Itanna, the Honeywell Group-backed corporate venture capital, passionate about making equity-based investments available for startups, rolled out the second cohort of its accelerator programme yesterday in a Demo Day event.
Taking a different shape from the Itanna inaugural cohort, which accepted only fintech startups, this batch had healthtech, adtech, and proptech startups.
At the end of the 4-month programme, which involved one-on-one diagnosis, mentorship, and feedback sessions to monitor and track startup progress, each startup got a $30,000 fund.
The three startups that participated in Itanna second cohort accelerator are:
- Gerocare — a healthtech startup that operates a subscription model that schedules periodic health checks for the elderly through a network of health professionals. Gerocare is also a Techpoint Build Alumnus.
- Simbi Interactives (SimbiBot) — an AI solution recreating the classroom via its website and offline mobile app to foster personalised learning experiences. Students get taught subject concepts, and engage other users in mini-contests, which are expected to result in more assimilation and retention and, consequently, excellent test performances.
- E-estates — a real estate electronic platform for gated residential estates launched in April 2019, providing security access and resident-to-facility communication channels. Used by both estate managers, residents, and handymen to track payment inflow and access utility servicemen for house maintenance.
In subsequent cohorts, Itanna intends to attract startups looking to expand their operations in the West African markets. And the company is also committed to ensuring that such startups have an easy transition into the market.
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Nigerian startups raised $377m in 2019, more than twice what they did in 2018. Find out more when you download the full report.