African accelerator 88mph is accepting applications for its next three month programme in Nairobi, Kenya, with investments of up to US$100,000 available.
88mph concluded its first Cape Town programme last month and its return to Kenya will be its second time running the Nairobi accelerator.
Successful applicants to the programme will receive an investment offer, access to a wide range of domestic and international mentors and introductions to potential follow-on investors.
Nikolai Barnwell, 88mph Nairobi programme director, said: “Unfortunately, the natural course of a startup is to die before succeeding. But we provide the funding and the infrastructure to boost the odds of survival and we now want to look for the next batch of future successful entrepreneurs.”
Six startups completed 88mph’s first programme in Nairboi, including mobile music application Mdundo, which recently launched a subscription service and is now paying royalties to artists.
Barnwell added: “There’s an immense opportunity to build mobile/web startups in Nairobi right now.
“African mobile/web is hands down one of the fastest growing markets in the world and we want to reach out to entrepreneurs who build products and services for hundreds of million mobile/web users that are rapidly popping up on the continent.”
Startups on the programme also receive support from expert entrepreneurs-in-residence and have the opportunity to pitch their startup at the end of the three months at Demo Day, where a host of potential investors will be watching.
88mph, a privately backed investment fund, has to date invested in 23 startups and is open to taking on between eight and 15 teams for the next programme.
The deadline for applications is midnight on July 15. Startups can expect a decision on whether they qualify by August 1 and the programme starts on August 26.
For more information and to apply click here.
