Progressive tech scaleups to obtain Capital, Capability and Neighborhood to turn out to be African multi-national companies by way of the COSSA program.
Two Rivers Worldwide Finance and Innovation Centre SEZ (TRIFIC SEZ), ONESPACE and Chanzo Capital, a enterprise and progress capital agency devoted to investing in high-tech startups and scaleups, have immediately launched the Chanzo ONESPACE Startup and Scaleup Accelerator (COSSA).
The COSSA program will initially deal with tech ventures which can be able to scaleup from their nation of origin into new markets. COSSA leverages the strategic incentives, one stop-shop and enabling surroundings created by TRIFIC SEZ, the high-end workplace area and admin providers delivered by ONESPACE in addition to the capital offered by Chanzo Capital by way of our KINGS (Kenya, Ivory Coast, Nigeria, Ghana and South Africa) fund. Along with the Capital, the Accelerator will present Capability constructing for the cohort and join them to the enterprise Neighborhood of the international locations they’re launching into.
The COSSA program is a partnership between three main African establishments crafting an African resolution to the challenges that companies from one nation face once they wish to increase into different international locations in Africa. This system leverages the tailwind of the African Continental Free Commerce Space (AfCTA) to create African multi-national companies.
Chanzo Capital will host the eleventh version of its annual Angel Truthful Africa in Nairobi, Kenya from November seventh to eighth, 2024. On completion of the COSSA program, these scaleups would pitch to extra buyers. The primary cohort of COSSA contains the next firms: SaveApp, At Massive Innovation (ThryvCapital Companions LLP) and CheckUPS COVA who’re all from Kenya and seeking to increase exterior.
“We’re delighted to welcome Chanzo Capital to TRIFIC SEZ, it is a welcome boost to our portfolio of firms that can go a great distance into making us the Particular Financial Zone of selection for top tech companies,” stated Brenda Mbathi, the TRIFIC SEZ Chief Govt Officer.
In line with Ian Kabiru, CEO of ONESPACE, “now we have been residence to a number of African and worldwide companies, so our workforce has the know-how and networks to assist the COSSA cohort and allow them to deal with their core enterprise.”
“Packages akin to COSSA are the explanation we created the Innovation Hub at TRIFIC SEZ “ stated Dr. James Mworia, CEO of Centum who can also be the keynote speaker for the eleventh Angel Truthful Africa.
“The COSSA program will create African tech multinational firms by permitting them to commerce globally” stated Cupboard Secretary for Funding, Commerce and Business, Hon. Rebecca Miano EGH, as she launched this system.