Kenyan GrowAgric and Aquarech are among nine startups from across the continent that have been selected to join the Katapult Africa Accelerator Programme.
Katapult’s Africa Accelerator Program has selected the best companies with new technologies in food production to provide them with tools, networks and financial support for success. Together with partners, Katapult aims to contribute to a transformative, structural change in the food chain.
The Norway-based startup accelerator has played a key role in advancing African startups and has invested in several companies. Katapul also runs its spin-off subsidiaries, Katapult Ocean and the climate-focused organization, Katapult Climate.
“At Katapult we are highly ambitious and we set our vision to nothing short of building a thriving world for all. For this reason, today’s launch represents an important step forward for both Katapult and the impact community,” said Katapult founder Tharald Nustad.
Winners of the Katapult Africa Accelerator program will have access to US$150,000 in funding and other support. The cohort will take part in a three-month program, with sessions focused on growth, impact and investment readiness. They will be taken through rigorous workshops, online meetups, mentor sessions, pitch training and investor presentations, with the aim of making the impact of startups ready for scaling in African markets.
Nigeria is represented by two startups, Gricd and Vetsark. Ghana has Legendary Foods and the social finance app Spark. Madagascar is represented by Elucid, Senegal has Afrikamart and Morocco has Sand to Green.
“Our decision to launch Katapult in Africa is driven by both a clear recognition of the need for change and an unprecedented opportunity for innovation. With a climate in crisis, it is all too clear that we must accelerate technologies to both overcome climate challenges and ensure food security. We simultaneously believe that it is Africa with its fast-growing business communities and young, tech-savvy population who are best placed to deliver highly scalable, highly impactful solutions,” Tharald said.