The Spark Accelerator Program is an initiative of Safaricom, M-PESA Africa and Sumitomo Corporation, implemented by the iHub that seeks to grow and scale commercially viable businesses that are also creating societal change.
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The three-month accelerator program will provide a blend of training, mentorship, funding and go-to-market support to spark the growth and scale of ventures that come into the accelerator and set them up for long-term success.
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Studies show that entrepreneurs in Kenya face major challenges, with a 30% lifetime survival rate for startups.
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Microsoft will provide access to the Microsoft Community Platform and SME Skilling Programs to drive capacity building and digitization for Micro, Small and Medium SMEs (MSMEs) across several African markets.
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The M-Pesa SSOC will support M-Pesa operations in Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, and Ghana as well as future markets the service expands to.
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