Britam BetaLab has launched a 12-week pre-incubation program. They have selected six promising startups to tackle key challenges in Kenya. They will tackle financial services, including real estate, savings, SME financing, and healthcare.
These ventures, such as Zereba’s deposit-free rental platform and Medicod AI’s healthcare optimization software, were chosen for their potential to innovate in the finance and insurance sectors.
The Britam Betalab program offers comprehensive support, including business model development, product creation, market validation, and pitching skills. Moreover, this aims to help these startups scale and succeed.
Top performers may advance to BetaLab’s full incubation program. Partnerships with seasoned professionals, including Eddy Thiong’o and Dr. Matunda Nyanchama, provide mentorship and guidance.
“We are excited to collaborate with these talented entrepreneurs and support their growth journeys,” said Evah Kimani, Director of Partnerships & Digital at Britam. “Their innovative solutions have the potential to transform the financial services industry and improve the lives of Kenyans.”
Application Process
After a countrywide call for applications, BetaLab shortlisted six startups from a wide pool of applicants based on the quality and soundness of their ideas, as well as the clarity of their needs and objectives.
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The pre-incubation program accelerates startups’ growth and development through an intensive 12-week journey. Upon completion, the top three performers will be eligible for incubation within the BetaLab program.
The program is in partnership with Senior Talent, which connects highly skilled and seasoned senior business executives with business founders to help tackle their business challenges and accelerate their development and growth.
“Entrepreneurship is a noble pursuit demanding exceptional resilience and innovation. BetaLab aims to empower these six startups to overcome challenges, create impactful solutions and foster economic prosperity while inspiring a new generation of entrepreneurs” said Senior Talent Chief Executive, Nduati Maina.
Some of the program’s trainers and mentors are seasoned techpreneurs, including:
Edwin Kinoti: A digital transformation expert with a focus on cloud services and corporate acceleration.
Eddy Thiong’o: An experienced tax lawyer and startup analyst who supports businesses in corporate strategy and tax advisory.
Dr. Matunda Nyanchama: An ICT professional and chairman of Damu Sasa, an innovative end-to-end blood services information management system.
Betty Cianda: A gender finance and business development consultant.
Britam’s Director of Partnerships & Digital, Evah Kimani, expressed excitement about the transformative potential of these startups, highlighting their role in improving the lives of Kenyans and inspiring the next generation of entrepreneurs.
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