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Entrepreneur's Corner

Top 20 Entrepreneurs Chosen for Bolt Den Phase in Kenya, Compete For €2000 Seed Funding In Accelerator Program

BY Soko Directory Team · June 10, 2024 12:06 pm

Bolt announces the advancement of its Accelerator Program in Kenya, with the selection of the top 20 participants who will progress to the Bolt Den Phase. After a round of impressive pitches, the top 20 innovators have been chosen to move on to the Bolt Den Phase. These talented individuals stood out for their fresh ideas and commitment to developing sustainable technology solutions.

Originally, 120 participants were selected from a pool of strong contenders. These participants presented their ideas in video pitches, demonstrating a clear connection to Bolt’s vision for African cities. This vision prioritizes the well-being of citizens, environmental sustainability, and ensuring accessible transportation for everyone in Kenya.

“We’re excited to move forward with this pivotal stage of our Accelerator Program,” says George Abasy, Public Policy Manager. “The passion and innovation shown by our participants are truly inspiring. This program offers Bolt drivers and boda boda a unique opportunity to embark on an entrepreneurial journey that resonates with Bolt’s vision for sustainable urban mobility in Kenya.”

The Bolt Den Phase, which also serves as the Bootcamp Phase, will see these top 20 participants undergo intensive training sessions with industry experts. This phase is designed to further refine their ideas and prepare them for the highly anticipated Pitch Day in June, where they will compete for seed funding of €2000 each.

The innovative ideas in the top 20 phase revolved around creating mobile EV charging services, motorcycle spare parts and service garages, enhanced safety dashboard camera installation services, and e-mobility hubs in Kenya.

Meanwhile, the remaining 100 participants will continue with the Bolt Academy. They will continue to receive online business training through the Bolt Academy in collaboration with

Alison, a leading online training platform. Upon completion, these participants will attend a virtual graduation ceremony to celebrate their achievements.

In collaboration with The Nest Innovation Technology Park, Bolt remains committed to providing a supportive ecosystem for all participants. Leveraging a network of experienced mentors, Bolt will guide these aspiring entrepreneurs through every stage of their journey.

The program will round up with the Business Pitch Day scheduled for June. Here, the top 20 participants will compete for seed funding of €2000 each, and the top ten business ideas will be selected to receive this funding, accompanied by ongoing mentoring support to nurture their ventures to fruition.

This development highlights Bolt and The Nest’s commitment to promoting entrepreneurship and sustainable urban mobility solutions within Kenya’s diverse communities.

Read Also: People In East Africa Love Bolt Than Any Other – London Magazine

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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