Startup News

Gerocare, Simbi Interactive, and E-Estates Start-ups Secured $30,000 each at Itanna Accelerator

Itanna - cfamedia

Three Nigeria start-ups have emerged winners of $30,000 each upon the completion of a four months accelerator programme organized by Itanna.

The programme was launched last year by Nigerian corporate Honeywell Group with the aim of creating an encompassing environment that supports the growth of technology and also, make available expertise, connections, institutional knowledge and the much-needed capital for start-ups to grow in Nigeria.

Unlike the previous edition where the focus was only on fintech, the focus was widened this year to accommodate other sectors.

The three startups that made it to the finals;

Gerocare – This start-up provides service for parents and the elderly easy access to regular doctors who visits them in their homes for a regular checkup to ensure any threats to their health is discovered early and taken care of.

Simbi Interactive – This start-up is an AI-based ed-tech solution that makes learning easy for students.

E-Estates – This prop-tech startup was designed to help improve the living conditions and overall communication process within residential communities.

After 4 months of intensive tutoring from mentors all around the tech ecosystem, the grand finale was held last week, and the three participating start-ups were given the opportunity to pitch their businesses to Honeywell Group executives, investors and other leaders in the sector.

Apart from the funding, the three start-ups will also be taken to the next phase which is further training and mentorship from renounced leaders and experts in the industry.

Seminars, classes on technology, legal and HR workshops, Goto market plans, pricing models, marketing, mentorships sessions, and lectures from Nigeria’s finest entrepreneurs.

According to Tony Idugboe, head of investment at Itanna, “We are very thrilled with the calibre of entrepreneurs the Nigerian tech ecosystem has to offer.

He further stated that “At Itanna, we worked with each company on an individual basis to stress-test their value propositions and their core business models so they can emerge from our programme as stronger companies.”

“We believe in each of these companies and are extremely excited to see what these companies are now capable of achieving,” he concludes.

Featured Image: africabusiness2020

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