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Africa Startup Initiative Program (ASIP)
Corporate (with an investment arm),Accelerator
ASIP is a program launched by Telecel Group as part of its CSR activities. It supports young African startups with innovative ideas that positively impact their communities. The program facilitates interaction between startups, entrepreneurs, and investors, aiming to make Africa a welcoming environment for startups.
Overview and Management
Establishment Year
2017
Mission
Our mission is to contribute meaningfully to the African community by nurturing young startups whose innovative solutions make a difference. We aim to transform entrepreneurial concepts into sustainable businesses that benefit society.
Values
Innovation, Entrepreneurship, Community Impact, Economic Growth
Investment Roles
Direct Investor,Intermediary
Participant Demographics
Serving African startups, focusing on FinTech, InsureTech, AgriTech, eCommerce, Digital Health, CleanTech, and mobile technology sectors.
Generational Wealth Planning
Risk Tolerance
References or Case Studies
Can provide portfolio highlights and case studies for participating startups.
Team Experience
Notable Achievements
90% of startups are operational, 40% raised follow-on funding, and 50% achieved valuations exceeding 10x.
Project Track Record
Accelerated numerous successful startups, e.g., Babimo, Kyanda Africa, Edusko Inc., 10mg Pharma, etc.
Exit Strategies
Legal, Compliance and Contact Information
Regulatory Registrations
Compliance History
info@telecelgroup.com
Phone Number
0044 20 3807 5773
Address
Rose-Hill Mauritius