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More than 98 local and international exhibitors from 20 different countries, including 17 first-time participants, will be taking part in the ninth edition of
Feb 2, 2021
Almost 200 fintech businesses applied for the AlphaCode Incubate programme which aims to grow innovative financial services entrepreneurs and find the next OUTsurance or Discovery.
Ten of them have been selected for a development programme that provides funding, guidance from performance coaches and a panel of advisory experts, access to AlphaCode’s co-working space and opportunities to apply for further early-stage investment.
The 12-week intensive pre-incubation programme is valued at R500 000, including R150 000 in grant funding for each participant. This jump-start programme has just begun and focuses on achieving a viable business.
It culminates in a demo day, where participants will compete for a place in a six-month step-up programme. Step-up offers grant funding of R500 000 for each startup and intensive incubation focused on achieving both product-market fit and financial viability.