Flapmax, the renowned AI company with a vision to revolutionize lives globally through innovation, has recently unveiled the highly anticipated second edition of its FAST Accelerator program.
This groundbreaking initiative aims to provide financial and strategic support to burgeoning startups and entrepreneurs across Africa. After the resounding success of the inaugural program, the FAST Accelerator 2023 promises to be a game-changer for startup founders aspiring for rapid and sustainable growth.
More than 800 startups from over 25 countries have already applied to be a part of this transformative endeavor.
Dr. Dave Ojika, the CEO of Flapmax, expressed his enthusiasm for the program, stating that FAST Accelerator represents their unwavering commitment to fostering sustainable innovation and supporting ambitious entrepreneurs across Africa and other emerging markets.
Through this all-encompassing program, we are dedicated to connecting startup founders with a global community, cutting-edge technology, and the vital funding required to develop future-proof, AI-powered solutions. Together, we can build a brighter future for Africa and the rest of the world, fueled by the transformative power of technology and innovation.
In collaboration with Microsoft, the FAST Accelerator initiative combines business development, technology integration, funding opportunities, and community building to empower African-based startups to deliver sustainable solutions. This program also provides invaluable mentorship opportunities and dedicated venture funding.
The top ten participants selected for the FAST Accelerator 2023 will have the incredible opportunity to attend a five-week program in Silicon Valley, California. During this period, they will be able to forge crucial relationships with industry experts, potential investors, and global partners through Flapmax’s extensive ecosystem, which boasts over 600 corporate partners.
Startup leaders are encouraged to apply to the FAST Accelerator program starting this July. To be eligible, startups must be based in Africa, prepared to scale within the continent, and have already demonstrated product-market fit and revenue generation.
For this cohort, the program is particularly interested in business-to-business startups in sectors such as healthcare, fintech, Edutech, and industrials/agtech. Startups focused on sustainability and deeptech are also strongly encouraged to apply.
Selected participants must be fully committed to the entire program, which comprises of a two-week virtual bootcamp in August 2023, followed by a five-week accelerator program in October in California.
The journey kicks off with an intensive virtual bootcamp that focuses on validating startup ideas, refining business models, and preparing founders for the next stage of growth.
Subsequently, the top startups will be chosen to join the five-week accelerator program in Silicon Valley, where they will have access to unparalleled acceleration, networking, and fundraising opportunities.
They will also have the chance to immerse themselves in the dynamic startup ecosystem of Silicon Valley.
Several companies that participated in the previous FAST Accelerator program have shared their success stories.
Lekan Omotosho, co-founder and CTO of Pade, a leading HR technology company, said that the technology and business masterclasses offered through Flapmax Learn were invaluable network of mentors and advisors.
“With a successful funding raise of $500,000, we are now well-positioned to expand our cutting-edge HCM solutions across the continent, catering to both SMEs and large corporations.”
Edwin Lubanga, co-founder and CTO of Snark Health, a pioneer in healthcare payment solutions, also shared the impact of working with the FAST Accelerator.
“Our collaboration with FAST has been instrumental in driving our growth as we revolutionize healthcare payment solutions. With FAST’s support, we have gained access to critical infrastructure, allowing us to deploy our services at scale. By leveraging Microsoft and Azure services and partnering with hospitals in Kenya, we are determined to provide affordable and equitable healthcare to tens of thousands of SMEs and health centers across Africa, making a lasting impact on the healthcare landscape.”
Innocent Orikiiriza, founder and CEO of KaCyber Technologies, highlighted the remarkable opportunities presented by the FAST Accelerator.
“Guided by FAST, we have developed a comprehensive sustainability framework that underpins our business operations, emphasizing the vital importance of sustainability in the public transport sector. Additionally, we have achieved a major milestone of processing 11 million travel tickets to date, amounting to a transaction value of 200 billion Ugandan shillings, significantly bolstering our revenue pipeline. With major corporate partnerships underway, we are eager to unlock even greater possibilities with FAST as we strive to realize a seamless and sustainable mobility experience throughout Africa.”