Microsoft-backed FAST Accelerator launches 2nd cohort of AI to boost African Startups

Flapmax an Artificial Intelligence (AI) company enriching lives through innovation, has announced the launch of the second FAST Accelerator program.

It is designed to support and fund the next generation of innovative companies and entrepreneurs throughout the African continent.

Building on the success of the inaugural program, FAST Accelerator 2023 offers a transformative experience for startup founders seeking to scale rapidly and sustainably. More than 800 startups from 25+ countries applied to join the inaugural programme.

“FAST Accelerator represents our commitment to supporting ambitious entrepreneurs who are driving sustainable innovation across the continent of Africa and emerging markets,” said Dr. Dave Ojika, CEO of Flapmax.

In partnership with Microsoft, the FAST Accelerator initiative combines business development, technology integration, funding opportunities, and community building to empower startup companies based in Africa and emerging markets to deliver sustainable solutions. It also provides dedicated venture funding and invaluable mentorship opportunities.

The top ten FAST Accelerator 2023 startup participants will be selected for a five-week program in Silicon Valley, California, to forge relationships with industry experts, potential investors, and global partners through Flapmax’s vibrant ecosystem of over 600 corporate partners.

Startup leaders are encouraged to apply to FAST Accelerator this July. To be eligible, startups must be based in Africa, prepared to scale or expand throughout the continent, and have demonstrated established product-market fit and revenue generation.

The program is prioritizing business-to-business startups for this cohort, with the areas of healthcare, fintech, Edutech, and industrials/agtech of particular interest. Sustainability and deeptech startups are also encouraged to apply.

Program participants must be available and committed for the entire duration of the program, which includes a two-week virtual bootcamp in August 2023, followed by a five-week accelerator program in October in California. The journey begins with an intensive virtual bootcamp designed to validate startup ideas, refine business models, and prepare founders for the next stage of growth. Next, the top startups are selected to join a five-week accelerator program on the ground in Silicon Valley to experience unparalleled acceleration, networking, and fundraising opportunities, while immersing themselves in the dynamic startup ecosystem of Silicon Valley.

“At Snark Health, we are pioneering a novel approach to healthcare payment solutions, and our collaboration with FAST Accelerator has been instrumental in driving our growth,” said Edwin Lubanga, co-founder and CTO of Snark Health. “Through FAST’s support, we have gained access to critical infrastructure, enabling us to deploy our services at scale. Working in conjunction with Microsoft and Azure services and partnering with hospitals in Kenya, we are determined to deliver equitable and affordable healthcare to tens of thousands of SMEs and health centers across Africa, creating a lasting impact on the healthcare landscape.”

“As a HR technology company dedicated to building world-class software solutions for businesses, we are delighted to have participated in the transformative FAST Accelerator program in 2022,” stated Lekan Omotosho, co-founder and CTO of Pade.

Monitor Your Business Transaction

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

Related Articles

Back to top button