By Tom Jackson
Last month, Ethiopian ed-tech startup Beblocky, Zimbabwean AI-based health platform Dr Cadx, Kenyan insurtech startup Kakbima, Nigerian payments platform GladePay, and Ghanaian digital bank Pennysmart secured US$25,000 each from The Baobab Network after participating in its accelerator programme.
Not much new there, you may think. Yet this accelerator programme has no cohorts, no fixed location, and no end date. And it is different for every company that takes part. In short, The Baobab Network is doing its best to reinvent how acceleration works in the African tech space.
Formed in 2016 and initially known as New Venture Africa, The Baobab Network began life running intensive, one-week consulting programmes for tech startups across Africa, bringing top talent from its global partner network to work on the ground with local founders. It has broadened its horizons since, after rebranding and raising funding, as it looks to provide additional support for founders, but never intended to build an accelerator programme.
In fact, we actively tried to avoid doing so because of negative connotations with the accelerator model that we’d encountered across the continent,” head of ventures Richard Sears told Disrupt Africa.
“We investigated a number of different models, including joint ventures or Click here to read entire article