Somali Accelerator graduates another cohort of startups and gives $30,000 in investment at the Demo Day in Hargeisa
HARGEISA, November 8, 2017-Innovate Ventures (www.Innovate.so), the leading Somali tech and business startup accelerator launched in partnership with VC4A , Telesom and the Work in Progress! Alliance, had their second cohort of 10 startups from Somaliland and Somalia graduate from their programme. This year’s accelerator saw over 400 applications received, building on the traction of last year’s programme. The seed investment given doubled from $15,000 last year to $30,000.
The Innovate Accelerator is a 12-week programme intended to support and fund the next wave of Somali startups. Mentorship and training was provided by domain experts and entrepreneurs and four startups from the programme received $30,000 in investment from Innovate Ventures Fund.