Today, Kenyan seed investment fund 88mph launched its accelerator program in Africa, aiming to invest in another 8-15 startups that target the African mobile/web market.
88mph has invested in 7 Kenyan technology startups since August 2011.
For the upcoming program, tech startups must apply before August 15th on the website, 88mph.ac.
88mph offers up to a $24k investment in exchange of 6 – 18% equity. Altogether 8 – 15 teams will receive an investment and will get accepted into the 3-month program, starting on September 15th in Nairobi, Kenya.
Who is eligible?
The 88mph accelerator program is looking to attract both local and international applicants. Particular focus has been set on attracting talent from the African diaspora.
“Kenyans, and other African nationalities, who are currently working or studying abroad are increasingly looking for an opportunity to return home. These people bring a mix of talent, good education, professionalism, world exposure, and an understanding of local market demands and consumer traits. We hope to offer them an opportunity to return to Africa by providing funding, office, infrastructure and networks in a market with immense opportunity”, says Nikolai Barnwell, program manager at 88mph.
source: cpafrica
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