Representation matters and by having a diverse AlphaCode team and selection panel, we have an inclusive and diverse cohort. In addition, these startups will be able to apply for seed capital from AlphaCode’s fund that invests in early-stage startups. Almost 170 tech businesses initially applied for AlphaCode’s Incubate programme which aims to grow innovative tech-enabled startups and find the next OUTsurance or Discovery. The AlphaCode Incubate programme has disbursed R36.7-million ($2.4-million) in funding to 50 tech-enabled startups over the past seven years. AlphaCode Incubate awards entrepreneurial packages to South Africa’s most promising financial services startups through AlphaCode with the support of Rand Merchant Investments.

Source: The North Africa Journal June 03, 2022 12:13 UTC