ONLINE WORLD NEWS Techstars Toronto Selects 10 African Startups for 2023 Summer Accelerator 2 months ago Szarlot Post Views: 215 Renowned startup accelerator Techstars Toronto has chosen 10 African companies among 24 total for its highly competitive 2023 summer program. The inclusion of these African innovators highlights Techstars’ ongoing commitment to developing entrepreneurship and technology ecosystems across the continent. The selected startups hail from Nigeria, Ghana, Kenya, Ethiopia, and South Africa. They address diverse challenges in finance, real estate, shipping, and more. Techstars Toronto Managing Director Sunil Sharma reaffirmed the accelerator’s focus on propelling innovation globally, not just in Canada. With an acceptance rate of only 1-2%, Techstars plays a key role in shaping tech landscapes worldwide. Since launching in 2017, the Toronto accelerator has invested in 40 African startups, making its first bet on the Nigerian payments platform Korapay in 2019. Other alumni include Nigerian crypto exchange Quidax and cross-border fintech Fliqpay. Beyond funding, the program provides extensive mentorship and opportunities for startups to showcase their solutions to investors during Demo Day events in October. The 2023 cohort will highlight technologies tackling pressing needs across international finance, immigration, healthcare, transportation, and sustainability. For example, Nigerian startup Payfi increases affordable student housing access, while Ghana’s Seso applies AI to boost real estate market transparency. Others are modernising insurance claims, construction supply chains, drone delivery, and more. The “Global Diaspora” themed cohort underscores Techstars’ worldwide scope as a network of over 40 accelerators. Though Toronto retains Canadian talents, its global appeal attracts visionary founders worldwide. To date, Techstars’ accelerators have invested in approximately 76 African startups, signalling enduring engagement with the continent’s burgeoning innovation ecosystems. The latest selections demonstrate Techstars Toronto’s ripening experience supporting African tech ventures across sectors and geographies. As alumni like Flutterwave and Cowrywise illustrate, the accelerator’s guidance and resources provide startups with invaluable leverage to scale regionally and globally. While Africa already claims unprecedented tech growth, access to platforms like Techstars’ accelerators unlocks greater capacity. By embracing African innovation, Techstars Toronto plays a key role in empowering ventures to deploy technologies shaping the continent’s development and connectedness. Source: technext24.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Nigeria, Payfi, Techstars Continue Reading Previous Playing Slots Online: A Comprehensive GuideNext Responsible Gambling & Betting Report by BetZillion | 2023 Analysis More Stories ONLINE WORLD NEWS The pillars of success for premier iGaming content developers 2 hours ago Iwo Bulski NIGERIA ONLINE Nigeria’s Economic Landscape and Forex Trading 23 hours ago Szarlot NIGERIA ONLINE Nigeria’s Battle With Online Betting 2 days ago Samuel EXPERTS WORLD NEWS Entain To Pay Almost $730 Million To Settle Turkish Bribery Claims 3 days ago Samuel GHANA ONLINE The Biggest-Ever Win on Aviator for the Whole of Africa 3 days ago Szarlot BETTING ONLINE The Interplay of Fantasy Sports and Sports Betting 4 days ago Szarlot GAMES ONLINE Aviator Game Guide 4 days ago Iwo Bulski EXPERTS WORLD NEWS Entain ‘remains confident’ but ‘open to constructively addressing’ investor concerns 1 week ago Szarlot GAMES ONLINE Big Bass Christmas Bash 1 week ago Szarlot ONLINE SOUTH AFRICA Online Casino Games Dominating the African Landscape 1 week ago Samuel BETTING HOT NEWS WORLD NEWS The Legal Landscape of Sports Betting 2 weeks ago Samuel GAMES ONLINE Mafia Family 2 weeks ago Iwo Bulski Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.