The 3-month program will begin accelerating 10 top startups in September 2017
Startupbootcamp Cape Town is backed by leading corporates BNP Paribas, RCS, and PwC
Call for applications now open – 20 April 2017
Core focus on building innovative solutions and the program is specifically scouting for startups in blockchain, connected devices, payment solutions, capital markets and asset management, integrated supply chain, e-commerce, alternative financing, identity management, digital connectivity, data and behavioral analytics and enabling technologies.
Cape Town, South Africa, 20th April 2017: Startupbootcamp, announced today the launch of their new accelerator program opening in Cape Town. This global industry-focused accelerator group has 18 programs across 13 countries and has seen value in now setting up a footprint in Africa.
The call for applications is focused on sourcing scalable technology solutions applicable to diversified financial services and related industries. The aim is to grow disruptive startups and connect them with dynamic corporates, providing both with an opportunity to collaborate and build the African tech ecosystem.
The launch of this first Startupbootcamp Cape Town program in Africa comes post a trend analysis that found 161 applications to the global program to have originated from African teams in 2016. Additionally, there were 5 South Africa FastTracks in 2015 and 3 in 2016. To date, Startupbootcamp has invested in 8 teams from Africa in total, 3 of which are in the current InsurTech cohort.
With this new and unique program, Startupbootcamp brings together top startups from around the world, a mentor network of renowned industry experts and entrepreneurs and major players in banking, insurance, consultancy, leasing, and technology as founding partners. From a pool of hundreds of applications, Startupbootcamp Cape Town will select the 10 most promising teams, and will provide each team with EUR 15,000 100+ highly engaged mentors from the FinTech, InsurTech and RegTech industries, free office space, a convertible note, access to funding and a network of industry partners, investors and venture capital firms. The 3-month program will kick off in September 2017.
Zach George, co-MD of the Cape Town program says, “We are thrilled that for the very first time in Africa, a comprehensive integrated program exists to provide corporations across multiple industries the ability to engage directly with innovative technology-focused ventures, establish commercial engagements and explore direct investment opportunities”.
Philip Kiracofe, co-MD of Startupbootcamp Cape Town highlighted: “The African tech and digital landscape is growing exponentially, and we firmly believe that the future of innovation will come from Africa. Cape Town is one of the most vibrant and creative hubs on the continent and we are both excited and humbled to contribute by attracting global expertise here. “
The accelerator is anchored by strong corporate sponsors that will support and grow the program and selected startups. Global sponsors include Google cloud, Amazon web services, Intel, and Cisco.
Natacha Baumann, the Head of Innovation and Transformation at BNP Paribas Personal Finance for South Africa, the UK, the Nordics, Belgium, and Germany said, “We are engaging in various open innovation initiatives around the world which is part of our transformation strategy. Like RCS, BNP Paribas Personal Finance is looking for innovative technologies to enhance the customer experience and to improve systems and processes. We are very enthusiastic to start the partnership with Startup Bootcamp in Cape Town what answers…