CHIL Group opens applications for its $90,000 startup fund
CHIL Group has opened applications for its new venture capital fund for African tech startups to get a chance to scale their impact-driven companies.
The fund, worth $87,500, is geared towards early-stage African technology startups whose products are in line with the continent’s development.
Keep Reading
This initiative seeks companies and founders in Artificial Intelligence, FinTech, Property-tech, and retail sectors; as long as they embody values that investors align with.
The program is especially encouraging women-led startups and startups promoting gender equality to apply.
According to CHIL Group, startups applying are expected to have achieved a proof of concept and are ready to
scale.
CHIL Group has also added a list of criteria that startups who want to participate in the program have to fulfil.
Four outstanding startups will benefit, with guaranteed international media coverage and investor pitch training.
According to Shamim Nabuuma Kaliisa, a co-founder and shareholder in the company, at least $35,000 of the fund is dedicated to getting media exposure for the startups.
She adds that CHIL Group wants to support founders who are working on the many challenges Africa faces that technology can instantly solve.
She explains that winners stand to get a chance to pitch to a group of over 40 investors, both physically and virtually, physically be mentored by experts and prepared to scale and benefit from massive international media coverage.
Nabuuma says those whose businesses are applicable and are willing to scale to USA , they will be helped and sponsored to have their companies registered in USA
The deadline for application is March, 3, 2023, and winners will be notified by the end of July 2023
