The Standard Chartered Women in Technology Incubator Kenya Program empowers women entrepreneurs in the tech sector, bridging gender gaps and fostering growth.
It offers a platform for aspiring female innovators to develop skills, access resources, and scale their ventures.
In partnership with Strathmore University’s @iBizAfrica incubator, it provides immersive learning, mentorship, and seed funding of $10,000 for the top 7 finalists.
Type: Training
Deadline
The deadline for the Standard Chartered Women in Technology Incubator Kenya Program is open-ended. However, the date is May 15, 2024.
Benefits of Standard Chartered Women in Technology Incubator Program
Selected participants in the Women in Technology Incubator Program can access a range of benefits, including but not limited to:
- 12 weeks of intensive learning
- Access to top coaching experts
- Networking chances with businesses
- Personalized mentorship tailored to your business
- Membership in a supportive Women in Tech Alumni Network
- $10,000 grant for the top 7 finalists, no strings attached
- 6 months of continued support from Standard Chartered and @iBizAfrica for the top 7 finalists to help with market entry and growth.
Eligibility Requirements for Standard Chartered Women in Technology Incubator Program
Here are the requirements:
- Startups must be registered in Kenya and focus on tech solutions for Kenyan social and economic challenges.
- They can be in any sector.
- Tech solutions must incorporate emerging technologies like AI, IoT, Big Data, etc.
- Women must lead the startup, with at least half of the team being women.
- The principal applicant must be the founder with the majority ownership.
- Startups should be operating for 3 months to 2 years, seeking support for proof of concept, customer, product, and business model development.
- They should have early traction (users), but revenue is preferred.
- They shouldn’t have received more than KES 500,000 investment or participated in a similar program in the last year.
- Startups should focus on addressing any of the 17 Sustainable Development Goals (SDGs).
Requirements for the Standard Chartered Women in Technology
They are looking for the top entrepreneurial minds, specifically women-led tech startups, to lead innovation in business.
The main founder must:
- Be a woman.
- Be over 18 years old.
- Be a Kenyan citizen or have permanent residency.
How to Apply for Standard Chartered Women in Technology Incubator Kenya Program
To apply for the Standard Chartered Women in Technology Incubator Kenya Program, please visit the official website at https://womenintech.co.ke/#/cohort-7. Fill out all the necessary information in the form and submit your application.
Tips for Successful Application for Standard Chartered Women in Technology Incubator Kenya Program
Here are some tips to enhance your chances of a successful application:
- Clear Value Proposition: Clearly explain what makes your startup unique and how it addresses a specific market need or challenge.
- Demonstrate Impact: Show the potential impact of your innovation on society, the environment, or the industry, highlighting its ability to grow and make a lasting difference.
- Strong Team Profile: Highlight the skills and expertise of your team members, emphasizing how they contribute to the success of your venture.
- Financial Viability: Present a solid business model, revenue streams, and financial projections that show the long-term potential and sustainability of your startup.
- Engage with the Community: Get involved in relevant networking events, workshops, and industry forums to build connections and raise awareness of your startup.
Conclusion: The Standard Chartered Women in Technology Incubator Kenya Program offers a crucial opportunity for women entrepreneurs in tech to unleash their potential, drive innovation, and contribute to economic and social development. Through support, mentorship, and a nurturing environment, the program empowers women to turn their tech ideas into impactful ventures, fostering a more inclusive entrepreneurial landscape.
Frequently Asked Questions (FAQs)
Can startups from other countries apply?
Yes, startups from across Africa can apply if they meet the program’s eligibility criteria and focus areas.
How are Applications Reviewed?
Applications are evaluated based on innovation, market potential, impact, scalability, team strength, and alignment with program goals.
What happens After Selection?
Selected participants undergo an intensive incubation and acceleration program, including mentorship, training, funding, and networking opportunities.
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