Standard Chartered Bank has kicked off the search for its second cohort of women-led technology startups which will see five entrepreneurs win $10,000 each.
Through the Women in Tech Incubator, a partnership between the lender and Strathmore University, 10 businesses will benefit from mentorship and seed funding.
The program seeks to recruit the best entrepreneurial minds, women-led start up teams of 2 – 3 people leveraging on technology as a key driver of innovation in business.
To qualify, the principle founder must be:
- A woman
- Above 18 years of age.
- Of Kenyan nationality or permanent residency
The participants who will apply online will be invited for a pitch to a panel of judges will in turn select the top 10 contestants will go through a 12-week incubation period where they will be mentored and five will stand a chance of winning $10,000 to help grow their business.
“The Women In Tech Incubator programme will help identify, grow and bring to the market unique business ideas and change the fortunes of women entrepreneurs and business owners in Kenya,” said Public Services, Youth and Gender Affairs Cabinet Secretary Margaret Kobia while speaking during the launch on Monday.
Last year, the five businesses which received seed funding were solar cooler company Maziwa Plus, e-commerce platform Heri Online, insurance information app Bismart, career solutions hub Zydii and Africa Solutions.
Some of the winners have gone on to attract funding from local and international investors to scale up their businesses.
applications will close on 31st October with the lucky startups being announced on November 19th ahead of the classes which will take place between and March 8th.
To apply, visit their site.