The Standard Chartered Women in Technology Incubator cohort 4 for Kenya is Africa’s leading women in tech incubator, which is aligning with calls for more diversity in technology and for more opportunities for females to develop entrepreneurial and leadership excellence in Kenya.
The program is an initiative of Standard Chartered in partnership with Strathmore University‘s @iBizAfrica incubator. The program combines world-class startup support with local and international experience to provide Africa’s most competitive and attractive startup incubation program that is focusing on immersive learning, mentorship, and building. And growing Africa’s next iconic startups taking on the continent’s most relevant challenges and opportunities with the support of seed capital.
Standard Chartered Women in Tech Incubator Cohort 4 for Kenyan
Incubation Components: The methodology for the incubator program will address the following core components of business development;
Immersive Learning: Entrepreneurs undergo an in-depth evaluation of the current state of their company operation. This informs the methodology of curriculum delivery meeting the unique needs of each venture
Mentorship & Coaching: In-house mentors coaches walk the incubation journey with entrepreneurs by facilitating customized mentorship and coaching sessions addressing each company’s needs.
Access to Seed Financing: The program enables entrepreneurs to undergo rigorous preparation that allows them to effectively acquire and utilize investments in operations. The program invests 10,000 USD each, for five high potential companies in each cohort.
Business 2 Business Matching: Companies are able to access a rich network of enablers and partners within and outside the ecosystem; enabling them to create sustainable partnerships for business growth.
Applicants must the following eligibility;
- The business must be based in Kenya i.e. be aligned with the needs of Kenyans and also operating in Kenya.
- The company must be tech-enabled and/or leveraging on emerging technologies, including but not limited to; Internet of Things (IoT); Artificial Intelligence; Robotics; Augmented & Virtual Reality; 3D & 4D Printing; Cloud Computing; Big Data; Blockchain; Drone Technology and Biometrics.
- To the eligible, the company must be founded or co-founded by a woman with an equal or majority stake in the company.
- The founder or co-founder of the company must be over 18 years old and a Kenyan citizen or permanent resident.
- Business models must have a clear focus on sustainability and alignment to the Sustainable Development Goals (SDGs).
- The company must be 3 months to less than 2 years of operations.
- Seeking support for proof of concept, customer, product, and business model development.
- Pre-revenue with early traction (users).
- Post revenue is an added advantage, with the creation of a new business module.
Program Thematic Areas
Here are the sectors that are eligible to apply;
- Information Technology.
- Financial Services.
Benefits of Programme
- Accepted individuals or companies will have 12 weeks of an immersive learning experience.
- Will have access to a leading network of coaching experts.
- Free access to B2B networking opportunities.
- Will be offered personalized mentorship sessions to address your unique business needs.
- They will be given the opportunity to join a supportive Women in Tech Alumni Network.
- KES 1,000,000 equity-free grant seed funding for the top five finalists.
- 9 months of ongoing support from Standard Chartered and @iBizAfrica to assist with the go-to-market and scale for the top five finalists.
Terms and Condition
Successful completion of the Women in Tech Virtual Incubation Program is compulsory. If there’s a physical meetup that is necessary, government regulations on COVID 19 health measures must be observed.
For more information and details on how to apply, click on this link to visit WOMEN IN TECH official site