Five Startups Selected as the Winners of the Senegal Start-Up Accelerator and Secure $2000 of Seed Funding

TechInAfrica – The Senegal Start-Up Accelerator, a business incubation event held by Kosmos Innovation Center, has selected five Senegalese startups as the winners and given out $2000 of seed funds for each. The winning startups will also receive six months of business incubation. These five winning startups were chosen after delivering their ideas and technology-based solutions for the challenges faced by the country’s agricultural sector.

The Senegal Start-Up Accelerator is a program to support startup innovators in the agricultural and fishing sectors to uncover commercial solutions and help them to develop their early-stage businesses. As the winners, they will be involved in a six-month intensive training program and mentoring. After finishing the program, there will be a higher chance for them to receive addition fund from investors and partners.

The External Affairs and CSR Manager of Kosmos Energy, Mamadou Mar Faye, said: “Through this accelerator program, we’re delighted to do our part to ensure young, promising entrepreneurs have the skills and support needed to help turn their innovative business ideas into reality. Each winner will be guided through the process of developing a product that is ready for market and meets a real market need, contributing to the creation of a healthy and competitive agricultural sector in Senegal. Look out for five exciting new products coming to the market in just six months’ time!”

For your information, the five winning startups are:

1. Tool Bi, a startup with the innovation to facilitate irrigation system with the electronic innovation to improve yields
2. Fraisen/Waalu Ma Aagri, a startup that develops an effective way to produce the local organic strawberries with affordable cost
3. Jappandil, a startup that has developed a platform to connect farmers to agricultural experts, service provider, and needed materials to improve farming
4. Sigle:Senphytomed Suarl, a startup that works on herbal products and natural remedies while at the same time reinvests the conservation of medicinal plants
5. GIE Senbioagro Corporation, a startup with innovations to reduce food waste, creating employment and transforming excess yields into products that are market-ready.

The Senegal Start-Up Accelerator is a part of Reach for Change campaign of Kosmos Energy and its six-month program will be started soon this month. In this program, the startup winners will learn about how to develop customer profile, how to analyze their competitors, how to make a product roadmap, and how to develop a sustainable revenue model for their businesses.