Ten Kenyan entrepreneurs have been chosen to engage in Hindsight Ventures’ Wazo Challenge, where they will fight for a $10,000 cash prize and other benefits.
The Wazo Challenge is being held for the third time by Hindsight Ventures, and it is the first time it is taking place in Kenya. The program is a four-week venture development bootcamp supervised by global mentors and industry partners, culminating in an investor demo day. It is aimed towards Kenyan entrepreneurs aged 18 to 30 who are creating a tech-based firm.
The shortlisted firms compete for a grant of $10,000 and with various types of assistance.
Kiri EV, Afrigility’s on-demand storage solution, Mawu Africa’s creative marketplace, StoFresh Africa’s fresh food supply chain solution, and DoctorsLive’s digital mental health care platform are among them.
Deferred tuition payment platform Chaptr Global, internet connectivity platform NikoRadius, agri-tech firm Biosorra, payments platform PayClide, and blood monitoring gadget NutriTech round out the list.
“We see Wazo Challenge as an important, base-of-the-pyramid, startup ecosystem enabler, that helps identify winners at the earliest stage and support them all the way through scaling-up and fundraising by way of our mentorship. Our companies have gone on to raise strategic capital and get into international accelerators, and that’s a win for them and the ecosystem at large,” said Ajay Ramasubramaniam, co-founder and CEO at Hindsight Ventures.