Standard Chartered Bank, in partnership with Strathmore University's iBizAfrica Center, has announced the newest cohort of its transformative Women in Tech program.
This year's initiative focuses on identifying and nurturing female entrepreneurs who are utilizing technology to spearhead impactful and sustainable businesses.
In a statement, Dr. Joseph Sevilla, Director of iBizAfrica, praised the program participants, stating, "These startups exemplify the innovative spirit and resilience of Kenyan women entrepreneurs. We are committed to providing them with the resources and mentorship they need to scale their businesses and create a lasting positive impact on Kenya."
Empowering Women for a Sustainable Future
The 2024 Women in Tech program, themed "Empowering Women for a Sustainable Future," prioritizes startups with technology-driven solutions that integrate Environmental, Social, and Governance (ESG) practices and align with the Sustainable Development Goals.
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Shortlisted teams showcased a strong ability to execute their ideas, a commitment to addressing Kenya's socio-economic challenges, and a well-rounded team skillset encompassing leadership, business development, product development, and marketing.
"Kenya's technological advancements position it perfectly to implement innovative solutions for global climate challenges," said Joyce Kibe, Head of Corporate Affairs, Brand and Marketing, Kenya and Africa, at Standard Chartered.
"We are confident that the businesses incubated through this program will be future leaders in Kenyan and international business," Kibe added.
Equipping Businesses for Success
The 12-week business incubation program provides participating startups with training tailored to emerging technologies like artificial intelligence, the Internet of Things (IoT), and big data.
Additionally, the curriculum covers fundamental business concepts like idea conceptualization, strategy formulation, and marketing, equipping ventures with the tools needed to transition from incubation to sustainable success.
Meet the 2024 Women in Tech Cohort
Fifteen Kenyan-owned, female-led businesses have been selected for the 2024 program.
These innovative ventures represent diverse sectors within the Kenyan economy, including:
- Sustainable tourism solutions (Girah Heritage Ltd)
- Renewable energy production (MOMA Renewable Energy)
- Social enterprises focused on health (Voda Water) and women's empowerment (Gwiji for Women)
- Educational technology providers (Meira Education Solutions)
- Fintech solutions for smallholder farmers (Zaoshinani)
- Waste management companies (Kavalian Limited)
- Retail management platforms (Smart Reja)
- Property technology solutions (AerialGIS)
- Mental health services providers (PsychCare Clinic)
- Delivery management applications (Jido)
- Educational coding platforms for girls (Africa Stem Girl)
- A Legacy of Empowering Women in Tech
Since its inception, the Women in Tech program has received over 2,250 applications and empowered 64 women-led tech startups.
The program offers a comprehensive support system, including mentorship, business advisory services, coaching, networking opportunities, seed funding access, and investor forums.
This holistic approach has helped participating businesses achieve international standards and secure over Sh40 million in seed funding for 32 ventures over the past six cohorts.
The Standard Chartered Women in Tech program is a leading initiative fostering a new generation of successful female technology entrepreneurs in Kenya, driving sustainable economic growth and social progress.
