Boston’s BlackSoftware.com congratulates African startups who were the lucky ones of 3,000 selected by the TEF Entrepreneurship Programme sponsored by philanthropist Tony Elumelu. They were awarded seed capital of $5,000 and 12-weeks of training for their ideas. Elumelu, the rich Nigerian businessman, put up $100M of capital in a foundation to guarantee the money would be there for them,
Harvard’s B School sees many Elumelu sponsored Africans, but this particular entrepreneurial cohort is not the B school variety, instead, they hustle up from the streets. Their acceptance into his program is a big boost for them. Many won’t make it, but many will, we hope.
BlackSoftware.com is standing by to support the app makers by providing a path to American markets.
Simultaneously, in early November, a group of African Americans entered a business plan challenge funded by NBC Universal Comcast on the West Coast and some were victors and received $10,000, says Blavity.
Boston has plenty to brag about in this arena too. It has funded an innovation district programmer targeting the “underserved” in Black Boston. Residents of Roxbury have a walk-in and get it resource where investors, classes, one-on-one business mentoring sessions and code training is available to those who want it.
You must log in to post a comment.