What's Happening?
NBA Africa has announced the relaunch of its Triple-Double Accelerator program, aimed at supporting early-stage startups across Africa that are developing solutions in sports and the creative economy. The program, backed by ServiceNow, an enterprise AI platform, will be managed by ALX Ventures, a pan-African incubator. Startups can apply until August 29, and ten will be selected for a mentorship program focusing on product development, business growth, and go-to-market strategies. The program will culminate in a Demo Day in December, where the top five startups will receive financial support and ongoing mentorship.
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Why It's Important?
The Triple-Double Accelerator program is significant as it supports Africa's burgeoning tech and creative ecosystem, fostering innovation and entrepreneurship on the continent. By engaging with African startups, NBA Africa is deepening its involvement in the continent's innovation economy, potentially leading to new business opportunities and partnerships. The program also highlights the growing interest in sports-tech solutions, which can drive economic growth and create jobs in Africa. The involvement of ServiceNow and other corporate partners underscores the importance of collaboration between tech companies and sports organizations in nurturing talent and creativity.
What's Next?
NBA Africa plans to announce details about this year's Demo Day later in the year. The selected startups will undergo a 10-week mentorship program, which will prepare them for the final event where they can showcase their innovations. The program's success could lead to further editions and expanded partnerships, potentially attracting more investment into Africa's sports-tech sector. Stakeholders, including corporate partners and mentors, will likely continue to support the startups beyond the program, fostering long-term growth and development.
