Start-Ups

ALPHACODE Incubate, established to identify, partner with and grow innovative entrepreneurs in financial services and related industries, this week said if one had a fantastic early-stage fintech or related sector start-up or even a brilliant idea, applications for next year’s programme were now open.

Innovative business concepts led by strong entrepreneurial teams could apply before October 31 for the next programme, which starts on January 17. (Apply at www.alphacode.club/incubate.)

They could benefit from a R1.5 million entrepreneurial package, the firm said.

The Incubate programme has disbursed R33.5m in funding to 41 blackowned financial services businesses over the past six years. The programme offers funding, guidance from experienced mentors and a panel of advisory experts as well as access to Alpha-Code’s coworking space, the firm said.

“Despite the psychological, financial and health challenges of the pandemic, there has been incredible camaraderie and traction achieved among the selected start-ups,” said Amina Patterson, head of incubation at AlphaCode.

AlphaCode said that among the success metrics from the 10 businesses that participated in 2021 was 55.7 percent revenue growth. | Staff Reporter