In support of President Biden’s Africa Digital Transformation Initiative and building on the U.S. Department of Commerce’s overall Africa strategy, NBA Africa today announced the launch of Triple Double: NBA Africa, a continent-based startup accelerator.・Announced the launch of a startup accelerator. Early stage startups in Africa.
Triple Double: NBA Africa Startup Accelerator supports Africa’s technology ecosystem and Africa’s next generation of technology entrepreneurs by providing mentorship and access to capital to help accelerate growth in the sports and creative industries.
The Triple-Double: NBA Africa Startup Accelerator, run by ALX Ventures, targets early-stage startups in Africa developing solutions for event management and ticketing, youth development, AI, and digital marketing in the sports and creative industries. Startups can apply to join TripleDoubleAccelerator.NBA.
The 10 selected startups will be paired with mentors comprised of NBA Africa and ALX leadership and other company stakeholders to guide the companies with a focus on product development, business growth, and go-to-market strategies. Offers. NBA Africa will hold a Demo Day in New York City in September to coincide with the United Nations General Assembly (UNGA). Participating companies will pitch their products to a panel of top industry leaders from the U.S., Africa, and around the world. The committee will then identify four winning companies, who will receive financial support, mentorship and the opportunity to collaborate with NBA Africa and the Basketball Africa League (BAL) on current and future initiatives on the African continent. .
The announcement was made by NBA Africa CEO Claire Akamanzithe U.S. Secretary of Commerce also participated Gina M. Raimondo and Commissioner of the U.S. Trade and Development Agency. Ino T. Ebon At the American Chamber of Commerce Business Summit in Nairobi, Kenya.
“We are excited to launch an accelerator program based on the African continent and focused on early-stage African startups,” Akamanzi said. “This groundbreaking new initiative reflects our commitment to growing the African sports ecosystem, and these great companies will be at the forefront of shaping the future of sport on the continent. Sho.”
Additional information regarding the Triple-Double: NBA Africa Startup Accelerator will be announced at a later date.
