Deadline: February 13, 2025
Are you an innovative entrepreneur building groundbreaking solutions for the mining sector in Africa? Are you using technology such as data visualisation, drone applications with particular focus on waste treatment, efficient mineral recovery methods, and data interpretation, or other mining innovations that enhance operational efficiency, safety and sustainability? Apply now to join the timbuktoo MineTech Accelerator Programme, designed to empower startups to scale and succeed across Africa.
The MineTech Accelerator Programme seeks to achieve the following key objectives:
- Promote Innovation: Develop cutting-edge technologies that enhance mining operations.
- Support and Scale Startups: Accelerate the growth and investment readiness of emerging ventures in mining technology.
- Enhance Capacity: Equip entrepreneurs with essential skills through targeted workshops and mentorship.
- Foster Collaboration: Build partnerships among industry leaders, investors, regulators, and academia.
- Drive Economic Growth: Contribute to regional socio-economic development through technology-driven advancements.
Benefits
- The selected startups will receive access to mentorship, funding, and link to global networks, enabling them to scale and implement cutting-edge solutions that address critical challenges in the sector. For the second phase of the programme, the selected start-ups will each receive $25,000 in equity-free funding, enabling them to refine their solutions and scale their businesses.
Eligibility
Applicants must meet the following criteria:
- Startups with founders who are nationals of an African country and domiciled in Africa.
- Startups must be registered and operating within Africa.
- Startups must address mining industry challenges.
- Startups at the pre-seed stage are welcome to apply, but those with an MVP (seed) are encouraged to do so.
- Start-ups led by women, persons with disabilities (PWDs) or other marginalized groups are encouraged to apply.
Evaluation Criteria
- Innovative Potential (20%): Assesses originality and technical feasibility.
- Market Fit (20%): Evaluates relevance to mining challenges and target market validation.
- Sustainability and Impact (15%): Measures environmental, social, and economic contributions.
- Team Capability (25%): Focuses on expertise, problem-solving, and program commitment.
- Scalability and Viability (10%): Looks at growth potential and clarity in revenue or fundraising strategy.
- Alignment with Goals (5%): Ensures alignment with programme objectives of innovation and sustainability.
- Presentation (5%): Evaluates clarity and communication of vision and solution.
Application
For more information, visit UNDP Timbuktoo MineTech Acceleration.
