Flapmax, a renowned data and Artificial Intelligence (AI) technology company, has introduced the twelve startups that have been selected for the second phase of the FAST Accelerator program, a joint effort with Microsoft aimed at strengthening and expanding Africa’s digital landscape.
Following the successful completion of a two-week Online Bootcamp, which involved over 60 tech firms undergoing intensive online training guided by experienced mentors, the 12 startups chosen for the FAST Accelerator’s cohort will embark on a comprehensive five-week acceleration program in Silicon Valley, California, starting in October.
Small and Medium Enterprises (SMEs) Program Manager at Microsoft Africa Transformation Office, Mame-Fatou Gueye stated, “Microsoft believes that African startups and SMEs are well-positioned to play a fundamental role in the growth of the African digital economy, providing solutions to local societal and economic challenges. Participation in the FAST Accelerator program will assist these entrepreneurs in seizing growth opportunities and expanding their market presence.”
The FAST Accelerator program received an overwhelming response, with over 1,200 applications from 35 African countries.
These applications spanned a wide range of industries, including Financial Services (128 applications), Healthcare (95 applications), Agriculture (235 applications), Transportation and Logistics (60 applications), Clean Technology and Energy (57 applications), and Creative Media and Entertainment (40 applications).
The applicant pool represented a diverse array of cloud-based products and services catering to businesses across Africa. These startups utilize AI to drive innovation, optimize operations, and address critical challenges within their respective sectors.
The FA23 cohort comprises the following startups:
- Zeeh Africa (FinTech): An AI-powered open banking platform connecting businesses to financial data.
- Sumundi (eCommerce): An intelligent eCommerce platform for Africa’s retail businesses.
- Cotrust Equity (FinTech): Dubbed the “Uber for micro-lending in Africa.”
- Trucki (Supply Chain): An AI-powered haulage infrastructure connecting cargo stakeholders.
- Orange VFX (Creative Media): Provides high-quality animation and visual effects for African businesses.
- 10mg Pharma (HealthTech): Utilizes AI to save costs on medications for chronic pain patients.
- Wallx (FinTech): Offers payment and business solutions for small business owners.
- Moosbu (FinTech): Empowers SMEs with AI for sales and financing.
- KCG Aquatec Fish Farming (AgTech): Provides aquaculture infrastructure to help fish farmers grow sustainably.
- Aibanc (FinTech): Offers AI-powered banking for High Earners Not Rich Yet (HENRY)
- Zendawa Africa (HealthTech): Enables neighborhood pharmacies to sell online.
- Greenbii (FinTech): Offers an AI-driven asset financing and software management platform for SMEs.
Starting on October 23, the FA23 cohort will participate in a wide range of activities, including training, AI integration, business growth, fundraising, and various other engagements.
They will collaborate closely with Intel and Microsoft on co-innovation projects, receive sales and marketing support, and access resources to enhance their market presence.
The FAST Accelerator program's second phase marks a pivotal moment in Africa's tech evolution. With these innovative startups at the helm, the digital landscape of Africa is poised for significant transformation. The journey has just begun, and the future holds promise and potential beyond measure.
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