The three Ugandan technological innovations were selected from over 1000 applications globally by an organisation called Startupbootcamp (SBC) Africa, whose stated mission is to support the world’s best entrepreneurs through all stages of their growth.
According to a statement from SBC, the brains behind the three innovations will be invited to the Final Selection camp scheduled between July 11 and 12, 2018 at PwC’s headquarters in Cape Town.
Philip Kiracofe, co-founder and CEO of Startupbootcamp Africa said: “From 1,004 applications we have managed to narrow down to 22 of the most creative teams tackling daunting African problems.
One of the key differentiators for startups that participate in the SBC Accelerator is the opportunity to secure commercial contracts with our sponsors. In order to make it onto our Top 22, each startup has been chosen by at least 2 sponsors for potential proof of concept projects. The 2018 cohort is already shaping up to be a milestone moment for Africa.”
The organisers further indicate that out of the 22 teams that have been invited to the SBC Africa Final Selection Days, 10 will be selected to join the 2018 group.
Over the span of the two Final Selection Days, the startups in attendance will have the opportunity to present their pitches to high-profile corporate sponsors, investors, thought leaders and industry experts and will have the chance to sit down with mentors and sponsors alike.
At the end of Day Two, the Top 10 will be announced and will be welcomed to the Cape Town-based Accelerator that kicks off in August. During the 3-month period, they will have the opportunity to scale at an incredible pace and seal pilot and proof of concept deals with the corporate sponsors to the programme.
The Ugandan startups that have been invited to Final Selection Days are: CoinPesa Ltd, RoundBob Uganda, and Swipe 2 Pay. Other startup ideas came from Nigeria, South Africa, Ivory Coast, Kenya, Ghana and Ireland respectively.
The success for far achieved by Ugandans at the Startupbootcamp is yet another indicator of the creativity and promise by Ugandan technological innovators. The announcement comes about two months after Ugandan innovations topped the list of technological innovations that were submitted compete in the Fall Armyworm Tech Prize.
The competition that is supported by the USAID Feed the Future seeks ideas or solution in the fight against the devastating insect.