- Kosmos Innovation Center invests nearly $500,000 in 23 ventures via its incubator.
- Chem-pe secures $10,000 as winner of the 3i Africa Summit Pitch competition.
- SAYeTECH picked for the AgFunder’s GROW Impact Accelerator, securing $100,000.
- MEST Africa selects 12 startups for the Mastercard Foundation EdTech Fellowship Program.
- 25 startups selected for the fourth cohort of UNICEF StartUp Lab Accelerator Program.
- Zeepay receives outbound remittance approval by the Bank of Ghana.
Funding
- Kosmos Innovation Center invested nearly $500,000 in 23 ventures via its incubator. The twenty-three ventures include cutting edge biotechs and agritech startups that are transforming low-value agricultural waste into scalable carbon removal solutions, premium cosmetic ingredients, organic fertilisers and eco-friendly and biodegradable cleaning detergents.
- Chem-pe, the restaurant-tech startup was crowned the winner of the 3i Africa Summit Pitch competition. The company competed fiercely against nine other startups mainly from Ghana and Nigeria and went home with a $10,000 cash prize.
- SAYeTECH has been selected for the AgFunder’s GROW Impact Accelerator. As part of the program, the company will reecive an equity investment of $100,000. Founded in 2018 by Jeffrey Appiagyei and Theodore Ohene-Botchway, it designs and manufactures smart agricultural machinery powered by loT.
Accelerator
- 25 startups have been selected for the fourth cohort of UNICEF StartUp Lab Accelerator Program. The early-stage companies are addressing challenges in education, health, climate action, food and agriculture, finance, circular economy, frontier and assistive technologies, and mobility. The program will provide intense, hands-on, practical business acceleration support, mentorship, networking opportunities, and access to up to GHS 30,000 in prototyping funding.
- MEST Africa selected 12 startups for the Mastercard Foundation EdTech Fellowship Program. In addition to the acceleration support each company will also receive $60,000 equity-free funding and access to other funding opportunities to fuel the growth and sustainability of your business.
Regulation
- Zeepay scores a regulatory win-win, grabbing regulatory approval from the Bank of Ghana for outbound money transfer services within the sandbox and both inbound and outbound remittance approval from the Bank of Zambia. A little birdie told us that Zeepay’s approval process has been in the works for close to 2 years. In Ghana, the approval will enable peer-to-peer outbound remittances across corridors such as Ivory Coast, Nigeria, the United States, and the United Kingdom.