Standard Bank Partners Founders Factory Africa, Netcare , For Investment In 5 African Tech Startups

Lagos, February 3, 2020 – Five new startups have been accepted into the Venture Scale programme, which is an initiative of Founders Factory Africa (FFA); backed by Standard Bank and Netcare as corporate investors. 

The five startups were formally inducted into the Venture Scale programme on Monday, February 3, 2020.

All five startups have developed product offerings targeted at the FinTech or HealthTech sectors; and are set for an aggressive growth strategy – aided by the technical and operational expertise offered at FFA. 

The Venture Scale programme at FFA affords African startups the opportunity of rapid scale, made possible through a financial cash investment in tailored support services – across product development, UX/UI, data science, engineering, business development and growth marketing.

Roo Rogers, Co-Founder & CEO Founders Factory Africa, says: “The five businesses joining the Venture Scale programme represent some of the best of African entrepreneurship and innovation.  From point-of-care DNA testing to agricultural logistics, the Founders Factory Africa portfolio has the potential to truly drive economic growth and transform the continent. We’re incredibly excited to be part of the growth of these businesses and to deliver their true scale potential.”

In addition to the hands-on support provided, participating startups will also have access to exclusive partnerships with FFA’s pan-African corporate investors, Standard Bank and Netcare, which unlocks many of the scaling challenges that businesses face. This includes distribution channels, customer acquisition, pilots, data, IP and expertise, essentially offering the startups a very huge advantage in the competitive marketplace.

Larry McCarthy, Head of Strategic Investments and Alliances at Standard Bank, says that he is excited to grow entrepreneurship across the continent. He stated: “Seed capital and business development programmes like FFA are needed to meet the fast-paced demand for technology across all sectors of business, and the effect it can have on improving growth. Standard Bank, being an African business, is committed to participating in this vital element of the economy.”

Amongst the five new startups joining the Venture Scale programme at FFA is Foodlocker, a Nigerian based company. Foodlocker forecasts foodstuff demand through deep machine learning, thus enabling large-scale buyers to efficiently procure fast-moving consumer goods and fresh produce from smallholder farmers. Others startups included in the programme are LocumBase, Akili Labs and EnvisionIt Deep AI, all from South Africa.

LocumBase is an independent, online booking and management platform that provides real-time availability of verified locum medical professionals, by assisting practices in need of short-term, qualified stand-ins, who are able to provide quality care when needed most.

Akili Labs leads the way in low-cost point of care, rapid diagnostics – capable of testing for viruses, bacterial and fungal infections. EnvisionIt Deep AI is a platform that improves the speed and accuracy, with which a radiologist can diagnose and prioritise chest x-rays for further analysis using AI algorithms.

Completing the list of startups on the Venture Scale programme is Bwala Africa. Bwala Africa is a last-mile order fulfilment network designed to connect fleet operators and large FMCG manufacturers with retailers, for a fast convenient, order-to-delivery end to end experience.

Speaking on the programme, Richard Friedland, CEO of the Netcare Group, says: “We’re excited about the selection of the first three healthtech startups, which will help stimulate healthcare innovation and development across the continent. By joining forces with FFA, we’re helping to create a support system for entrepreneurs, as well as providing value to people across Africa.”

The FFA model includes its Venture Scale programme focused on developing existing startups, whilst the Venture Build programme harnesses the power of technology to build completely new businesses solving mass needs on the African continent.

44 thoughts on “Standard Bank Partners Founders Factory Africa, Netcare , For Investment In 5 African Tech Startups

  • March 29, 2021 at 8:44 pm

    404168 485426I got what you mean , saved to my bookmarks , very good website . 813490

  • April 23, 2021 at 8:43 am

    173811 174500Greetings! Quick question thats completely off topic. Do you know how to make your site mobile friendly? My website looks weird when browsing from my apple iphone. Im trying to find a template or plugin that may possibly be able to correct this issue. If you have any suggestions, please share. With thanks! 414328

  • April 28, 2021 at 5:05 am

    Excellent goods from you, man. I have bear in mind your stuff prior to and
    you’re simply extremely fantastic. I really like what you have bought here, certainly
    like what you’re stating and the way in which by which you say it.
    You make it entertaining and you still take care of to keep it wise.
    I can’t wait to learn much more from you. This is really a tremendous site.

  • April 28, 2021 at 11:07 pm

    If you want to grow your knowledge only keep visiting this
    web page and be updated with the most up-to-date news update posted

  • April 29, 2021 at 11:06 am

    Right now it appears like Movable Type is the preferred blogging platform out there right now.
    (from what I’ve read) Is that what you’re using on your blog?

  • April 29, 2021 at 4:48 pm

    Howdy just wanted to give you a quick heads up and let
    you know a few of the pictures aren’t loading properly.

    I’m not sure why but I think its a linking issue.

    I’ve tried it in two different web browsers and both show the same outcome.

  • May 4, 2021 at 2:07 am

    I truly love your website.. Great colors & theme. Did you create this site yourself?

    Please reply back as I’m planning to create my own site and want to know where you got this
    from or what the theme is named. Many thanks!

  • May 4, 2021 at 7:48 am

    My programmer is trying to persuade me to move to
    .net from PHP. I have always disliked the idea because of the costs.
    But he’s tryiong none the less. I’ve been using WordPress on several websites
    for about a year and am concerned about switching
    to another platform. I have heard good things about
    Is there a way I can import all my wordpress posts into it?

    Any help would be really appreciated!

  • May 7, 2021 at 12:45 pm

    My family members all the time say that I am wasting my time here at web,
    but I know I am getting know-how everyday by reading such nice

  • May 8, 2021 at 9:52 am

    First off I would like to say awesome blog! I had a quick question which I’d like to ask
    if you don’t mind. I was curious to know how you center yourself and clear
    your head prior to writing. I have had a difficult time clearing my mind in getting my thoughts out there.
    I do enjoy writing but it just seems like the first 10 to 15 minutes are generally lost
    just trying to figure out how to begin. Any ideas or hints?
    Thank you!

  • May 9, 2021 at 10:46 am

    Nice post. I was checking continuously this
    blog and I’m impressed! Extremely helpful information specifically the last part 🙂 I care for
    such information a lot. I was seeking this certain information for a long time.
    Thank you and good luck.

  • May 15, 2021 at 2:14 pm

    Hey there just wanted to give you a quick heads up.

    The text in your post seem to be running off the screen in Internet explorer.
    I’m not sure if this is a format issue or something to do with web browser compatibility but I figured I’d post to let you know.
    The design look great though! Hope you get the problem fixed soon. Many thanks scoliosis

  • May 16, 2021 at 8:11 pm

    This is really interesting, You are a very skilled blogger.
    I’ve joined your feed and look forward to seeking more of your magnificent post.
    Also, I’ve shared your web site in my social networks!

  • May 19, 2021 at 8:06 am

    free dating sites
    Thanks for sharing your info. I really appreciate your efforts and I will be waiting for your further post thank you once again. dating sites

  • May 19, 2021 at 10:12 am

    I’m not sure exactly why but this blog is loading incredibly slow for me.
    Is anyone else having this issue or is it a problem
    on my end? I’ll check back later and see if the problem still exists.


  • May 21, 2021 at 1:23 pm

    I am genuinely pleased to glance at this web site posts
    which carries tons of helpful data, thanks for providing such information.

  • May 26, 2021 at 11:16 am

    I’m really enjoying the theme/design of your blog. Do you ever run into any
    internet browser compatibility problems? A handful of my blog
    readers have complained about my site not working correctly in Explorer
    but looks great in Chrome. Do you have any advice to help fix this

  • May 26, 2021 at 2:04 pm

    Ahaa, its good dialogue on the topic of this paragraph here
    at this website, I have read all that, so at this time me also commenting here.

  • May 29, 2021 at 7:12 pm

    Hi there every one, here every person is sharing these experience, thus it’s pleasant to read this web site, and I used to go to see this webpage

  • May 30, 2021 at 10:17 am

    Hi! I know this is sort of off-topic however I needed to ask.
    Does operating a well-established blog like yours require a massive amount work?
    I am brand new to blogging however I do write in my journal every day.
    I’d like to start a blog so I can share my experience and thoughts online.
    Please let me know if you have any recommendations or tips for brand
    new aspiring bloggers. Thankyou!

  • May 31, 2021 at 9:33 am

    Way cool! Some very valid points! I appreciate you writing this write-up plus the rest of the site is really good.

  • May 31, 2021 at 11:27 am

    Hello, I desire to subscribe for this blog to obtain most recent updates,
    therefore where can i do it please assist.

  • June 1, 2021 at 1:41 am

    It’s awesome designed for me to have a web page, which is helpful
    in favor of my knowledge. thanks admin

  • June 1, 2021 at 11:23 am

    Its like you read my mind! You appear to know so much about
    this, like you wrote the book in it or something. I think that
    you can do with some pics to drive the message home a
    bit, but instead of that, this is magnificent blog. A great read.
    I’ll certainly be back.

  • June 4, 2021 at 7:25 am

    321011 861250I notice there is certainly lots of spam on this weblog. Do you need aid cleaning them up? I may well aid between courses! 61894

  • June 24, 2021 at 6:53 pm

    332884 454542The planet are in fact secret by having temperate garden which are generally beautiful, rrncluding a jungle that is undoubtedly surely profligate featuring so many systems by way of example the game courses, golf approach and in addition private pools. Hotel reviews 5678

  • August 9, 2021 at 5:28 pm

    Wonderful goods from you, man. I’ve be aware your stuff
    prior to and you are simply too excellent. I actually like what you’ve
    received right here, really like what you’re stating and the best way wherein you say it.
    You’re making it entertaining and you continue to take care of to keep it smart.
    I can’t wait to read far more from you. That is actually a wonderful site.

  • August 10, 2021 at 11:11 pm

    I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do
    it for you? Plz respond as I’m looking to construct my own blog and would like to find
    out where u got this from. thank you

  • August 11, 2021 at 9:07 am

    Thank you, I’ve recently been searching for information about this topic for
    a while and yours is the best I have discovered so far.
    But, what about the conclusion? Are you positive in regards to the supply?

  • August 16, 2021 at 9:47 pm

    What’s up, after reading this amazing article i am too
    cheerful to share my knowledge here with mates.

  • August 17, 2021 at 11:32 am

    Today, while I was at work, my cousin stole my apple ipad and tested to see if it can survive a 40
    foot drop, just so she can be a youtube sensation. My apple ipad
    is now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with someone!

  • August 22, 2021 at 9:36 am

    Good day! I know this is kinda off topic however , I’d figured I’d ask.
    Would you be interested in exchanging links or maybe guest authoring a blog article or vice-versa?

    My site goes over a lot of the same topics as yours and I think we could
    greatly benefit from each other. If you might be interested
    feel free to send me an email. I look forward to hearing from you!
    Terrific blog by the way!

  • August 26, 2021 at 3:22 am

    Hey are using WordPress for your site platform? I’m new
    to the blog world but I’m trying to get started and
    create my own. Do you need any coding knowledge to make
    your own blog? Any help would be greatly appreciated!

  • August 31, 2021 at 9:07 am

    Excellent blog here! Additionally your website so much up fast!
    What host are you the use of? Can I am getting your associate hyperlink for your host?
    I want my web site loaded up as fast as yours lol

  • September 1, 2021 at 8:19 pm

    Hi! I’m at work browsing your blog from my new iphone 3gs!
    Just wanted to say I love reading through your blog
    and look forward to all your posts! Keep up the fantastic work!

  • September 4, 2021 at 2:58 am

    This is a topic that is near to my heart… Cheers!

    Exactly where are your contact details though?

  • September 12, 2021 at 11:01 am

    Write more, thats all I have to say. Literally, it seems as though you relied
    on the video to make your point. You clearly know what youre
    talking about, why throw away your intelligence on just posting videos to
    your blog when you could be giving us something informative to read?
    cheap flights cheap flights

  • September 13, 2021 at 7:54 pm

    Hi everyone, it’s my first pay a visit at this site, and article
    is in fact fruitful in support of me, keep up posting such articles.
    ps4 games ps4 games

Leave a Reply

Your email address will not be published.

%d bloggers like this: