Startupbootcamp during its first African demonstration day in Cape Town, South Africa showcased its best ten startups shortlisted from a group of 514 applicants. The program helps to narrow the gap between cooperates and startups with the best ten startups getting a record number of 32 signed agreement with large companies.
The 32 signed agreements include proof of concept, pilots, experiments and contracts with the partners, sponsors, investors and other cooperates. The demo day represents the climax of more than two years of partnership with outstanding global stakeholders aiming at innovative technology-driven solutions to tests faced by the African people. Startupbootcamp Cape Town is the first mentor-driven, multi-corporate backed accelerator program for top-tier tech ventures in Africa.
The Startupbootcamp Cape Town brings with it investment opportunities, EasyEquities, which allows anybody to invest in the startups. Anyone has an opportunity to promote the ten startups from Africa and their investment groups by joining the crowdfunded South Africa startup Basket via EasyEquities which will be available as from 15th December 2017.
At the beginning of the program in 2017, six out the ten startups had no funds, and two didn’t have tangible products. Currently, all the ten have revenue and have commercial contracts. Two of the startups have managed to break within three months. All the current growing businesses have either at one point received or involved themselves in discussions to raise money from Angel investors and Venture capitalists. Fo-Sho and Brownie Points received investment before the demo day.