Renowned African Incubator MEST Celebrates 10 Years With $700,000 Investment
Summary
To celebrate its 10th anniversary of investing in African tech startups, the Meltwater Entrepreneurial School of Technology (MEST) has announced seven companies who will receive $700,000 in funding. "Our primary pathway to both our incubators and our seed fund uniquely begins pre-idea and pre-team, we equip our Entrepreneurs-In-Training (EITs) with a baseline of skills and industry exposure both most importantly with a cohort of 59 other handpicked individuals driven to create Pan-African, if not global, technology businesses. "This year certainly saw a trend towards solutions that use a range of sophisticated technologies from IoT to AI to facial recognition to solve problems businesses large and small, from a sole banana stall to a multinational bank, are facing in Africa," said Fu. • None Nvoicia, which is launching almost simultaneously in Lagos and Accra, will use machine learning to unlock liquidity for SMEs via accessible and consistently assessed invoice discounting. He launched the Africa office for Nest, a Hong Kong-based VC and Accelerator, where he led investments and innovation programs with Barclays, Visa and the World Bank.