Startups in Facebook Accelerator Programme raise $500,000

The second season of the Facebook Accelerator Programme has so far raised $500,000 in investments and grants. This feat has been recorded just three months into the on-going programme.

The achievement was disclosed by Facebook and CcHUB. Startups in the programme also recorded significant milestones as they sealed key partnerships and made progress towards creating unique products with world-class business processes.

Details of the programme: The startups, which were selected for the Facebook Accelerator Programme, have so far been introduced to multiple venture capitalists and corporate executives. They have also been trained by advisors within the CcHUB Global Advisory network such as c-suite executives and experts from companies like Dell, Oracle, IHS Towers, Stanbic IBTC, Cellulant, Old Mutual, Axa Mansard, among others.

According to the statement issued by Facebook and CcHUB, six startups were responsible for the raising of the $500,000 total raised so far and they include Chekkit, Haulr, Simbi interactives, Vinisighte, Airsynq and Gradely.

The startups are said to be preparing towards showcasing their products, innovations and solutions in the upcoming annual Facebook Accelerator Programme Innovation Showcase week scheduled to hold in February 2020.

While commenting on the feat achieved thus far, the Head of Public Policy for Anglophone West Africa at Facebook, Adaora Ikenze made known that the results show Facebook’s commitment to impacting small businesses positively which transcends down to the communities and local economies.

The Chief Executive Officer of CcHUB, Bosun Tijani, expressed his happiness as he praised the startups for giving their best.

“This is yet another extremely brilliant cohort of startups from the Facebook acceleration programme which we are deeply proud of. This goes to further highlight the readiness of innovators across Africa to leapfrog development on the continent with technological innovation.

“We are delighted to be part of this journey with Facebook in its desire to inspire African entrepreneurs to be among the best in the world,” he said.

Facebook Accelerator is a tech initiative aimed at supporting and empowering students and entrepreneurs to build locally relevant solutions using advanced technology.

The research and the mentorship-driven programme will provide the teams with access to product and industry experts, as well as deeper knowledge on how to optimise solutions which leverage technology such as Artificial Intelligence (AI), Internet of Things (IoT) Data Science, Augmented Reality (AR) and Virtual Reality (VR).

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