Village Capital’s Future of Work Africa accelerator selected 45 startups

The second iteration of the Future of Work Africa accelerator program has been launched by Moody’s Corporation and Village Capital, and 45 startups that are developing for-profit, market-based solutions for employment and education that can better prepare young people in sub-Saharan Africa have been chosen.

Selected businesses may get self-guided training, intensive virtual assistance, and mentorship through the Future of Work Africa accelerator.

The 45 startups, chosen from a pool of 196 applicants, come from 23 different countries and will be divided into two cohorts: a core cohort of 15 startups and an expanded cohort of 30 startups. These cohorts will participate in self-guided training, extensive virtual support, and mentoring relationships.

Each firm chosen for the accelerator will collaborate closely with investors, mentors, and potential customers and partners in order to grow their impact. They will use tools created to aid in their self-evaluation, such as Village Capital’s Abaca.

“Meaningful employment for African youth is foundational to improving financial health and driving a strong economy. With one-third of the 600 million young people entering the global labour market by 2030 projected to be a young Africans, there’s a great need to strengthen models that bridge the skills gap, enhance employability, and prepare job candidates for the shifting job landscape. Entrepreneurs across the region are already developing scalable solutions and we’re proud to continue supporting them through this program,” said Audrey Mate, programme manager for Africa at Village Capital.