Itanna launches 2nd accelerator programme with 4 startups

The corporate venture capital platform of Honeywell Group, Itanna , has officially launched the second edition of its accelerator and investment programme. Four startups have been selected for the second accelerator programme from over 200 applications received across nine African countries. The four startups selected for Itanna’s second accelerator programme include: Gerocare , a company […]

The corporate venture capital platform of Honeywell Group, Itanna , has officially launched the second edition of its accelerator and investment programme.

Four startups have been selected for the second accelerator programme from over 200 applications received across nine African countries.

The four startups selected for Itanna’s second accelerator programme include: Gerocare , a company that leverages technology and traditional African family values of adult children taking care of their parents to provide a structure for medical care for the elderly; Simbi Interactive , which uses interactive questioning and answering to help students learn, master and evaluate themselves in any subject; E-Estates, a mobile/web solution that helps estate managers coordinate their affairs and interaction with residents effectively and lastly Carido, an on-demand automobile service technology platform that aggregates automobile maintenance demands through mobile devices and thereafter facilitates their fulfilment through select competent and credible service providers.

These startups would receive investments to the tune of $30,000 from Itanna as they will also have the opportunity to pitch to Honeywell Group’s network of domestic and international investors at a Demo Day to be organized at the end of the programme.

According to the Vice President and Head of Investments at Itanna, Tony Idugboe, the four startups for the second edition were selected because they had recorded significant traction from their inception till date. He said a review of the companies’ trajectory and their respective market growth rates showed that they were uniquely positioned to expand and acquire more market share over the next few years.