Uganda startups shine at GITEX Africa 2023
Ten outstanding entrepreneurs who graduated from the Youth Startup Academy (YSA) Uganda recently participated in GITEX Africa 2023, the premier technology and innovation conference in the African continent.
New partnerships on the horizon
Three of the Ugandan entrepreneurs forged mutually beneficial agreements with two Korean start-ups during GITEX Africa in Marrakech.
And seven Korean startups participated in the Unicorn Acceleration Program of the Korea-Africa Foundation and met YSA entrepreneurs.
Karaa, which focuses on developing electric bicycles and eco-friendly transport solutions, also entered agreements with Harven. Those are awaiting the finalization of signatures.
Supernova Challenge and Women in Tech Award
The Supernova Challenge, the event’s highlight, was an exhilarating competition designed to showcase the brightest and most innovative startups in the region. This thrilling challenge invited entrepreneurs and visionaries to present their ground-breaking ideas and solutions to a panel of esteemed judges and a captivated audience.
As part of its commitment to promoting diversity and inclusion in the tech industry, the challenge awarded the Women in Tech prize, tailored for one exceptional startup led by women. The award recognizes and empowers women entrepreneurs who are driving innovation and making significant contributions to the African tech landscape.
This prize was awarded to Ugandan startup M-Scan, which develops a low-cost, portable ultrasound device to improve maternal health. The goal is to provide affordable scans to isolated areas of Uganda and beyond, to reduce mortality of pregnant women and newborn complications by identifying health issues at an early stage.
Three startups reach semifinals
Two other promising Ugandan startups reached the competition semifinals, showcasing their dedication to advancing Africa's tech ecosystem.
Agrosahas International Private Ltd, an agritech startup, aims to aggregate and process locally sourced products targeting domestic and overseas markets. Essymart, founded in 2020, has created income opportunities for farmers and entrepreneurs by leveraging an efficient logistics system and a digital platform. Their service assists farmers in managing inventory, sales, and transactions.
The 10 businesses from the Youth Startup Academy were the only Ugandan entrepreneurs at the event. Having three start-ups reach the semifinals of a competition with hundreds of competitors from all over the world was not only a great success but also an important learning opportunity and inspiration for all entrepreneurs in the academy.
About the project
The Youth Startup Academy Uganda project, funded by the Korea SMEs and Startups Agency (KOSME), and implemented by ITC in partnership with Hive Colab, aims to incubate 1,000 young entrepreneurs from 2022 to 2024. The adaptation will build on the work done by the Korean Government, will take into consideration the circumstances in which Ugandan entrepreneurs conduct their business, and will include ITC’s knowledge and expertise in supporting entrepreneurs and accessing markets.