Startup Savanna, a business acceleration initiative, has been created by Kenya’s Ministry of Industrialization, Trade and Enterprise Development (MoITED). The goal of the program is to connect Kenyan companies with worldwide angel investor and business assistance networks.
Betty Maina, Cabinet Secretary, MoITED, spoke during the opening, expressing confidence in the initiative and stating that it establishes a solid government-bank pipeline for local entrepreneurs and SMEs.
“Through Startup Savanna, Kenyan startups will gain access and linkage to international events and conferences to market their innovations as well as compete globally for partnerships with global industries and business experts for mentorship programs and training. The startups will also secure opportunities to be part of global incubator and accelerator programs for extensive business support and investment prospecting during investor forums and pitch sessions,” she noted.
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Here Is What You Need To Know
Startup Savanna focuses on early-stage companies, growing businesses, and mature companies looking to expand internationally. The initiative is planned to connect roughly 175 Kenyan companies with mentors, investors, foreign accelerators, and corporates, exposing an estimated 1,000 Kenyan companies to worldwide networks.
“Startup Savanna seeks to continuously deepen the support government is providing to startups and SMEs. Through the project, we will showcase Kenyan innovation and entrepreneurial spirit globally through interactions with global peers, investors, support partners and entrepreneurship ecosystems. We will do this while harnessing the knowledge and learning to pursue business improvement and expansion to increase Kenya’s participation and involvement in global innovation,” noted Startup Savanna Team Leader, Manasseh Miruka.
How To Apply
Startups that are interested are invited to submit their applications HERE
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning write