Safaricom initiates the second stage of the Spark Accelerator program, designed to bolster fledgling businesses in Kenya.
The deadline for applications for the second phase of the Safaricom Spark Accelerator Programme is fast approaching, with startups in Kenya having until May 15, 2025, to submit their applications. This programme, aimed at early-stage startups, offers a unique opportunity to access resources, mentorship, and market opportunities.
The Spark Accelerator Programme is designed to support bold startups by equipping them with the necessary tools, guidance from mentors, and opportunities to connect with potential investors and markets. The programme is open to Kenyan startups, particularly those developing solutions in sectors like embedded financial services, content, and related industries.
To be eligible, applicants should have an existing product, be post-revenue, and exhibit strong growth potential. Successful applicants will receive access to product and technology support such as Daraja and M-PESA Open APIs. Additionally, participants will have the opportunity to tap into Safaricom's customer base of over 30 million.
Throughout the programme, startups will attend networking events and access potential funding from Safaricom and prominent venture capital funds. Teams with diverse leadership, particularly those with female founders or leaders, are strongly encouraged to apply.
As a token of support, AWS Activate credits of up to $25,000 are provided to participants. The application period for the Spark Accelerator Programme starts on April 1, 2025, and will remain open until May 31, 2025.
For the most precise and up-to-date information, checking Safaricom’s official site or their announcements around Spark Accelerator Phase 2 would be advisable as these programmes often involve application portals, selection criteria, and timelines communicated directly by Safaricom.
In conclusion, the Safaricom Spark Accelerator Programme continues its role as a key enabler for Kenyan startups aiming to grow via tailored support and strategic partnerships. Interested startups should submit their applications for the Spark Accelerator Programme before May 15, 2025, via the official website.
Startups in Kenya can potentially secure venture capital funds and tap into technology support with Safaricom's Spark Accelerator Programme, particularly those focusing on embedded financial services, content, and related industries. Successful applicants will receive resources, mentorship, and access to market opportunities, as well as the potential to connect with venture capital funds.
