@iBizAfrica and Standard Chartered bank have issued calls for applications to their recently launched Women in Technology Incubator program.
During the 10 teams will compete to secure seed funding and 9 months ongoing support from Standard Chartered and “iBizAfrica to assist with go-to market and scale. 5 top teams will walk away with up to KES. 1 million seed grant funding to launch and grow their business.
The Incubator program was launched at the beginning of October 2017. The programme was billed as Africa’s leading women in tech incubator, aligning with calls for more diversity in technology and for more opportunities for women to develop entrepreneurial and leadership expertise.
Speaking during the launch Sunil Kaushal, Standard Charted Bank Regional CEO (Africa Middle East), talked about the growing gender digital divide on socio-economic practices, which he said have resulted in women lagging behind in training and eventually starved off financial opportunities. Laming Manjang – CEO, Kenya, and East Africa from Standard Charted Bank took to the podium and in his remarks emphasized how sustainability is a core priority for Standard Charted Bank work and they will do this by empowering entrepreneurs.
The event was officially launched by Sammy Itemere, Kenya Government Principal Secretary of Broadcast, and Telecommunications who talked about how the government has and is still putting up measures that ensure technology is accessible to everyone. He also talked about how the launch of the incubator is important for our country Kenya as investing in women is insurance for our country and the future.
During the event, there was an all-women discussion panel that talked about women entrepreneurs; cost of technology in running business and digital divide. The panel talked about how it is important for women to access more hands on training, mentoring, long-term engagement to help businesses grow, while funding is important, it is not enough. Ms. Anne Mutahi, board chairperson of Standard charted in her remarks talked about how the incubator will break the barriers women have in getting into the technology field.
The Standard Chartered team together with the Principal Secretary then went for the tour of the incubation facility at @iBizAfrica where the selected women who will take part in the program will be incubated.
To be able to take part in the program, please apply here.