Checklist of the ten African startups chosen for Microsoft-backed FAST Accelerator startup program

Flapmax, a famend information and Synthetic Intelligence (AI) know-how firm has launched the twelve startups which were chosen for the second part of the FAST Accelerator program, a joint effort with Microsoft geared toward strengthening and increasing Africa’s digital panorama.

Following the profitable completion of a two-week On-line Bootcamp, which concerned over 60 tech corporations present process intensive on-line coaching guided by skilled mentors, the 12 startups chosen for the FAST Accelerator’s cohort will embark on a complete five-week acceleration program in Silicon Valley, California, beginning in October.

Small and Medium Entreprises (SMEs) Program Supervisor at Microsoft Africa Transformation Workplace, Mame-Fatou Gueye said, “Microsoft believes that African startups and SMEs are well-positioned to play a elementary function within the progress of the African digital financial system, offering options to native societal and financial challenges. Participation within the FAST Accelerator program will help these entrepreneurs in seizing progress alternatives and increasing their market presence.”

The FAST Accelerator program obtained an amazing response, with over 1,200 purposes from 35 African nations. 

These purposes spanned a variety of industries, together with Monetary Companies (128 purposes), Healthcare (95 purposes), Agriculture (235 purposes), Transportation and Logistics (60 purposes), Clear Expertise and Power (57 purposes); and Inventive Media and Leisure (40 purposes).

The applicant pool represented a various array of cloud-based services catering to companies throughout Africa. These startups make the most of AI to drive innovation, optimize operations, and handle essential challenges inside their respective sectors.

The FA23 cohort includes the next startups:

1. Zeeh Africa (FinTech): An AI-powered open banking platform connecting companies to monetary information.
2. Sumundi (eCommerce): An clever eCommerce platform for Africa’s retail companies.
3. Cotrust Fairness (FinTech): Dubbed the “Uber for micro-lending in Africa.”
4. Trucki (Provide Chain): An AI-powered haulage infrastructure connecting cargo stakeholders.
5. Orange VFX (Inventive Media): Offers high-quality animation and visible results for African companies.
6. 10mg Pharma (HealthTech): Makes use of AI to save lots of prices on drugs for continual ache sufferers.
7. Wallx (FinTech): Presents fee and enterprise options for small enterprise homeowners.
8. Moosbu (FinTech): Empowers SMEs with AI for gross sales and financing.
9. KCG Aquatec Fish Farming (AgTech): Offers aquaculture infrastructure to assist fish farmers develop sustainably.
10. Aibanc (FinTech): Presents AI-powered banking for Excessive Earners Not Wealthy But (HENRY).
11. Zendawa Africa (HealthTech): Allows neighbourhood pharmacies to promote on-line.
12. Greenbii (FinTech): Presents an AI-driven asset financing and software program administration platform for SMEs.

Ranging from October 23, the FA23 cohort will take part in a variety of actions, together with coaching, AI integration, enterprise progress, fundraising and varied different engagements. 

They are going to collaborate carefully with Intel and Microsoft on co-innovation tasks, obtain gross sales and advertising help and entry assets to boost their market presence.

Flapmax engineering crew may also information startups in implementing optimized Giant Language AI fashions (LLMs) and scaling and refining these fashions on Microsoft Azure and Intel platforms.

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