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Multi-billion dollar boost for small businesses as more African countries join MultiChoice Africa Accelerator Program Many more small businesses in Africa’s tech sector now have an opportunity to benefit from the 2023 program

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After the success of the Multiple choice(www.MultiChoice.com) Africa Accelerator (https://bit.ly/3OtthRz) Program, which ensured $16 million (USD) of funding for six start-ups last year, the program has expanded to eight more countries around the world. Africa.

Many more small tech companies in Africa now have the opportunity to benefit from the 2023 programme, which provides the skills and opportunities needed to attract transformative business finance.

“We are very excited to expand the MultiChoice Africa Accelerator Program to more African countries,” said Calvo Mawela, multiple choice group CEO, announcing the launch. “It is part of our long-term commitment to grow and multiply Africa’s technological potential, which is critical to our future growth.”

Launched during Global Entrepreneurship Week, the MultiChoice Africa Accelerator Program is aimed at start-ups and small established companies in specific technology sectors: healthcare tech, agritech, fintech, edtech, circular economy and creative industries.

“There is such incredible entrepreneurial talent around Africasaid Mawela. “MultiChoice Africa Accelerator is an opportunity for investors and small businesses to collaborate to multiply the impact of this talent and scale it through Africa.”

having started in South Africa In 2021, MultiChoice Africa Accelerator will expand to Ivory Coast, Senegal, Nigeria, Ghana, Kenya, Zambia, angola Y Ethiopia. The initiative equips emerging entrepreneurs to secure financing and expand their businesses, and also provides opportunities to pitch to international investors.

African Development Bank President Dr. Akinwumi Adesina has previously noted (https://bit.ly/3U0gRSu) that “the private sector is Africa’s growth accelerator”, and several (https://MSEA.go.ke) Africans (https://SMEDAN.gov .ng ) nations (http://www.DSBD.gov.za) have supported the development of small businesses as part of their economic strategy. MultiChoice Africa Accelerator fits in with these development goals.

The MultiChoice Africa Accelerator Program is an initiative of the MultiChoice Innovation FundIn collaboration with dubaibusiness incubator based on Companies That Create Change (C3) (https://www.WeGrowwithc3.com), which gives entrepreneurs access to the tools, skills and financial support to grow their business. Multiple choice also partnered with EOH, a technology services company that will bring its expertise, especially in terms of technology consulting, development sprint and technical support.

In the first phase of the MultiChoice Africa Accelerator Program, public and private sector partners in each country nominate companies or entrepreneurs for the programme. From there, 29 of the start-ups embark on an intensive virtual training course. The initiative is aimed at established companies that are already operating and looking to grow by attracting more investment.

“New company founders learn everything from how to properly research their business sector and market, to how to create a niche for their business,” he says. Boitumelo Monageng, by Swypa, one of last year’s finalists. “During the workshops we were encouraged to go deeper and I realized that we have the potential to compete on a much larger scale.”

The virtual training course takes place over several weeks and teaches startup owners media skills, how to best market their business to investors, how to create compelling business plans, and what customers are looking for. investors.

Subsequently, the entrepreneurs will meet at a final event, where 11 start-ups will be selected for the final launch phase. They will attend a dedicated C3 bootcamp to learn how to shape their story for international investors and to be “prepared” before their big presentations.

“We believe that SMEs in the technology, sustainability and creative sectors will be critical to the next phase of growth in Africa,” says Mawela. “MultiChoice Africa Accelerator is geared towards finding the most promising startups and empowering them to play this critical role.”

Distributed by APO group to name multiple choice group.

For media inquiries, please contact:

Multiple Choice Group Contact Details:Isabella FerreiraCorporate Communications
Telephone: +27 83 482 5241
Elizabeth.fourie@multichoice.co.za

© African Press Organization, source Press releases

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