Standard Chartered give Ksh.1M in funding to 5 businesses in the Women in Tech program
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Standard Chartered Bank has awarded 5 businesses Ksh. 1,000,000 each in the end of the 4th cohort of the Standard Chartered Bank Women in Tech incubation program. The businesses awarded as part of the Women in Tech program which is run in partnership with @iBizAfrica, a business incubator at Strathmore University.
The winning firms include:
Ecila Films which produces films of authentic African stories
Ufasiri Halisi SLI Innovations Limited which focuses on revolutionizing assistive technology for the deaf and hard of hearing
The Viwanda Africa Group which improves flight safety through a cloud-based AI platform for aircraft maintenance and spare parts planning
5 Women-Led Companies Awarded Ksh1 Million Each
By Kenyans.co.ke Writer on
Kenyan Currency notes.
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Five tech firms led by female entrepreneurs won the fourth cohort of the Women in Tech Incubator (WIT) Programme, a project by Standard Chartered Bank (StanChart) in partnership with
iBizAfrica-Strathmore University.
Ecila Films, Ufasiri Halisi SLI Innovations Limited, Viwanda Africa Group, Mandevu Beardcare and Runnovate were selected from a group of 10 participants shortlisted from 111 applicants.
Each of the companies was given Ksh1 million seed funding as part of the award.
The winners were selected on the basis of scalability technology adoption, entrepreneurial and leadership experience.
Ecila Films & Runnovate among 5 businesses to receive Ksh. 1 Million funding from the Stanchart Incubation program hapakenya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hapakenya.com Daily Mail and Mail on Sunday newspapers.
· Ecila Films which produces films of authentic African stories
· Ufasiri Halisi SLI Innovations Limited which focuses on revolutionizing assistive technology for the deaf and hard of hearing
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. The Viwanda Africa Group, which improves flight safety through a cloud-based AI platform for aircraft maintenance and spare parts planning
· Runnovate which helps business owners save time and reduce the cost of running their businesses by working with a team of virtual assistants.
· Mandevu Beardcare, which is a men’s grooming company offering a beard care product line.
The funding recipients were picked after a rigorous judging process undertaken by accomplished professionals from Dry Associates Limited, Viktoria Ventures, Standard Chartered Bank and @iBizAfrica- Strathmore University who judged the businesses on scalability, technology adoption, entrepreneurial and leadership excellence.