Company embarks on programme to nurture African startups

THE Gullit VC, a company which focuses on African tech startups, has embarked on a 18-month accelerator programme to help the early stage businesses.

Through its office in Addis Ababa, the company offers an accelerator program for African startups.

This initiative demonstrates Gullit’s commitment to nurturing and supporting emerging businesses across the continent.

With access to free legal and financial services, as well as a 300-meter co-working space, the office is fully equipped with cutting-edge amenities.

This workspace is designed to optimize productivity and enable startups to thrive according to
In addition, the Gullit has designated two offices for selected to help them scale up their business models.

The current tenants include G-Media, a dynamic Branding & Advertising agency with a small animation studio, and KBI, a software development company focused on Business Intelligence in Africa.

KBI, on the other hand, is the US entity of ETM Software, an Ethiopian software development firm that is focused on building business intelligence software using Generative AI to help corporations and Non-Governmental Organizations analyze, understand, and visualize their big data.

Currently, KBI is working closely with the UNHCR to develop its refugee tracking software (Compliance and Service Request System), which it has deployed in East Africa.

“Gullit, for the past few years, has provided us with mentorship, advice, and exposure,” Mikiyas Amdu, KBI’s spokesperson, said.

“We are looking forward to the next growth stage for our company in terms of making more revenue. With Gullit, we feel like we’re in this unique space where we can grow exponentially by working together and utilizing the services and coaching their teams provide.”

Innovation and creativity are on the rise in Africa’s startup scene, as entrepreneurs and startups tackle local challenges with innovative solutions across a range of sectors, including Fintech, healthcare, and Edtech.

With a young and tech-savvy population, growing technology adoption, and the availability of funding, these creative minds are driving economic growth and job creation, making it an exciting world of adventure where innovative ideas meet boundless enthusiasm.

Moreover, the African startup ecosystem is experiencing a significant boost, thanks to the emergence of venture capital firms like Gullit VC, who are pushing for change and supporting the next big thing.

Gullit VC believes investing in African startups can help drive economic growth, create jobs, and solve some of the continent’s most pressing challenges.

Gullit has provided critical support for numerous early-stage startups, such as WellaHealth, BuuPass, Qene Games, and Gebeya, enabling them to attain groundbreaking achievements.