World Bank has partnered with iHub to host a One-Week boot camp for startups in East Africa
Traction Camp is a regional acceleration program aimed at nurturing startups in East Africa so as to create globally competitive, growth-oriented, mobile and digital technology businesses. It is a 6-month program that will support Growth-oriented startups in scaling their business through a tailor-made acceleration process designed to take growth-oriented enterprises and startups through a rapid-cycle competitive curriculum and matches them quickly to appropriate capital and business mentor. The program will connect entrepreneurs with the knowledge, capital and markets they need to grow their enterprises.
iHub’s Traction Camp, an acceleration program launched six months ago, and the World Bank’s infoDev program will synchronize their effort and bring in 20 most promising startups into the boot camp. Early June, a total of 21 startups across East Africa got selected into the Traction Camp Accelerator. iHub and World Bank will host a one-week face-to-face boot camp for the startups in the program. The Bootcamp will culminate in a Demo Day and closing cocktail event. { one-week boot camp running from Sept. 18 – 23, 2017. The climax of the boot camp will be marked by a demo day slated for September 22nd at the iHub from 4-8PM. }
The main objectives of the program are: Business Model {Support rapid refinement of business models towards scalability and expansion }, Human Capital { Facilitate human capital development among core startup team members }, Investment Readiness { Increasing investment readiness of entrepreneurs }, Effective Strategies {Enable startups to design effective monetization and customer acquisition strategies }
The startups selected to take part in the programme, which began in June, include 10 from Kenya, namely Illuminum Greenhouses, Shield Finance, Totohealth, Kleva Plus, SunPoynt, DreamAfrica, Bluewave Insurance Agency, Ukulima Tech, MyAfya and SapamaERP.
Uganda is represented by five companies – MobFit, Tamithi, K&G Solar Power, Patasente and Mobilized Construction – and Ethiopia by three, namely ZayRide, Online Hisabu and Business TYC.
Tanzania is represented by Simon Tito Foods and Kokote, while there is one Rwandan startup on the list, a company called Yubeyi.
