Techstars Toronto, a prominent startup accelerator, still welcomes applications from developers seeking backing and financial support for their groundbreaking projects. Although the application window officially commenced on September 12th, it is set to close on November 29, 2023.
Successful applicants have the opportunity to secure funding exceeding $120,000 and receive invaluable mentorship from Techstars Toronto’s Managing Director and co-founders. This goes beyond financial aid, offering developers a unique chance to collaborate, learn, and flourish under the guidance of industry experts.
Renowned tech enthusiast Adewale Yusuf, co-founder of TalentQL and a recipient of Techstars’ support, applauds the program for its transformative impact on ventures. The Techstars experience transcends mere funding, fostering a community where innovation flourishes.
Don’t miss the opportunity to propel your tech venture to new heights. Submit your application to Techstars Toronto before the closing date on November 29, 2023.
For more details and to apply, visit [Techstars Toronto’s Application Page].
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Techstars Toronto Recent Highlights
Techstars Toronto, a distinguished accelerator program, revealed its impressive 2023 summer cohort in September. Among the 24 companies selected, ten promising African startups were featured. This edition marked a significant milestone in the accelerator’s history with its 100th direct investment, underscoring its pivotal role in advancing not only Canada’s tech ecosystem but also those of emerging markets worldwide.
The startups from various African countries bring diverse solutions to the global stage, addressing pressing challenges and opportunities across multiple industries. Some of the startups in the summer cohort include CatalyzU (South Africa), MPOST (Kenya), Seso (Ghana), Ladder (Ghana), Payfi (Nigeria), Cutstruct (Nigeria), Chimoney (Nigeria), Reeple.ai (Nigeria), Oval (Nigeria), and Hulugram (Ethiopia).
Techstars Toronto’s commitment to fostering innovation and entrepreneurship on the African continent is evident in this selection. Sunil Sharma, Managing Director of Techstars Toronto, emphasized the program’s dedication to nurturing innovation amid an acceptance rate of just 1-2% from a multitude of applicants, showcasing its critical role in shaping the Canadian and global tech landscape.
Explore the Portfolios of the Startups
- Payfi (Nigeria): Facilitating access to affordable housing for international students.
- Chimoney (Nigeria): A fintech startup enabling seamless global money transfers via various channels.
- Reeple.ai (Nigeria): Providing seamless financial services for African immigrants in the diaspora.
- Cutstruct (Nigeria): A marketplace for building materials, enhancing efficiency and transparency in construction.
- Oval (Nigeria): Finance OS for growing businesses.
- Hulugram (Ethiopia): Facilitating social engagement for over 30 million internet users in Ethiopia through a chat-based platform.
- Ladder (Ghana): AI-powered wealth management for individuals and businesses, offering personalized financial advisory and accountancy services.
- Seso (Ghana): Introducing trust and transparency to the African real estate market through advanced technology and industry knowledge.
- MPOST (Kenya): Empowering individuals in the developing world with virtual addresses, using mobile numbers for official purposes.
- CatalyzU (South Africa): Vetting, training, and placing Africa’s leading talent at global startups.
Techstars operates over 40 accelerators globally, including the recently launched Lagos-based outpost. Data from the Techstars startup directory reveals that, apart from the Techstars Barclays Accelerator in Cape Town, more African startups are accepted into Techstars Toronto and New York.
According to BD Funding Tracker and Techstars Directory, Techstars’ accelerators, including its Toronto outpost, have invested in approximately 76 African companies.
