Standard Chartered & Strathmore University have closed the eighth Women in Tech [WiT] Accelerator cohort with the graduation of 15 founders and the award of KES 9.1 million in seed funding. Seven women-led ventures received KES 1.3 million each to scale tech solutions addressing economic, health, and environmental needs in Kenya.
The programme enters its eighth year at a time when women founders still face major growth barriers. A World Bank study shows women-owned firms in Sub-Saharan Africa add up to 13% of GDP yet earn 23% less revenue than male-led businesses. Closing this gap could unlock a KES 41 trillion economic opportunity, driven largely by stronger digital adoption.
Investment to Close $264 Billion GDP Gap
This year, the cohort attracted 84 applicants. Fifteen businesses were selected for a 12-week accelerator covering sustainability, ESG, business modelling, and product development. A panel of industry and academic experts then chose the seven winners based on innovation, market demand, and social impact. The process signals a shift toward measurable results rather than broad entrepreneurial storytelling.
Dr. Joseph Sevilla of @iBizAfrica said the graduating founders are shaping a new wave of African innovators. Standard Chartered Board Director Nivi Sharma noted that the bank invests in women founders because their leadership drives inclusive and long-term innovation.
The seven winning ventures reflect Kenya’s most active sectors. They include home-based healthcare, digital medical systems, hive-monitoring technology, sustainable fashion, natural skincare, recycled construction materials, and community care services. Their work shows how women are using technology to solve practical, everyday challenges.
Since 2017, the WiT Accelerator has supported 93 women-led ventures, with 46 receiving funding. Standard Chartered & Strathmore University Alumni have created more than 280 jobs. Some, like Bena Care, now generate significant revenue and operate at national scale.
