Fifteen startups from across the continent have been selected for the next phase of the e-Track program, a three-phase acceleration program run by UCT GSB Solution Space in partnership with ayoba.
Managed by UCT GSB Solution Space – a specialist center at the University of Cape Town Graduate School of Business focused on high-impact young startups, corporate innovation and entrepreneurship development – and funded by ayoba, the latest e-Track program started five weeks ago with the initial phase, Venture Launch.
It was over in two days competitive pitch to a panel of industry experts, after which the cohort of over 40 companies was narrowed down to 15 for the next phase – Venture Exploitation. This stage welcomes startups from across the continent, including Nigeria, Cameroon, Namibia and South Africa, operating in sectors such as education, agriculture, wellbeing, marketing, climate and AI.
The selected startups range from sleep consultancy sleep science, prescription management service Prescribe, peer-to-peer teaching and learning platform Sgela Saam. All are high-impact businesses, with other cohort members including a sanitation business Flushhsecure transport platform Transport service for childrenand bank transfer validation service Company 301.
“This year has seen a record number of Venture Launch attendees and consequently a record number of startups showcasing Venture Exploitation, which shows that innovation is alive and well on the continent,” said Vanessa Ramanjan, Program Manager at the ‘UCT GSB Solution Space. “Although we would have liked to accept them all in the second phase, we had to make difficult choices and select only 15.”
The program has started and will end in November.