AlphaCode awards R2.5 million and support to tech start-ups founded during the pandemic. start-ups SME innovation
AlphaCode’s annual incubation programme has awarded five local tech start-ups grant funding to the value of R2.5 million.
Only eight were selected to participate in the initial three-month programme that provided guidance from performance coaches and a panel of advisory experts, access to AlphaCode’s co-working space, and opportunities to apply for further early-stage investment. Says Amina Patterson, head of operations at AlphaCode: “What was remarkable about this cohort is that there are seven female founders across the eight start-ups, several of whom have run successful businesses prior to these start-ups, which we know makes for more successful entrepreneurs. Women are grossly underrepresented in the start-up ecosystem globally.
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