Standard Chartered and WomHub Collaborate Again to Empower Women Entrepreneurs through Tech Incubator in South Africa

Standard Chartered has teamed up with WomHub to launch the second Women in Tech (WiT) Incubator Programme in South Africa, building on the success of its inaugural 2023 edition. The initiative aims to support women entrepreneurs by offering education, mentorship, and investment opportunities.

First introduced in the Americas in 2014, the WiT Incubator Programme has expanded over the past decade, empowering female entrepreneurs across Africa, particularly in the STEM fields. The programme’s core mission is to promote gender equality and innovation by providing mentorship, education, networking, funding, and community support.

Chris Egberink, CEO of Standard Chartered in South Africa, emphasized the importance of gender diversity in technology, stating, "Our Women in Tech Incubator Programme is not just a commitment—it’s a real effort to empower women entrepreneurs with the resources, support and opportunities they need to thrive. Since 2014, we have witnessed the remarkable impact this programme has had on thousands of businesses, and we’re committed to continuing this legacy. By helping these women grow their enterprises, we’re not just creating jobs, but also contributing to a more inclusive and innovative tech industry."

The upcoming 12-week programme, starting in September 2024, will welcome 15 selected startups, chosen through a rigorous process to identify those with the potential to scale. Participants will receive practical training, mentorship from industry leaders, and opportunities to connect with investors and partners. The programme will conclude with five finalists each receiving USD 10,000 in non-dilutive seed funding to accelerate their growth.

The success of the first cohort, which showcased innovative ideas in fintech, healthtech, propertytech, and edutainment, has generated significant anticipation for the second edition.

Source: Africa.com