Japanese agency expands flagship NINJA Accelerator to South Africa
TLDR
- JICA expands NINJA Accelerator to South Africa for collaboration between local startups and Japanese companies.
- NEC XON offers commercial partnership opportunities to promising startups in South Africa.
- Focus on developing the local startup ecosystem through open innovation and strategic collaboration.
The Japan International Cooperation Agency (JICA) has announced the expansion of its flagship NINJA accelerator to South Africa, with a focus on collaboration and open innovation between South African startups and Japanese companies.
The accelerator in South Africa – Open Innovation Edition invites promising startups to explore commercial partnership potential with NEC XON, the pan-African entity majority-owned by NEC Corporation.
JICA aims to study collaboration models between local startups and Japanese companies and contribute to the development of the local startup ecosystem through private sector innovation.
Key Takeaways
After a record-breaking 2022, where nearly $5 billion was raised, Africa's tech funding landscape experienced a slowdown in 2023, which has extended to this year. This funding contraction led to a more conservative approach from investors, emphasizing measured and strategic investments. Despite this, several investors and investment funds are still actively supporting startups across the continent while more early-stage accelerators like JICA's program roll out.
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