Three SA startups selected for international accelerator

Three SA startups have been accepted into the Startupbootcamp InsurTech startup accelerator, which will take place in London in 2017.

The selection process took place on 29 and 30 November, where ten finalists in total were selected.

The three SA finalists, Aerobotics, Emerge Analytics, and NuvaLaw, were selected out of 633 total applications at first. They were then up against 20 other ventures during the selection process for the positions.

All ten startups will take part in the Startupbootcamp InsurTech startup accelerator programme, which will last for three months. There, they will collaborate with over 400 mentors, partners, and investors in order to build their products.

“I felt extremely proud that three South African teams made it into the top then of the Startupbootcamp InsurTech accelerator intake for 2017. We are proud to have been one of the original investing partners in the programme. The investment is not only of benefit to MMI Holdings and Exponential Ventures but is also starting to make a positive impact on the South African InsurTech ecosystem which has the potential to make a global impact,” says chief exponential officer of Exponential Ventures, Jaco Oosthuizen, in a press release to Ventureburn.

Read more: Three SA startups a step closer to international accelerator

“I am also delighted to see three South African startups entering Startupbootcamp London 2017 InsurTech programme, proof that our programme truly attracts talents from all around the globe,” adds managing director for Startupbootcamp InsurTech, Sabine VanderLinden.

The other seven startups consist of:

• Adapt Ready (New York, US)
• Insure A Thing (London, UK)
• LifeSymb (Kalmar, Sweden)
• Port (London, UK)
• Sharenjoy (Madrid, Spain)
• TikkR (Stockholm, Sweden)
• TrackActive (London, UK)

“These startups deliver very unique and diverse propositions from legal dispute management and drone-enabled algorithmic predictions to highly accurate machine learning based assessments. We look forward to working with these entrepreneurs and helping them accelerate their venture,” concludes VanderLinden.