MassChallenge
MassChallenge is a non-equity startup accelerator headquartered in Boston, Massachusetts, with additional locations in Israel, Mexico, Switzerland, Texas, and the UK. Founded in 2009, it focuses on fostering innovation and entrepreneurship by supporting high-potential startups across various industries globally. MassChallenge provides expert mentorship, a tailored curriculum, and access to corporate partners without taking any equity from the startups. Its programs, including specialized initiatives like MassChallenge FinTech and MassChallenge HealthTech, aim to facilitate partnerships between startups and established companies to drive innovation and growth. To date, MassChallenge has helped over 1,200 alumni raise more than $2 billion in funding and create over 65,000 jobs, demonstrating its significant impact on the global innovation ecosystem.
Non Equity Assistance in 2021
Codeln is a technical recruitment platform established in 2017 and headquartered in Ghana. The company focuses on streamlining the hiring process for software developers by automating recruitment and validating candidates' coding skills. Codeln offers services such as talent sourcing, where it connects companies with pre-vetted developers through an online marketplace, and screening, which involves assessing candidates via project-based tests in an integrated development environment. This thorough verification process ensures that only skilled individuals are recommended to companies, minimizing the risk of bad hires and enhancing productivity. By simplifying and accelerating the recruitment of tech talent, Codeln positions itself as a valuable resource for organizations seeking qualified software engineers in Africa.
Non Equity Assistance in 2021
Edusko is a web-based education platform designed to assist parents in sub-Saharan Africa in finding and enrolling their children in quality schools. The platform offers comprehensive information about various educational institutions, including details on tuition costs and available financial aid options. By enabling parents to compare schools and make informed choices, Edusko aims to facilitate access to quality education in a more efficient and affordable manner. Through its services, the platform seeks to empower parents to make better decisions regarding their children's educational needs.
Non Equity Assistance in 2021
Onye is a health technology company focused on building solutions that power and add value to both patients and healthcare providers. The company's product is a mobile-first web-based electronic health record system for healthcare providers to improve their clinical and administrative workflows.
Non Equity Assistance in 2021
Zowasel is helping growers and agribusinesses solve the two deepest pain points in the agricultural industry: access to immediate working capital financing and market within 24 hours. Our solution is at the convergence of tech, finance, and agriculture. Launched at the Founder Institute Lagos, we’re raising funds to create Africa's first online commodity trading platform for grains and cash crops, we have built an alternative financial solution for growers and agribusinesses to grow their trade and improve their livelihoods. The Founder Institute portfolio company uses blockchain to secure an end-to-end transparent pricing and AI to significantly speed up loan process under 24hrs at a reduced rates, against banks that takes months to process loans. In return, Zowasel receives a commission of 5% for commodities sold on its platform and charges an interest rate of 5% on working capital loans disbursed.
Non Equity Assistance in 2021
Pricepally operates an e-commerce platform focused on food and grocery shopping, founded in 2019 and based in Lagos, Nigeria. The platform aims to provide access to affordable, nutritious, and secure food items in urban areas across Africa. Pricepally functions as a digital food cooperative, allowing consumers to connect directly with local farmers, wholesalers, and producers. It enables users to buy food in bulk or share bulk purchases with others, leveraging collective bargaining power to reduce costs. The online store offers a wide range of products, including groceries, baby products, packaged food, and various ingredients, ensuring that customers have access to fresh and high-quality food items.
Non Equity Assistance in 2018
BASF is a global chemical company headquartered in Ludwigshafen, Germany, operating through six primary segments: chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. The company produces a diverse range of products, including basic chemicals, engineering plastics, and specialty materials for various industries such as automotive, construction, and pharmaceuticals. In addition to its core activities, BASF New Business GmbH actively seeks to identify and explore new industrial opportunities, focusing on innovative solutions in chemistry and sustainability. BASF Venture Capital GmbH, the company's investment arm, invests in startups and venture capital funds that align with BASF's strategic interests, emphasizing advanced materials and digitalization, among other fields. The company also has a subsidiary, BASF West Africa Limited, which manufactures construction chemicals in Nigeria. With a commitment to innovation and sustainability, BASF aims to address significant challenges faced by customers in both existing and emerging markets.
Non Equity Assistance in 2018
They are on first name basis with many of the world’s largest auto parts manufacturers and they will go to great lengths to make sure that you find exactly what you need on their site. Their range of services are designed to ensure optimum levels of convenience and customer satisfaction with the retail process; these services include their low price guarantee, free return policy, order delivery, dedicated customer service support and many other premium services.
OffGridBox is a company that delivers renewable energy and clean water solutions in remote and underserved regions. The OffGridBox™ is a compact, all-in-one system housed within a shipping container measuring 6x6x6 feet, designed to produce electricity and purify water using solar energy. This innovative technology aims to address the needs of over 2 billion people globally who lack access to reliable energy and safe drinking water. Each unit can significantly impact local communities; for example, a single unit operated by a women’s cooperative in Rwanda can serve up to 300 families, providing essential electricity and sterilized water. OffGridBox has deployed 38 units across nine countries, including Italy, South Africa, Rwanda, Nigeria, the Philippines, Madagascar, the United States, and Colombia, catering to various sectors such as humanitarian aid, household retail, and industry services. These units have collectively operated for over 400,000 hours, promoting sustainable living and improving the quality of life in the areas they serve.
mDoc is a digital health company focused on enhancing care for individuals with chronic conditions in Nigeria. By employing a high-tech, high-touch approach, mDoc integrates behavioral science, quality improvement methodologies, data, and technology to create a comprehensive care solution. Their self-care support platform connects users to healthcare providers and features a health information directory, enabling individuals to track their health data and effectively manage their chronic conditions. This approach aims to optimize the overall healthcare experience for those with ongoing health needs.
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