InnovFrica: The Pan-African Startup Incubator
InnovFrica is a Pan-African startup incubator focused on empowering student founders in Africa, particularly within the Nigerian undergraduate ecosystem. It aims to foster digital innovation and entrepreneurship among young talents.
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Overview
InnovFrica, or Investing in Innovation (i3), is a pan-African initiative founded in June 2022. It is dedicated to supporting early- and growth-stage startups in the healthcare sector, with a mission to improve access to healthcare products and services across the continent. By providing grants and market access support, i3 aims to foster innovation and enhance the impact of healthtech solutions in Africa.
Focus
i3 invests in healthtech startups that are developing innovative solutions to improve healthcare delivery and product distribution. The initiative specifically targets early- and growth-stage companies operating in Africa, particularly those that are African-led and serve African markets. i3 offers risk-tolerant funding, market access support, and development assistance to help these startups scale their operations.
Support
i3 provides grants, market access support, and development assistance to healthtech startups. The initiative focuses on enhancing the commercialization and impact of these startups, helping them scale their operations and improve healthcare delivery across Africa.
Questions
What types of startups does i3 support?
i3 supports early- and growth-stage healthtech startups that are focused on improving healthcare delivery and product distribution in Africa.
What funding opportunities are available?
i3 offers grants of $50,000 for early-stage companies and $225,000 for growth-stage companies.
How can I apply to join a cohort?
Applications can be submitted through the i3 application page on their website.
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