Browsing: Women in Tech

Top 10 Women-led businesses for the Women in Tech incubator program

Each year, the programme supports ten small and medium Kenyan female-led entrepreneurial businesses by offering mentorship, advisory, coaching, networking opportunities, access to seed capital and investor forums that help mould their businesses to international standards.

The mentorship takes 12 weeks where the teams are offered expert training in the areas of business idea conceptualization, strategy formulation and marketing, which is key in moving the businesses from incubation to sustainable ventures.

The ten businesses shortlisted from more than 300 applications will compete for up to Ksh1 million in seed funding. Since its inception, 30 start-ups have participated, 15 have been awarded Ksh1 million each in seed funding, and 41 businesses have so far gone through the incubation process, with the first four cohorts attracting 1,150 applications.…

A report by The Women in Tech Africa Summit 2019 showed that despite receiving 50 per cent less venture capital funding, global technology firms led by female entrepreneurs typically achieve a 35 per cent higher return on investment than those managed by men.

In the first half of 2021, African startups raised US$1.19 billion. However, female CEOs raised just 14 per cent of the financing, up from 2 per cent for the same period in 2020.

The African Development Bank puts the funding gap for women entrepreneurs in Africa at US$42 billion.

This should encourage more investors to take a gamble on women-led businesses in Africa’s tech space as they offer promising returns. 

Women in tech on the continent not only drive significant development in the African tech space, but they also simultaneously inspire young girls venturing into tech across the continent to do the same. …

Five Women in tech led companies have bagged Sh1 million ($10,000) each in seed funding courtesy of the Standard Chartered, @iBizAfrica- Strathmore University.

The five teams were selected from a pull of the top 10 teams previously shortlisted and were being incubated at @iBizAfrica-Strathmore University for 6 months where they were offered coaching, mentoring and business management skills to grow their businesses to the next level.

The Exchange sought to find out the reason these five women were picked for the funding.

Among the factors that were considered to select the five winners of this year’s Standard Chartered Women in Technology Incubator 2019 the judges looked at the firms with at least 3 people with demonstrated capacity to execute: clearly defined roles, balanced skill set team lead, business development, product development and marketing. This shows that the firm is in a position to sustain itself in all aspects necessary …