Promising Startups in 2018
Pangea, an international startup accelerator, has selected 40 promising startups that will benefit from a three-month milestone-based programme in collaboration with Strathmore University’s @iBizAfrica. From this group, up to 10 startups stand a chance to be chosen to receive initial funding of up to US$50,000 each.
Pangea received a total of 403 applications from. The 2 largest sources of these applications were Kenya and Nigeria with 220 applications from Kenya and 107 applications from Nigeria.
Applications to the pangea accelerator were open to African Startups at either the pre-revenue stage or already generating a revenue. In addition, the startups were required to show that capability to create jobs in their respective communities.
Pangea’s plan comprises the launch of a crowd investment platform in June 2018, allowing accelerated startups further access to funding. Often faced with a lack of access to capital and the expertise to scale globally, startups in Kenya stand to benefit greatly from Pangea’s crowd investment platform and it’s business development networks across the globe.
The 40 Selected Startups