- NBA Africa this week announced a new initiative aimed at startups on the continent called Triple Double.
- It is being facilitated by ALX Ventures in terms of identifying, upskilling, and upscaling the startups.
- The first round of applications close at the end of this month.
NBA Africa has announced an initiative that will be of interest to early-stage startups on the African continent. This as the company has debuted Triple Double, which is a newly launched startup accelerator.
Triple-Double: NBA Africa Startup Accelerator, which is its full title, will look to support Africa’s tech ecosystem and identify the next generation of local tech entrepreneurs by providing them with access to mentorship and capital within the sports and creative industries.
It is being operated via a partnership with ALX Ventures, which will serve as an incubator to provide the tech leaders chosen with access to skills and tools to launch and scale their startups.
The first round of applications is already open, but closes soon – 31st May 2024 specifically. Following the closure of applications, 10 startups will be selected.
“The 10 selected startups will then be paired with mentors comprised of NBA Africa and ALX leadership, and other corporate stakeholders, who will provide guidance to the companies with a focus on product development, business growth and go-to-market strategy,” NBA Africa explains in a press release sent to Hypertext.
Following the incubation process, in September, NBA Africa will hold a Demo Day in New York City. There, participating startups will pitch their products to a panel comprised of industry leaders from the US, Africa, and other parts of the world. The panel will then determine the four winning startups, which will be awarded financial support, mentorship, and the opportunity to work with NBA Africa and the Basketball Africa League (BAL) on any current and future initiatives on the continent.
“We are thrilled to launch an accelerator program based on the continent and focused on early-stage African startups,” says NBA Africa CEO, Clare Akamanzi (pictured above). “This groundbreaking new initiative reflects our commitment to expanding the African sports ecosystem, and these incredible companies will be at the forefront of shaping the future of sport on the continent,” she adds.
To find out more about the Triple Double startup accelerator, head here.
[Image – Provided]
