At the Transform Africa Summit, hosted by Smart Africa in Kigali, Rwanda on May 14, Lentera Africa was awarded the Afric’up Summit 2019 startup of the year after winning the finals of the pitch competition. The company graduated from the Land Accelerator in 2018. The Afric’up Summit aims to support the emergence of future African champions by promoting their skills, creativity and success stories...
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The Land Accelerator is an exciting four-month program and curated network for entrepreneurs who restore degraded forests and farmland. It is anchored by an intensive week-long workshop when the cohort meets in person. There is no fee to join, and the program does not take equity. Check out the 3-minute video below for more details.
The Land Accelerator has been held twice in Africa and will return to Nairobi for the third time in September 2020. Are you an entrepreneur who’s interested to join? If you are working to improve a degraded landscape in Africa – and you want to learn fast and raise money for your venture – then this is the right program for you.
The Land Accelerator’s second African cohort met from September 7-12, 2019, in Nairobi, Kenya. The 14 startups were chosen from 335 applicants and represent 8 African countries. Each received a EUR 3,000 grant in addition to a travel stipend.
Over 100 investors and members of Nairobi’s start-up community joined us at the Demo Day on Sep 12 to meet the entrepreneurs. Missed it? No problem! The full video is below.
These are some highlights from the 2018 cohort in Africa:
- Green Pot Enterprises received a $300,000 equity investment to build a new factory, in addition to a $300,000 grant for investment readiness.
- Kalahari Honey pivoted to a new focus. It has since secured two large orders and raised $100,000.
- Lentera secured a $50,000 loan and won a $10,000 cash prize based on its improved pitch.
- SA Bamboo has transformed how it works with hundreds of farmers by organizing them into cooperatives.
- Safi Organics received $55,000 in grants and is expanding to serve an additional 1,000 smallholder farmers.
The Accelerator contributes to African countries’ efforts to bring 100 million hectares of land into restoration through the African Forest Landscape Restoration Initiative (AFR100) and the Bonn Challenge. There is no fee for the program thanks to the generous support of the German Ministry of Economic Cooperation and Development (BMZ) and DOEN Foundation.
The Land Accelerator will be expanding to South Asia and Latin America in 2020. Details coming soon.
Questions or comments? Reach out to Sofia Faruqi.