Stanchart picks 10 female-led startups for funding

Kenyatta Avenue Standard Chartered Branch in Nairobi. FILE PHOTO | NMG

Standard Chartered Bank has picked 10 female-led startups for Sh1 million seed funding and entrepreneurship training.

The team was selected from over 350 startups that had applied to the incubation programme Women in Tech, which is a partnership with iBizAfrica Centre in Strathmore University.

Women in Tech aims to assist women to access funding from investors and venture capital firms.

The entrepreneurs will go through 12 weeks of mentorship at iBizAfrica to help them in ideation conceptualisation, strategy and marketing.  

“This incubator program female-led startups in the ICT sector are envisaged to transform Kenya through innovation,” Dr Joseph Sevilla, director of iBizAfrica- Strathmore University said.

“It is remarkable how far we have been able to come on this journey of nurturing women-led entrepreneurial visions from the idea stage to marketable and scalable ventures through our coaching and mentoring sessions on entrepreneurial skills.” 

Since its inception, the Women in Tech has attracted over 1,800 applicants, trained over 40 entrepreneurs and funded 20 startups.

The selected 10 businesses will be awarded Sh1 million seed capital to scale their operations.

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