Microsoft-backed AI program for African startups launches
Flapmax, a leading artificial intelligence (AI) company, has launched the second FAST Accelerator program designed to support and fund the next generation of innovative companies and entrepreneurs in Africa.
Building on the success of the inaugural program, which more than 800 startups from 25+ countries applied to join, the accelerator helps startup founders seeking to scale rapidly and sustainably.
In partnership with Microsoft, the initiative combines business development, technology integration, funding opportunities, and community building to empower startup companies based in Africa and emerging markets to deliver sustainable solutions.
Key Takeaways
Across Africa, startups currently offer AI-driven services and are increasingly attracting VC dollars to serve several industries. Earlier this year, Germany’s BioNTech SE acquired InstaDeep, a Tunis-born AI startup, for up to $680m. Egypt-based Instabug and Synapse Analytics raised $46m and $2m respectively last year. For every big name that dominates the headlines, there are several other upstarts building innovative AI-led solutions, though yet to be market-tested, that need early-stage support from programs like FAST.
Think someone else should see this?
To invest in this opportunity and other opportunities across Africa
Download the daba finance app on your mobile through
Take action.
Download app
Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.
Partner with us
Unlock exciting business opportunities and growth potential.
Join Daba
Become a part of our vibrant community and enjoy exclusive benefits.
Contact us
Reach out to us for inquiries, support, or collaboration.