Otega O
A Mauritian travel platform, Timbu.com that focuses on African destinations, has pledged to support 20 travel startups in the Southern African region. According to the company, each of the selected startups will receive $25,000.
Timbu already has a good reputation in Nigeria and other West African countries and is seeking to extend its operation to the Southern African region. The funds, according to the company, will be made available only to innovative startups who can proffer a solution to real problems in the hospitality industry.
After announcing the offer, Timbu’s media representative made known that the company’s interest in early startups in Southern Africa is to boost the technological ecosystems in the region.
Timbu’s media representative also emphasized the company’s preparedness to offer more than the seed funding to startups in the region. Participants will also receive guidance and be joined by the best talents so that they can grow, improve their business reputation, and be able to access Series A and Series B funding.
Last year, Timbu also rolled out a lucrative plan to make available numerous employment opportunities for the youths in the Southern Africa region. Furthermore, the current move to invest in 20 startups in the region may even stimulate other investors to invest in this part of the African continent and improve local businesses in the process.
All startups with interest in the program are to submit the required documents and information.
Company name
Company URL, if any
Name and email of the founder(s)
Role of each founder
What your business is producing and the challenges it aims to solve in your region
Your competitors and what gives your business edge over them
How your company plans to generate revenue
Where And How To Send Your Application
All applications must be sent directly to [email protected] with the subject line, “{Country} Startup Funding Application” (For example, South Africa Startup Funding Application).
Also, bear in mind that the seed fund provided by Timbu is an angel fund. Thus, the company will seek equity shares in any business that gets accepted into the program.
