Nigerian online retail startup, FoodLocker, was among the selected startups and will participate in the 6-month-long programme. Other startups include Kenyan last-mile FMCG startup Bwala Africa and three South African startups — medical booking platform LocumBase, medtech company Envisionit Deep AI, and biomedical startup Akili Labs.
According to FFA, all five startups have product offerings directed at the continent’s fintech and healthtech sectors. Aided by the technical and operational expertise offered at the programme, these startups will have the opportunity to access an investment of £30,000 ($40,000) as well as £220,000 ($287,000) in various support services like product development, data science, engineering, business development and growth marketing.
Co-founder and CEO of Founders Factory Africa, Roo Rogers, gave his reasons on why the startups were selected.