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COVID-19: World Bank, UN supports African Startup Ecosystem to economy

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The URBUNX Demo Day that occurred on 19th Nov was a culmination of a full month of acceleration for 12 startups from across Africa that formed part of URBUNX Basecamp first cohort.

The URBUNX Initiative is an Africa focused acceleration platform that enables mentoring and training to startups on various aspects of building and scaling your business provided by top notch global entrepreneurs and experts who have built global businesses successfully.

The Demo Day was coordinated by URBUNX Initiative with the support of funding partners UN-Habitat and the World Bank Group, and with the support of ecosystem partner XNode.

The event provided the opportunity and platform for the startups to demonstrate their solutions to the array of investment and ecosystem partners in attendance.

In addition to the 12 startups, Basecamp mentors and entrepreneurs in residence in attendance, the event was also attended by key funding partners from not only the World Bank and UN-Habitat, but other investment firms interested in connecting and initiating discussions with the startups.

Furthermore, the Demo Day enabled the participation of new ecosystem partners looking to grow the URBUNX Initiative in consecutive programs

The overall impact of the Basecamp program filtered 600+ startups from 18 African countries and selected only 12 high performing startups and put them through 24+ hours of one on one coaching, 44+ hours of mentor meetings, 5 workshop sessions, and 4 community events that have in the end enabled the startups to better raise revenue and connect to larger ecosystem partners in order to take their businesses to the next level.

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