Techstars Toronto, a leading startup accelerator is still accepting applications from developers seeking support and funding to fuel their innovative projects. However, the application process which officially opened on 12th September, will be closed on 29th November 2023.
Successful applicants stand a chance to secure over $120,000 in funding and gain invaluable mentorship from Techstars Toronto’s Managing Director and co-founders. This opportunity extends beyond financial support, providing developers with the unique chance to collaborate, learn, and grow under the guidance of industry experts.
Recipients of Techstars’ support, such as Adewale Yusuf, a renowned tech enthusiast who is also the co-founder of TalentQL have lauded the program for its transformative impact on their ventures. The Techstars experience goes beyond mere funding, fostering a community where innovation thrives.
Don’t miss out on the chance to propel your tech venture to new heights. Apply to Techstars Toronto before the application window closes on November 28th, 2023.
For more information and to submit your application, visit [Techstars Toronto’s Application Page].
Techstars Toronto in recent time
Techstars Toronto, a renowned accelerator program, unveiled its impressive 2023 summer cohort in September. The cohort featured ten promising African startups among 24 companies selected. This edition was designed to celebrate a significant milestone in the accelerator’s history with its 100th direct investment, signalling its pivotal role in advancing not only the tech ecosystem of Canada but also those of emerging markets across the globe.
The startups from various African countries bring diverse solutions to the global stage, addressing pressing challenges and opportunities across multiple industries. The startups involved in the summer cohort include CatalyzU (South Africa), MPOST (Kenya), Seso (Ghana), Ladder (Ghana), Payfi (Nigeria), Cutstruct (Nigeria), Chimoney (Nigeria), Reeple.ai (Nigeria), Oval (Nigeria), and Hulugram (Ethiopia).
This selection underscored Techstars’ continuous commitment to fostering innovation and entrepreneurship on the African continent and its recognition of the region’s burgeoning tech talents.
Sunil Sharma, Managing Director of Techstars Toronto, expressed the program’s dedication to nurturing innovation and entrepreneurship. With an acceptance rate of just 1-2% amid a multitude of applicants, Techstars Toronto is playing a critical role in shaping the Canadian and global tech landscape.
Read More: Techstars Toronto hosts Demo Day Watch party for Winter 2022 cohort in Lagos
Portfolios of the startups
- Payfi (Nigeria): Helping International Students Access Affordable Housing.
- Chimoney (Nigeria): A fintech startup that allows users to seamlessly send money globally via Emails, Phones, or Twitter, and easily cash out through Banks, Mobile Wallets, Crypto, Gift Cards, and more.
- Reeple.ai (Nigeria): Helping African immigrants in the Diaspora access seamless financial services.
- Cutstruct (Nigeria): A building material marketplace, driving efficiency and transparency in construction.
- Oval (Nigeria): Finance OS for growing businesses.
- Hulugram (Ethiopia): Enabling social engagement for over 30 million internet users in Ethiopia via a chat-based platform.
- Ladder (Ghana): AI-powered wealth management for people and businesses providing personalized financial advisory and accountancy services.
- Seso (Ghana): Leveraging advanced technology and deep industry knowledge, Seso Global introduces trust and transparency to the African Real Estate market.
- MPOST (Kenya): MPost empowers individuals in the developing world with virtual addresses, by using mobile numbers as official addresses for KYC, insurance, banking, and eCommerce, thereby building a digital infrastructure for seamless access and exchange.
- CatalyzU (South Africa): CatalyzU vets, trains, & places Africa’s leading talent at global startups.
Techstars runs over 40 accelerators globally, including the recently launched Lagos-based outpost. Available data on the Techstars startup directory shows that aside from the Techstars Barclays Accelerator (that was held in Cape Town), more African startups are accepted into Techstars Toronto and New York.
Techstars’ accelerators, including its Toronto outpost, have invested in about 76 African companies, according to BD Funding Tracker and Techstars Directory.
Read More: 10 African startups selected for Techstars Toronto’s 2023 summer cohort
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