Nairobi, Kenya: Adanian Labs is rolling out its second season for the 2022 Cohort Venture Building Program, planning to recruit and select innovative start-ups that are leveraging or looking to leverage smart technologies like blockchain and AI in the deployment of their solutions. Looking for start-ups that cover a broad range of sectors including agriculture, energy, environment, financial services, gaming, health, mobility, smart cities, SME’s and beyond.
Kicking off on a high they are already on a mission to identify and select innovations that are exceptional to be a part of the 12-month Venture Building programme which will see start-ups receive USD120 000 worth of pre-seed funding.
The 12-months program rolls across Africa in countries including: Tanzania, Zambia, Nigeria and South Africa. It is carefully designed with monthly KPIs under support and supervision that includes: fine-tuning the tech solution using relevant technology like AI and blockchain; building and training a team for the start-ups and providing expert support; getting the start-ups investor-ready and exposing them to a wide investor networks; and guiding the start-ups with go to market strategies and growth support among other things.
When the start-ups leave the Adanian Labs at the end of the 12 months, they would ideally have launched a product, onboarded consumers, unlocked their revenue models, closed, or are closing seed deals with investors. They there after continue to work remotely and through governance structures with the start-ups to help them further grow and raise their series A and B funding.
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 twenty (20) 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, Kenya.
“Local partnerships are key in realising the Adanian Labs vision. It excites us to have created strategic partnerships with local entrepreneur As Adanian Labs, we aim to build the next generation of socially impactful and commercially driven companies that will change the world from Africa.” S ays Adanian Lab’s CEO, John Kamara.
Adanian Labs is a dynamic ecosystem that aims to Innovate, Nurture, Launch and Scale disruptive solutions. Selected after a rigorous selection process from over 150 start-ups that applied for the 2022 Adanian Labs Venture Building programme, the 20 startups will have an opportunity to present their unique innovations that need to align with Adanian vision to incubate technologically viable products and of commercialising and scaling.
The five selected startups will join the Adanian labs first Cohort of 2022 internationally as they will join start-ups from other countries such as South Africa, Tanzania, Nigeria 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 fourteen (14) groundbreaking tech startups across sectors; have established a first in Africa partnership with Emurgo Africa. EMURGO, the commercial arm of Cardano and have raised seed funding for 4 of its existing start-ups such as Afya Rekod - a consumer-driven digital health data platform; Phema Agri - an agriculture crowdfunding platform; Paylend - an SME credit lending solution and others such as Twaa, eCobba, Reward Adz, Bloow and Ada Animation.
Adanian Labs uses its unique positioning to provide critical support for startups through an evolving socio-economic ecosystem revolving around the sharing of resources, creation, production, distribution, trade and consumption.
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Issued by JT Communication Solutions on behalf of Adanian Labs SA
About Adanian Labs:
Adanian Labs is a Pan African venture building studio with a mission to build, incubate and launch impact-driven technology companies and entrepreneurs working to solve some of Africa’s most pertinent challenges.
Adanian Labs uses smart technologies (AI and Blockchain) as building blocks to create solutions that are impact-focused, commercially viable and scalable across Africa and other parts of the world.
Currently, the company has built 14 startups including in AgriTech, HealthTech, WomenTech, FinTech, AdTech, SmeTech and other industries; and has launched 2 centres of Excellencies - AI Center of Excellence for Artificial Intelligence and The Africa Block Chain Center for Blockchain Technology.
Adanian Labs is a partner of EMURGO Africa and is headquartered in Nairobi Kenya, with a presence in Nigeria, Tanzania, South Africa, Zambia, Swaziland and the United Kingdom.
© Press Release 2022
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