Uganda on Wednesday launched the NINJA Accelerator, an initiative designed to empower growth-stage startups and enhance their regional influence.
This program, a collaboration between the Uganda Ministry of Trade, Industry, Cooperatives, Hindsight Ventures, and JICA, aims to provide tailored support to Ugandan entrepreneurs.
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Empowering startups
The NINJA Accelerator was established to foster innovation among Ugandan startups with significant potential. A rigorous selection process narrowed down over 130 applicants to just 10 startups across diverse sectors, such as fintech, agritech, and healthtech.
These selected startups collectively generate monthly revenues ranging from $10,000 to $120,000.
Dr Joshua Mutambi, Commissioner at the Ministry of Trade, expressed optimism about Ugandan startups attracting venture capital.
He stated, “We are committed to supporting our startups through initiatives like the NINJA Accelerator”.
The program offers various benefits, including customised technical support and market linkages. A notable feature is a week-long immersion tour in Nairobi, where participants engage with leading corporations such as Absa Bank Kenya and Safaricom.
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Building a thriving ecosystem
The NINJA Accelerator culminates in a Demo Day scheduled for February 2025, during which startups can showcase their innovations to potential investors.
Mbabazi Ruth from JICA emphasised the importance of this initiative in nurturing Uganda’s startup ecosystem: “JICA is working towards holistic growth by supporting acceleration programs and policy development”.
The program aims to enhance individual startup success and establish Uganda as a vibrant hub for innovation.
With structured mentorship and strategic support, the NINJA Accelerator is set to transform Uganda’s entrepreneurial ecosystem.