Facebook in partnership with Co-Creation Hub, has announced the commencement of season two of its the Facebook Accelerator Program.
The Program is aimed at supporting and empowering students and entrepreneurs to build locally relevant solutions using advanced technology.
For the first time, applications for this year’s program stretched beyond Nigeria and included Ghanaian innovators.
The final teams made up of eight startups and four student teams will be part of a six-month program that aims to aid innovative and visionary applicants in creating solutions with advanced technologies.
The research and the mentorship-driven program will provide the teams with access to product and industry experts, as well as deeper knowledge in how to optimize solutions which leverage technology such as Artificial Intelligence (AI), Internet of Things (IoT) Data Science, Augmented Reality (AR) and Virtual Reality (VR).
Like its first edition, this year’s bootcamp will be held at Facebook’s flagship Community Hub space, NG_Hub.
The student teams taking part will be provided with equity-free funding of $10,000, whilst the Startup teams will be provided with $20,000 in equity-free funding.
Both teams will also have access to technical and business mentors from the Facebook and the CcHUB network as well as free working space at NG_Hub.
Twelve teams selected from Nigeria and Ghana were unveiled on Friday, September 27 with a demo event that will provide an opportunity for the teams to pitch and showcase a demo of their solutions.
Head of Public Policy for West Africa, Adaora Ikenze, commented: “We’re delighted to be bringing this program back for a second year to NG_Hub, and for the very first time including Ghanaian innovators.
“The success of last year’s program, which saw the graduating teams cumulatively raise over $400,000 in investments and grants as at April 2019, reinforces the amazing talent pool and groundbreaking solutions we see being created from across the continent and here in Nigeria.
“Young innovators using cutting edge technologies to build solutions that are both locally and globally relevant.”
Founder and Chief Executive Officer of Co-Creation Hub Nigeria, Bosun Tijani, added: “Facebook Accelerator as the first deep tech acceleration program in the region has been a great initiative for all of us at CcHUB to support.
“We are extremely proud of the contribution and dedication from Facebook and all of our partners in leveraging the program to inspire and support a new generation of entrepreneurs and makers.
“Fbstart is a unique platform for discovering and enabling technology solutions that are capable of creating significant economic impact and we look forward to working with Facebook in incubating more great minds in the region to build a world we’ll all be proud of.”
Here are the twelve startups participating in the 2nd Facebook accelerator Cohort: Vmedkit, Haulr.ng, Vinsighte, InventOne, Gradely.NG, Appruve, Curacel Systems, Chekkit Technologies, SimbiBot, VNTS, Gesal, and Mus-comm Spill-Sat.
Click here to know more about the participating startups.
