Google’s Launchpad will cover mobile app and web developers this year. AFP PHOTO
Summary
- Google has been active in the global start-up space, offering free access via credits to tools that lower the technological barriers to market entry for innovators and also committing both human and capital resources towards supporting promising start-up teams in emerging markets through the Launchpad Accelerator.
The world of technology is in constant flux with new things
coming to market and start-ups rising up to tackle current and future
challenges. The support systems for these startups have also grown with a
mix of everything from pure play capitalisation, incubation and
acceleration.
Capitalisation is the desired goal of
most businesses starting up, to empower them to grow or meet other key
performance indicators critical to business survival and growth.
Incubation and acceleration are, however, critical to achieving an investment milestone.
Incubation and acceleration are, however, critical to achieving an investment milestone.
Sometimes these two are used interchangeably but they carry distinct differences in the stage of company that they may accept.
Incubation
is really the early stage support structure that looks to provide
scaffolding for a start-ups first months with programmes often going
nine months to a year. This should not be confused with co-working that
seems to have taken major African cities by storm.
Accelerators sharpen and focus start-ups that have achieved
product — market fit and have started scaling in terms of customers,
market share, revenue, team....
Google has been active
in the global start-up space, offering free access via credits to tools
that lower the technological barriers to market entry for innovators and
also committing both human and capital resources towards supporting
promising start-up teams in emerging markets through the Launchpad
Accelerator.
On the higher end of their acceleration
cycle, we have seen companies such as Nigeria’s Delivery Science,
Flutterwave, Gidi Mobile, and Paystack; South Africa’s Jumo and Kenya’s
Twiga Foods benefit from mentorship, equity-free support, and access to
Silicon Valley experts.
This year has marked the start
of their regional initiatives targeted at 40 countries. Launchpad
Africa, with a three- month cycle looks to select startups based in
Kenya, Nigeria, Ghana, Tanzania, South Africa and Uganda with a
committed fund of $3 million (Sh300m) deployed over three years and
targeting 60 participating companies.
Going beyond the
digital skills they have supported in the past, a partnership with
Udacity is offering scholarships starting May 8, covering web and mobile
app development for the novice and experienced.
The top 150 and 100 respectively qualify for the Nanodegree Programmes.
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