Kenya is often known as “Crown Jewel” of innovations in East and South Africa. The Ministry of Industry, Trade and Cooperatives has a mandate to grow Kenya’s enterprises. As a strategic partner of the Nairobi Innovation Week (NIW), the ministry is leading various partners in contributing and enhancing the startup movement by nurturing innovation and supporting entrepreneurship.
NIW.Startups is a program initiated by the Ministry, working with stakeholders to identify promising startups from all counties in Kenya, to strengthen and nurture them and facilitate their scaling. Various Seed & Growth Capital Investors and Incubation hubs will participate in the program.
The purpose of NIW.startups is to prepare home grown localized innovative and scalable startups to be investor ready and to either give them access to seed stage funding or growth phase financing options. Access to funding is one of the pressing challenges faced by startups globally. In contribution to the overall objective of NIW 2017 of strengthening the innovation ecosystem, NIW.Startups seeks to create common platform through which various support institutions can systematically address the funding challenges of startups.
To support the development of innovative and sustainable startups in Kenya by facilitating access to finance and business support services.
Your Startup should be less than 5 years old and at the early startup stage where internal resources have been mobilized and regulatory requirements fulfilled to start the company.
The eligible Startup will provide employment opportunities and solutions to improve the livelihoods of children, youth, women, elderly through a variety of sectors including but not limited to the following sectors: Agriculture, Healthcare Solutions, Education, Water and Sanitation and Hygiene, Protection, Waste Management & Recycling, Manufacturing, Energy, Transport and Logistics, Financial Inclusion, Information and Communication Technologies.
In addition, the startup should subscribe to the Principles of Innovation www.digitalprinciples.org