The Africa Technology & Innovation Accelerator (AfTIA) programme has invited the first lot of startups to submit their applications. AfTIA is receiving applications on Technology in Finance (FinTech), Technology in Agriculture (AgriTech), Technology in Education (EdTech), Technology in Governance (GovTech) and Technology in Health (HealthTech).
This was unveiled during the Nairobi Innovation Week to enable Computing for Development Laboratory located at the University of Nairobi to incubate and accelerate startups and facilitate commercialization of innovations.The innovation lab gets projects from staff and students of the University of Nairobi as well as external applicants are eligible. Among the acceleration services offered at AfTIA will include a seed funding of KES511, 450 (USD 5,000) per startup and specialized startup development training, links to potential sponsors and personalized coaching on business development.
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For innovators to succeed in the competition they must have registered their innovation with relevant regulatory agencies, must provide proof of ownership of the innovation, the innovation should be original and authentic, the kind of innovation should have demonstrated potential for commercialization and it has to be relevant to Kenya’s development agenda. Lastly, the innovation must not be incubated in another incubator at the same time.
For interested applicants they can log on AfTIA website and make submissions before September 30, 2015.