Pangea, a platform that claims to connect African startups with international investment & expertise, has launched its accelerator program in Kenya.
In a statement, Pangea says they have entered into a partnership with Strathmore University’s iLabAfrica that will see the accelerator link up Kenyan start-ups from across the industry with investors especially the African diaspora.
As a starting point, Pangea has opened a platform for receiving start-up applications with the successful ones undergoing a 3 month milestone-based acceleration program of which 10 of the final startups will receive funding of up to 50,000 USD each.
According to Pangea’s COO Jonas Tesfu, the startup ecosystem continent-wide, if given the right tools and means to invest is as vibrant as any other industry across the globe. Jonas notes that Africa still remains very attractive as a new startup frontier. “Africans and non-Africans alike are looking to be part of the continent’s rapid development and are seeking ways to make this happen. Together with Innovation Norways and other partners we are keen to make this connection successful.”
