Telecel Group’s ASIP to scout for Ghana’s best startups

Africa’s leading Telecommunications company, Telecel Group, is set to roll out its flagship Africa Start-up Initiative Programme (ASIP) powered by Startupbootcamp AfriTech in Ghana beginning next week.

The ASIP/SBC/AfriTech scouting team will be in Accra on October 27, 2022 to scout for prospective start-ups for enrolment unto the programme after holding similar events in Abidjan, Lagos, Kampala, Addis Ababa, and Nairobi.

Applications for Cohort 3 of the ASIP Accelerator programme which will be launched in February 2023, opened in August this year.

“We usually encourage start-ups to attend the country FastTrack events to enable them to get real time feedback from our panel of experts. From our experience, about 20 per cent of start-ups that attend the events usually make it to the final round. It is a fantastic opportunity to network with our investment team and get more information about the programme,” Henry Ojuor, the Director of the Accelerator Programme said in a statement issued in Accra on Friday.

The Ghana FastTrack to be held at the Accra Digital Centre, coincides with Ghana Digital Innovation Week.

“The Ghana Digital Centre is excited to host the Fasttrack event. It comes at a time when we are intensifying collaborations with key stakeholders to identify and create opportunities that accelerate the growth of digital start-ups in line with its objective of fostering innovation and entrepreneurship through the provision of platforms for business incubation, business acceleration, digital research, and development programmes,” Kwadwo Baah Agyemang, the Managing Director of the Ghana Digital Centre said.

The Executive Deputy for Telecel Group and Director of ASIP, Eleanor Azar, said: “The potential we see in Ghana is exponential and we look forward to welcoming more Ghanaian start-ups to ASIP. The support of the Accra Digital Center to pursue our goals in Ghana and launch the ASIP Initiative has been instrumental, and we look forward to more events like these.”

The upcoming cohort will include businesses disrupting key industry verticals that include FinTech, InsureTech, AgriTech, Climate-tech, eCommerce, Digital Health, CleanTech, Mobility, Micro-leasing, and digitising the informal economy.

Founded by Telecel Group CEO, Moh Damush, the Telecel Group ASIP is designed to develop new businesses across the continent by working with start-ups and early-stage companies to define their business strategy and secure funding. 

With the support of leading pan-African tech accelerator, Startuobootcam AfriTech, the programme has since 2021 empowered 21 businesses with a combined valuation of over $ 80 million.

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