of the programme in April.

Read more: Startupbootcamp launches its first African-based programme

Startupbootcamp has a global network of 20 accelerators across the globe. Philip Kiracofe and Zachariah George who have both previously worked with Tech Lab Africa are heading the Startupbootcamp Cape Town team.

Between May and July, as part of its FastTrack World Tour, Startupbootcamp has held mentoring events in Nigeria, Kenya, Ghana, Uganda, Egypt and the Ivory Coast.

Startupbootcamp will also be holding an event to showcase South African Insuretech startups in Johannesburg on 14 August and Cape Town on 17 August.

Read more: Startupbootcamp InsurTech fasttracks head to Johannesburg, Cape Town

Featured image: Startup Mena via Flickr (CC 2.0 BY-SA, resized)