NBA Africa Launches Second Edition of Startup Accelerator to Support African Entrepreneurs

What's Happening?

NBA Africa has announced the launch of the second edition of its Triple-Double Startup Accelerator program. This initiative aims to support early-stage African startups in the sport and creative industries by providing financial support and mentorship. The program is operated by ALX Ventures, a technology incubator that equips tech leaders with the necessary skills and tools to scale their startups. ServiceNow, an AI platform for business transformation, has joined as an official partner. Startups can apply to participate until August 29, after which submissions will be narrowed down to a top 10. These finalists will undergo a 10-week mentorship program focusing on product development, business growth, and go-to-market strategy. The program will culminate in a Demo Day in December, where the top five startups will receive financial support and mentorship.

Why It's Important?

The NBA Africa Triple-Double Accelerator program is significant as it fosters innovation and entrepreneurship in Africa, particularly in the sport and creative sectors. By providing financial support and mentorship, the program helps startups overcome common barriers to growth, such as limited access to capital and expertise. This initiative not only supports the development of the African technology ecosystem but also contributes to the continent's economic growth by empowering local entrepreneurs. The involvement of ServiceNow as a partner further enhances the program's capacity to deliver impactful business transformation solutions, potentially leading to more robust and scalable startups.

What's Next?

Following the application deadline, the selected startups will participate in a mentorship program, culminating in a Demo Day in December. During this event, the startups will pitch their products to international industry leaders, with the top five receiving additional support. This process is expected to attract attention from investors and industry stakeholders, potentially leading to further opportunities for the participating startups. The program's success could inspire similar initiatives across Africa, further strengthening the continent's entrepreneurial landscape.