As part of its activities to launch in the Nigerian market, Adanian Labs, a dynamic ecosystem that aims to innovate, launch and scale disruptive solutions, is on a mission to identify with select innovations, which are going to be part of its 12-month venture building programme.
According to the labs, this will see start-ups receive USD$ 120,000 worth of pre-seed funding.
Also, as part of its vision to be the leading Pan African tech lab investing in African innovations created to solve problems on the continent and beyond, Adanian Labs will be hosting a demo day where 25 shortlisted start-ups will pitch in-person to a panel of adjudicators for a chance to be selected as the final five successful start-ups to be incubated at Adanian Labs South Africa.
“Local partnerships are key in realising the Adanian Labs’ vision. It excites us to have created strategic partnerships with local entrepreneurs. As Adanian Labs, we aim to build the next generation of socially impactful and commercially driven companies that will change the world from Africa,” says, CEO, John Kamara, CEO, Adanian Labs.
According to Kamara, the five selected startups would join the Adanian Labs first cohort of 2022 internationally, as they would also join start-ups from other countries such as Kenya, Tanzania, South Africa and Zambia.
The Adanian Labs venture building program will offer a blend of technology development, technical support, business mentorship, access to market, partnerships and funding while helping startups apply lean principles in processes, learning, iteration and scaling of their innovations.
Adanian Lab’s mission is to build 300 impact-driven tech startups that are commercially viable and scalable across the continent and beyond, with a vision to create an exponential impact on the African economy through youth empowerment.
Since its establishment in 2020, Adanian Labs has incubated 14 groundbreaking tech startups across sectors; they have established a first in Africa partnership with Emurgo Africa. Emurgo, the commercial arm of Cardano, have raised seed funding for four of its existing start-ups such as;AfyaRekod – a consumer-driven digital health data platform; PhemaAgri – an agriculture crowdfunding platform; Paylend – an SME credit lending solution; and others such as Twaa, eCobba, Reward Adz, Bloowand Ada Animation.
The Demo event for the 25 shortlisted startups will happen on January 24 and 25, 2022. The selected startups include; Loopserv Ltd, Kondo, Lombaz Swift, Medtech Africa, Smartiphy Ventures, Byte, Betalife, Ntapi (in-tapi), Losode, Kalibotics, Genera Finance, Ikonik, Kainos Enterprise., Really Easi, EDUEASE, TechonomyAfrica, PersonaRise, Kobopay, LabTest.ng, Agbaye.com, KHUDU, OMNIA (DEFI),and BASIRA.