Ten Ghanaian companies are to benefit from an Africa Startup Initiative Programme (ASIP)powered by Startup boot camp AfriTech.
Telecel Group,which is leading the training programme is helping to develop new businesses across the continent by working with startups and early-stage companies to define their business strategy and secure funding.
Seventy-six (76)Ghanaian start-ups took part in the competition to select the 10 companies after they completed their applications to join CohortII of the ASIP acceleration programme which was heldon January 20, 2022.
All the 76 businesses,pitched their innovative solutions at the Impact Hub in Osu, Accra, to an experienced panel of judges and mentors.
The top finalists will get the opportunity to benefit from approximately $750,000 earmarked in both cash and support.
The Pan-African tour of Cohort II of Telecel Group ASIP Accelerator programmeevent has already made stops in South Africa, Kenya, and Nigeria.
Speaking at the start of the competition, the Executive Deputy of Telecel Group and ASIP Director, Eleanor Azar, said Telecel Group remains committed to developing the next generation of Tech businesses and entrepreneurs for the continent.
The Africa Startup Initiative Programme (ASIP) in its first year after its launch in 2019 offered sponsorship to over 20 African Start-ups .
The first Cohort,she noted was highly successful and had a total of 2229 entries after which finalists from various African countries went on to pitch in the grand finale in Dakar Senegal.
“ASIP was founded by Telecel Group CEO, Moh Damush. It was officially launched at the
Mobile World Congress in Barcelona in 2019 in the presence of African ICT Ministers, representatives from the United Nations, Investors and Entrepreneurs in the IT and Telecommunication sector”, she noted.
“Since then, we have sponsored and invested in a wide range of startups from all over the continent. We met Startup boot camp during an Africa Com event in November 2019 and saw a lot of synergies in what we both want to achieve and so we joined forces and resources, hence our partnership and I must emphasise that we are very pleased with what we have collectively achieved”, she added.
Telecel Group , she emphasised has four lines of business: Telecel Mobile, Telecel Global, Telecel Play and ASIP.
The ASIP programme, she further noted is to recruit top innovative startups in Africa and offer them support and guidance.