Tech Lab Africa – A South African Fintech and healthcare startup Accelerator

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Tech Lab Africa is the first programme on the African continent that, in addition to convertible note financing options, will provide ventures the option to use a Simple Agreement for Future Equity (S.A.F.E.) investment structure for immediate financing rounds during and after the programme.

Barclays Africa as well as the mentors, advisors and service providers to Tech Lab Africa will have the option to invest into any of the interested ventures and for a period of up to 6 months post Demo Day, these investors will benefit from a pre-agreed discount to the ventures’ immediate next financing round constituting a capital raise of R1,000,000.00 or more, as specifically defined in this block.

Benefits of joining Tech Lab Africa include:
Mentoring by leading business experts from across industry, senior executives at Barclays Africa, experienced Venture Capitalists (VCs), and other partner professional service organisations, as well as from within Tech Lab Africa’s entrepreneur network
Access to relevant data sets for use in proposition testing and build out
Where appropriate, fast track for proof of concepts projects with Barclays Africa
Direct feedback from target user groups
Strategy development and pitch coaching from expert VC mentors as well as senior Barclays Africa executives
Opportunity to become a supplier to Barclays Africa
Weekly participation in a leadership programme featuring meetings with senior executives, investors and experienced entrepreneurs, together with workshops and panel discussions on topics such as procurement, technology architecture, financial regulations, Intellectual Property strategies and industry trends
For the core management team, an all-inclusive central Cape Town workspace at Barclays Africa’s ‘RISE Cape Town’ hub, situated within the Bandwidth Barn in Woodstock
Increase in industry Public Relations (PR) and profile awareness
Demo Day participation to showcase your technology to Barclays Africa executives, Barclays Africa Private Wealth clients, potential corporate customers, investors and journalists