iCog Labs Software Consultancy, in partnership with Kudu Ventures, has launched a programme that will work toward assisting and accelerating tech startup ventures. The first programme, which will be started in September 2019, will take a year and a half and aim to work with 18 startups. Five of the startup ventures will get three months of training, after which follow-up activities will be carried out. Getnet Aseffa, CEO of iCog Labs, and Noel Daniel, co-founder and managing partner of Kudu Ventures, signed the agreement at the end of last week. Kudu Ventures allocated 100 million Br for startups, of which five million Birr will go to iCog Labs to support this year’s acceleration program. iCog will provide technical and operational support, while the Ministry of Innovation & Technology will provide an incubation centre, according to Betelhem Dessie, project manager of iCog. “The selection process will target university students with the highest scores and individuals with innovative ideas,” said Betelhem. Once the startups start making profits, they will be sharing 20pc of the profit with iCog and Kudu.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 6 , 2021
Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
