88mph, a Kenyan startup accelerator that invests in early stage mobile-web companies targeting the African market has opened its applications to local and international tech entrepreneurs. The accelerator invests simultaneously in 10-12 startups that are specifically targeted at the African market. In 2011, 88mph invested $180,000 in 7 Kenyan startups. 88mph is now a 3 month program to work with startups that can scale across English-speaking Africa. The accelerator looks for teams of 2-4 people who are 100% dedicated to building a product for the African market that can scale and, over time, be profitable. 88mph have accountants, admin, finance, legal and tech support for all participating startups.
Package for accepted startups:
- $6k per founder, up to $24k for 6-18% equity
- Free access to 88mph pan-african tech hubs
- 88mph mentor network
The deadline for applications is August 15 and teams will be notified if they have been accepted by September 5th.
The program starts in the 88mph Garage in Nairobi and includes access to mentors like Johanna Kollar, from Startup Support Africa at Google, Larry Madowo, Anchor at CNBC Africa, and Ranjith Cherickel, Head of Services Sales, Nokia Siemens Africa.
Find answers to all your questions at 88mph Startup Accelerator
Some of 88mph startups include:
Tusqee Systems : School management platform used for communicating with parents regarding school fees and report cards.
Drugs.co.ke : Kenya’s first online pharmacy. Combines and off- and online strategy and currently has 5 retail branches in Nairobi, Kenya.
Futaa.com : Local football news for the Kenyan, Nigerian, and Ugandan markets.Follow @Alltopstartups