Two African Startups have been called up to take part in the second edition of the Katapault Accelerator schedule to hold in Norway.
The two startups (among the 12 selected companies), Nigerian Fintech startup SimbaPay and Kenyan e-health startup ConnectMed stand the chance of benefiting from three months of training, access to US$150,000 in funding and access to investors and partnerships.
A total of 1,500 applications were received from all over the world from which 12 startups were selected.
Startups from the United Kingdom (UK), Turkey, South Korea, Sweden, Norway, Iceland, India, Singapore and the United States (US), Spain made up the remaining 10.
According to reports by Disrupt Africa, the startups will spend three months in Oslo and go through an intensive programme to leverage their impact. They will have access to more than 120 international mentors, and hands-on support from the Katapult Accelerator team.
SimbaPay is a mobile app that allows users to send money to friends, family and merchants, while ConnectMed has launched an in-pharmacy telehealth service that harnesses machine learning to utilise healthcare workers intelligently.
Shedding more light on the programme, co-founder of Katapult Accelerator, Haakin Brunell said, The Katapult Accelerator is a fast-paced and hands-on programme to help build and scale startups that can solve environmental or societal challenges through exponential technologies.
Our goal for each company is to prepare them for their next round of investment, so that they achieve two to three times their original valuation, he added.
It is also worth knowing that of the 12 startups that took place in the first edition of the programme, 11 raised additional funding.