NBA Africa Unveils Startup Accelerator

Via Semafor, a report on NBA Africa’s efforts to plug gaps in the continent’s fledgling sports industry supply chain

NBA Africa is trying to plug gaps in the continent’s fledgling sports industry supply chain with a plan to invest and support early-stage startups focused on sports and creative industries in Africa.

The Triple Double: NBA Africa Startup Accelerator program will provide selected startups with access to capital, mentorship from international industry leaders and the chance to work with NBA Africa and the Basketball Africa League (BAL). The league is particularly keen on startups in ticketing, event management, youth development, AI and digital marketing. The program was announced this week in Nairobi at the American Chamber of Commerce’s Business Summit, by NBA Africa CEO Clare Akamanzi alongside US Secretary of Commerce Gina Raimondo and US Trade and Development Agency Director Enoh T. Ebong.

NBA Africa said the accelerator was “in support of” US President Joe Biden’s Digital Transformation with Africa Initiative and will be operated by ALX Ventures, an African startup incubator. Accelerator programs such as Seedstars and Silicon Valley’s Y-Combinator have played an important role in Africa’s tech ecosystem supporting companies in their early stages, including Flutterwave and Paystack.

Startups have until Friday, May 31, to apply online after which the submissions will be narrowed down to the top 10, who will be paired with mentors to provide guidance on product development, business growth and go-to-market strategy. Four final winners will be selected following a demo day slated for September in New York to coincide with the United Nations General Assembly (UNGA).



This entry was posted on Sunday, April 28th, 2024 at 7:16 am and is filed under Uncategorized.  You can follow any responses to this entry through the RSS 2.0 feed.  Both comments and pings are currently closed. 

Comments are closed.


ABOUT
WILDCATS AND BLACK SHEEP
Wildcats & Black Sheep is a personal interest blog dedicated to the identification and evaluation of maverick investment opportunities arising in frontier - and, what some may consider to be, “rogue” or “black sheep” - markets around the world.

Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.