Disrupt Africa reports that the announcement came on Friday, at the ongoing South Africa Innovation Summit. The Enterprise Elevator programme will focus on high impact healthtech startups and will help participants become investment ready, eventually granting them access to capital and markets, while developing their businesses.
The programme will feature four months of virtual training, split into nine-modules, though it will also incorporate regular workshops in Cape Town. 10 startups will be admitted into the maiden edition, which will probably take place in October this year.
After the programme, the team will identify and solicit suitable investment partners for the startups from its network of global investors, while supporting the businesses in scaling their operations and gaining market access.
Speaking to Disrupt Africa, Vasileos Sofiadellis, a director at Visions2Ventures, said they are interested in running programmes with a social impact and had noted during discussions with strategic partners that health was a key focus area.
“We have also been working closely with several exciting startups that are in the health space and we have therefore decided to place some of our focus on the m-health and e-health sectors,” he said.
“We would consider expanding our programme but this is a long-term view. Our current focus is on ensuring that we identify the best startups with which we want to work with. We will then focus on helping them achieve their objectives and help accelerate their investment readiness and access to markets.”
About a month ago, another healthcare accelerator launched in Nairobi, Kenya. Guess it’s First Aid season.