Twenty-one business to business (B2B) tech startups will participate in the second cohort of the Microsoft GrowthX Accelerator program. They will work to co-create technology solutions with partners such as DHL, Etisalat, EY, Koç Holding, Lulu Hypermarket, and PwC. The startups will spend 12-weeks of virtual and physical workshops and training in the United Arab Emirates, thanks to its partnership with the Abu Dhabi Investment Office (ADIO).
The accelerator program is designed to bridge the gap between corporates and B2B startups across the Middle East and Africa. By connecting them with large corporations with specific problem statements they are looking to solve. The 12-week program runs from March to June 2022. It will empower the B2B tech startups with technology, mentoring and market access.
“We’ve built on the success of the first GrowthX Accelerator says Roberto Croci, Managing Director of Microsoft for Startups. To develop a second edition that is even more hands-on and offers even more value for participating startups, he adds.
“The 21 startups participating in this event will gain incredible knowledge from mentors in the program. That will not only help them scale their businesses but drive real impact across the region. Together with ADIO, we look forward to empowering this second cohort of startups to develop their innovative ideas into next-generation solutions that can further drive our position as a global hub for technology and entrepreneurship.”
Roberto Croci
Here are the startups from across the Middle East and Africa (MEA) region participating in the Microsoft for Startups program.
Meet GrowthX Accelerator program cohort 2 startups
AiFlux – provider of digital solutions to the renewables and oil & gas industries.
DevisionX – supports organizations in the manufacturing industry in building no-code AI-powered digital solutions.
Event Gates (EGT Kontrol AS) – develops AI solutions for security and manufacturing verticals.
Farmdar – empowers farmers with actionable data to lower costs, increase yield, enhance quality and reduce waste.
Farmin – AI-powered platform that delivers critical insights for smart cities.
Greener Crop – supports farmers in leveraging technology to operate profitable farms and harvest sustainable, nutrient-rich and locally grown fruits and vegetables.
AI – a software company with a focus on digitizing physical spaces.
Lune Technologies – developer and manufacturer of fiber optics and terahertz-based technology products for the aerospace, automotive, defence, energy and infrastructure industries.
monak e-services – on-demand delivery service
NutzenTech – provides data and technology-focused B2B and B2G solutions that reduce environmental footprint.
Nybl – a machine learning platform that turns underutilized data into actionable intelligence.
Occicor – helps CPG companies achieve better shelf management by transforming images into actionable data.
Olymon Solutions – provides smart automation solutions to unify the processes of grocers and food traders.
Pivony – a self-service web platform used to discover conversation topics and obtain insights from real user-generated data
PowerDev – unifies the energy market big data from multiple resources and provides a robust SaaS data analysis tool.
Sav – a platform that enables you to manage your finances better and is the most convenient way to achieve your financial goals.
Searover – provides AI and robotic solutions with a focus on predictive and preventive maintenance solutions in solar, wind and hydropower generation.
Swftbox – A plug & play platform that offers retailers faster deliveries (same day, next day) through its courier network and complete fulfilment services.
Trade Capital Partners (TCP) – trade finance FinTech that offers working capital solutions for SMEs and startups in Emerging Markets.
Valorafutbol – a Software as a Service product designed to increase reach, engagement and monetization opportunities for media, sports and entertainment stakeholders.
Workfam – a gamified employee engagement platform
The Microsoft for Startups MEA GrowthX Accelerator program has grown from the 15 startups that participated in the first cohort.
[jetpack_subscription_form subscribe_placeholder=”Enter your email address” show_subscribers_total=”false” button_on_newline=”false” submit_button_text=”Hi, sign up so you can get the latest in breaking news, reviews, opinions, events, opportunities and community updates right in your inbox. ” custom_font_size=”16px” custom_border_radius=”0″ custom_border_weight=”1″ custom_padding=”15″ custom_spacing=”10″ submit_button_classes=”” email_field_classes=”” show_only_email_and_button=”true”]
Flapmax is introducing the first 12 startups to kick off the FAST startup accelerator program. The startup incubation program seeks to help strengthen and scale Africa’s digital ecosystem. In partnership with Microsoft, Flapmax’s twelve-week startup accelerator will begin on March 21st. The 12 startups come from 6 different countries, serve 9 industries, and include 2 female founders.
Flapmax says over 800 applications from 25 countries in Africa were received for the first FAST accelerator cohort. With the highest number of applications coming from Nigeria, Kenya, Uganda, South Africa, Ghana, and Egypt. Industries represented by the application pool included AgTech, EdTech, HealthTech, FinTech and more.
“Microsoft believes that African startups are well-placed to become a cornerstone of the African digital economy, with relevant solutions to local societal challenges. Participation in the FAST startup accelerator program will help these entrepreneurs capture available funding opportunities and plan for growth and future market expansion”
Gerald Maithya, Startups Lead, Microsoft Africa Transformation Office.
“In partnership with the Microsoft team, we are bringing together a unique mix of technology business and innovative entrepreneurs to build and scale societally impactful solutions that enable digital transformation across industries, as well as an introduction to cloud and AI-integration tools designed to unlock new value for their businesses”.
Dave Ojika, founder and CEO, Flapmax
FAST applicants had to be based in Africa, ready to scale or expand within the continent, and have an established product-market fit while addressing one or more Sustainable Development Goals (SDG).
The first Flapmax FAST accelerator cohort features the following startups:
Capsa Technology (app.getCapsa.com) : Online platform to buy and sell invoices for businesses in Africa Nigeria | FinTech | SDG: No Poverty
Silqu (www.Silqu.com): Africa’s most advanced proptech platform in real estate and technology Kenya | PropTech | SDG: Decent Work and Economic Growth
LegitCar (LegitCar.ng): Building Africa’s biggest vehicle data service Nigeria | Automotive | SDG: Sustainable Cities and Communities
VAIS (VAIS.ai): Comprehensive precision agriculture platform powered by AI & earth observation Egypt | AgTech | SDG: Zero Hunger
Snark Health (SnarkHealth.com): Partner with your doctor. Leverage your data. Pay less. Kenya | HealthTech | SDG: Good Health and Well-being
Pade HCM (PadeHCM.com): Automated HR for all African businesses Nigeria | Enterprise Software | SDG: Decent Work and Economic Growth
K-12 EdTech (K12plus.app): Asynchronous and synchronous kindergarten to 12th-grade education app Kenya | EdTech | SDG: Quality Education
Tumaini La Maisha (www.weareTLM.org): Pediatric oncology services Tanzania | Government & Public Service | SDG: Good Health & Well-being
Taimba (Taimba.co.ke): East Africa’s First Data-Driven Food Supply Chain Platform Kenya | AgTech | SDG: Sustainable Cities and Communities
Wala Digital Health (WalaDigital.io): Digital platform for hospitals access to blood that saves lives Ghana | HealthTech | SDG: Good Health and Well-being
KaCyber Technologies (www.KaCyber.com) : Making seamless mobility a reality in Africa Uganda | Mobility | SDG: Decent Work and Economic Growth
Flapmax Learn
Flapmax also announced the launch of its new upskilling and reskilling platform, Flapmax Learn, which would be used during the twelve-week FAST program to facilitate technology and business masterclasses and certifications. The top 100 startups from the FAST applicant pool will receive complimentary access to the Flapmax Learn platform, including the accelerator learning modules and masterclasses.
Beginning March 21, the FAST accelerator cohort will engage in a broad range of activities, including training, business development, cloud & AI integration, fundraising and community-building events designed to help them scale rapidly and sustainably. Microsoft engineering team members will work one-on-one with participants on co-innovation projects ranging from product integrations to new offerings. With the help of the Flapmax engineering team, the startup founders will access new technology tools and services. Participants will benefit from up to $250,000 in Microsoft Azure cloud credits, as well as access to Microsoft 365, Dynamics 365, and Microsoft for Startups Founders Hub, including access to OpenAI APIs.
[jetpack_subscription_form subscribe_placeholder=”Enter your email address” show_subscribers_total=”false” button_on_newline=”false” submit_button_text=”Hi, sign up so you can get the latest in breaking news, reviews, opinions, events, opportunities and community updates right in your inbox. ” custom_font_size=”16px” custom_border_radius=”0″ custom_border_weight=”1″ custom_padding=”15″ custom_spacing=”10″ submit_button_classes=”” email_field_classes=”” show_only_email_and_button=”true”]
Microsoft wants to accelerate the growth of startups in Africa and fast-track investment in Africa’s startup ecosystem. By providing support to 10,000 startups over the next five years to enable them grow. A new partnership with accelerators, tech hubs and incubators across Africa including Grindstone, Greenhouse, FlapMax and Seedstars will seek to provide startups with access to markets, technical skills, and funding opportunities.
Through the intiative, startups will get access to technology, skilling programs and an opportunity to co-sell with Microsoft. They will also get support from Microsoft engineering and product teams for co-innovation opportunities.
Microsoft believes the vibrant African startup market is well placed to become a cornerstone of the continent’s digital economy. However it represents less than one percent of total investments worldwide. Wael Elkabbany, Managing Director, Microsoft Africa Transformation Office, points out, this needs to change.
“Investments into Africa’s startup ecosystem are growing at an exciting pace. According to the Organisation for Economic Co-operation and Development (OECD), there are more than 640 active tech hubs across Africa, accelerating innovation and creating employment, particularly among the youth.”
Wael Elkabbany
Microsoft will also partner with key B2B-focused start-ups, scaleups, “soonicorns” and unicorns across a range of leading African industries. As well as startups concentrating on developing solutions for SMEs. Microsoft will tailor each partnership based on the needs of a startup says Gerald Maithya, Startups Lead, Microsoft Africa Transformation Office.
“We understand that each start-up is unique and exists beyond the limitations of a one-size-fits-all partnership model. Therefore Microsoft will tailor each partnership to the needs of individual start-ups, providing support and access. – Whether to technology, markets and co-sell opportunities, funding or digital skills. – To enable them to grow and contribute to the wider economic growth of Africa,”
[jetpack_subscription_form subscribe_placeholder=”Enter your email address” show_subscribers_total=”false” button_on_newline=”false” submit_button_text=”Hi, sign up so you can get the latest in breaking news, reviews, opinions, events, opportunities and community updates right in your inbox. ” custom_font_size=”16px” custom_border_radius=”0″ custom_border_weight=”1″ custom_padding=”15″ custom_spacing=”10″ submit_button_classes=”” email_field_classes=”” show_only_email_and_button=”true”]
Microsoft is bringing the Startups Founders Hub to startups in Africa through new initiatives by the Africa Transformation Office. The Founders Hub tries to remove traditional barriers that startups face when building a company. African startups will be able to get free access to technology, coaching, and support to hit their next milestone.
The self-service hub, Microsoft Notes, will provide startups with a wide range of resources. This includes access to mentors, skilling content, tools like Microsoft Azure and GitHub, and go-to-market and business support.
The Founders Hub also includes opportunities for startups to sell to Microsoft’s corporate and enterprise customers. Helping with some of the early challenges startups face when it comes to finding customers. Microsoft will also support startups in geo-expansion activities, where startups can scale up by selling in new countries or regions.
“The Founders Hub allows Microsoft to engage with accelerators, incubators and tech hubs across the continent“, says Gerald Maithya, Startups Lead, Microsoft Africa Transformation Office.
Our partnerships with key African accelerators provide crucial support to accelerate growth-stage startups with their business development and market expansion plans.
Gerald Maithya
This is part of new Microsoft initiatives under its Africa Transformation Office to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s start-up ecosystem over the next five years. Including the announcement of $500 million investment funding to enable startups to rapidly scale. And new partnerships with accelerators and incubators to provide startups with access to markets, technical skills and funding.
[jetpack_subscription_form subscribe_placeholder=”Enter your email address” show_subscribers_total=”false” button_on_newline=”false” submit_button_text=”Hi, sign up so you can get the latest in breaking news, reviews, opinions, events, opportunities and community updates right in your inbox. ” custom_font_size=”16px” custom_border_radius=”0″ custom_border_weight=”1″ custom_padding=”15″ custom_spacing=”10″ submit_button_classes=”” email_field_classes=”” show_only_email_and_button=”true”]
Microsoft is announcing plans to support African startups with $500 million in potential funding in partnership with venture capital investors to enable them to rapidly scale using investment funding. This is part of new initiatives under its Africa Transformation Office to accelerate the growth of 10,000 African startups over the next five years. Including the launch of Microsoft Startups Founders Hub in Africa and new partnerships with accelerators and incubators to provide startups with access to markets, technical skills and funding.
Microsoft will establish industry alliances and partnerships with venture capital investors to facilitate access to the $500 million funding. Targeting those with global reach and regional bases with an interest in one or more regions within Africa. The funding will come from a network of venture capital investors, who will dedicate a portion of their financial support to startups in the Microsoft network.
“Our ambition is to see an explosion of local invention”
Wael Elkabbany
The company has established partnerships with key venture capital investors, including Banque Misr, Global Venture Capital and Get Funded Africa. With plans to grow this network of venture capital investors in the next five years. This will allow it to increase funding to startups and enable them to scale up and drive economic growth.
“Our goal in establishing these partnerships with venture capital investors is to extend the network of potential partnerships between Microsoft, venture capital investors and startups, thereby increasing the funding made available to eligible startups,” says Gerald Maithya, Startups Lead, Microsoft Africa Transformation Office.
Microsoft believes the African startup market is well placed to become a cornerstone of the continent’s digital economy, supporting local innovation through relevant solutions to societal challenges.
“Our ambition is to see an explosion of local invention,” says Wael Elkabbany, Managing Director, Microsoft Africa Transformation Office. “That will contribute positively, not just to Africa’s digital economy, but to global society he concludes“.
“There is huge potential for Africa to become a thriving hub of digital innovation on the global start-up landscape.”
Wael Elkabbany
Microsoft hopes to enable digital transformation powered by Africans for Africans with the establishment of the Africa Transformation Office. It will partner with public and private organizations to empower Africans and foster economic prosperity.
[jetpack_subscription_form subscribe_placeholder=”Enter your email address” show_subscribers_total=”false” button_on_newline=”false” submit_button_text=”Hi, sign up so you can get the latest in breaking news, reviews, opinions, events, opportunities and community updates right in your inbox. ” custom_font_size=”16px” custom_border_radius=”0″ custom_border_weight=”1″ custom_padding=”15″ custom_spacing=”10″ submit_button_classes=”” email_field_classes=”” show_only_email_and_button=”true”]
Microsoft and INJAZ Qatar launch Women Technopreneurs, a project to integrate Artificial Intelligence (AI) into women’s entrepreneurship. The Women Technopreneurs project will focus on entrepreneurship with an emphasis on AI technology.
It will seek to increase the knowledge and qualification of young women in tech. So they can use these skills to benefit the integrated field of technology and business. Microsoft will provide AI knowledge and expertise to the participants in this project.
The project will select 30-40 young women, 18-30 years with an interest in a career in technology and AI from academic institutions in Qatar.
The selected participants will receive support, guidance, and assistance from experts, volunteers and members from Microsoft and INJAZ Qatar for 3 months. They will get the opportunity to improve and broaden their skill set. As well as gain hands-on experience and develop a strong work ethic.
Participants will team up to come up with business ideas that integrate Artificial Intelligence and compete against each other. The winning team will be enrolled in an accelerator program at the Qatar Science and Technology Park. Where they will receive intensive training and mentorship to turn their ideas into a commercially viable business.
Speaking at the launch event, Lana Khalaf, Country Manager at Microsoft Qatar said advanced cloud technologies like AI are driving new economic opportunities for the people of Qatar. Noting, It is vital to ensure everyone has access to these economic opportunities. That is why Microsoft is accelerating efforts to close the digital skills gap and promote inclusion and accessibility. The partnership with INJAZ Qatar to launch Women Technopreneurs comes in line with Microsoft’s commitment to empower young women to innovate, lead and succeed in an increasingly digital world.
[jetpack_subscription_form subscribe_placeholder=”Enter your email address” show_subscribers_total=”false” button_on_newline=”false” submit_button_text=”Hi, sign up so you can get the latest in breaking news, reviews, opinions, events, opportunities and community updates right in your inbox. ” custom_font_size=”16px” custom_border_radius=”0″ custom_border_weight=”1″ custom_padding=”15″ custom_spacing=”10″ submit_button_classes=”” email_field_classes=”” show_only_email_and_button=”true”]
