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Google announces Launchpad Accelerator Africa Class 2 to Back Entrepreneurship

BY Soko Directory Team · August 27, 2018 12:08 pm

Google on Monday launched its second Launchpad Accelerator Africa class as part of its ongoing efforts to support entrepreneurship on the continent.

Housed in Lagos, Nigeria, the accelerator has already demonstrated its value. The first Launchpad Accelerator Africa class saw 12 startups graduate, with more than 20 teams from Google and 40 mentors from nine countries supporting them.

The startups have directly created 132 jobs and, between them, have raised over 7 million US dollars in funding. Their products are being used by approximately 4.5 million people.

According to Fola Olatunji-David, Head of Startup Success and Services, Launchpad Accelerator Africa, the growth of entrepreneurship in Africa is critical to the survival of our continent.

“We’re currently as a region creating about three million jobs per year, while more than 11 million job seekers are entering the market. Google believes that empowering entrepreneurs and startups is essential to drive employment growth, and enable both economic and social development on the continent,” Fola added.

Africa Class 2 features Google’s extended applications to an additional 11 countries, competition for spots was even fiercer than the first time around. Google received more than 250 applications, including graduates of previous Launchpad programs, with others referred to the program by Launchpad mentors.

The 11 finalists from six countries include

  • AppZone (Nigeria), a platform building software as a service (SaaS) fintech software ecosystems for digital banks
  • Chalkboard Education (Ghana), which allows educational institutions to make their curricula available via mobile devices (USSD, SMS, and internet).
  • Cloud9xp (Kenya), an online marketplace and booking service that allows people to buy and sell experiences in various locations across Africa and the Middle East.
  • EzyAgric (Uganda), an on-demand platform that provides inclusive and data-driven access to finance, production and marketing services for farmers and agribusinesses in Uganda.
  • Formplus (Nigeria) that allows companies to collect online and offline data using customizable digital forms.
  • Medsaf (Nigeria), a one-stop, curated medication marketplace for African hospitals and pharmacies.
  • Mintrics (Egypt), a social video intelligence platform helps brands and agencies understand how people are interacting with their social videos, giving them insight into what is and isn’t working and thereby maximizing their ROI.
  • PayGo Energy (Kenya), a smart meter and connected software service allow players in the LP gas (LPG) value chain to better serve their customers, driving the adoption of clean cooking fuels.
  • Pineapple (South Africa), a unique machine learning technology allows users to easily insure individual items using just a mobile app.
  • Preeva (South Africa), an online platform that connects students with young educators who provide tutoring help at school and university.
  • Thank U Cash (Nigeria), an online rewards platform that allows consumers to save and earn loyalty points that can be swapped for cash and merchants to benefit from extra spend.

Each of these finalists will receive 3 months intense mentorship and support from Google, Cloud and Firebase Credits, three weeks all-expense-paid training at Launchpad Accelerator Africa (Lagos and Johannesburg), access to Google engineers, resources, and mentors, during and after the program, and an inclusion in the Launchpad Accelerator Global Community and network of alumni and mentors.

Apart from the need for the applicants to be an early stage technology startup based in Sub-Saharan Africa, targeting the African market, that had already raised seed funding, Google additionally considered the problem the startup is trying to solve, how it creates value for users and how it addresses a real challenge for their home city, country or Africa broadly.

Further, Google looked at whether the startup would share what they will learn from the program for the benefit of other startups in their local ecosystem.

Launchpad Accelerator Africa was first announced in July 2017. It forms an important part of Google’s initiatives that support the African entrepreneurial ecosystem and builds on the Launchpad programs already run in Africa, which have successfully connected over 200 African mentors with several hundred African tech startup entrepreneurs through one-week boot camps in six different African cities over the last two years.

In addition, Google’s global Launchpad Accelerator has already enrolled seven African startups – Twiga Foods, JUMO, Paystack, Delivery Science, Helium Health, Pay later and Aerobotics – and provided them with visibility, best-in-class mentorship and access to Google’s network in Silicon Valley.

Through its Google for Entrepreneurs program, Google actively supports tech hubs across Africa with hubs in Lagos, Ghana, Kenya, South Africa, and Uganda.

On the ground, Google has expanded its Africa digital skills training program to prepare 10 million people and businesses for the jobs of the future in the next five years. It also announced 20 million US dollar in grant funding from Google.org in 2017, which will go to startups that work to improve lives across Africa.

“We’ve been committed for years to helping local businesses thrive online, as they are meaningful and crucial partners in our ecosystem,” says Google Nigeria country director, Juliet Ehimuan.

“Through our different initiatives, we’ve helped to get tens of thousands of small businesses online and helped them succeed. We’re incredibly proud of how Launchpad Accelerator Africa Class 1 contributed to that legacy and can’t wait to see how Class 2 further builds on it,” he added.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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