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Standard Chartered and WomHub Partner to Launch Second Women in Tech Incubator

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Standard Chartered Bank and WomHub have announced the launch of the second Women in Tech (WiT) Incubator Programme in South Africa.
 
This initiative aims to empower more women entrepreneurs in the tech sector through education, mentorship, and investment opportunities.

The WiT Incubator Programme, originally launched in the Americas by Standard Chartered in 2014, has become a global force for fostering female leadership in STEM fields. 
 
The program prioritizes gender equality and ignites innovation by providing mentorship, training, networking opportunities, and access to funding and a supportive community.

“Promoting diversity and women’s leadership in tech is critical for economic growth and sparking innovation,” said Chris Egberink, CEO of Standard Chartered in South Africa.
 
“Our WiT Incubator Programme isn’t just a pledge; it’s a tangible effort to equip women entrepreneurs with the resources they need to flourish. Since 2014, we’ve witnessed the program’s transformative impact on countless businesses, and we’re committed to building on that legacy. By empowering these women to scale their ventures, we’re not only creating jobs but also fostering a more inclusive and innovative tech landscape.”

The intensive 12-week program kicks off in September 2024 and will welcome 15 high-potential startups selected through a rigorous process.
 
Participants will gain valuable practical training, receive guidance from industry leaders, and have the opportunity to connect with investors and potential partners.

The program culminates with five finalists receiving USD $10,000 each in non-dilutive seed funding to propel their growth further.
 
The success of the first cohort, featuring 15 startups with innovative ideas in fintech, healthtech, proptech, and edutainment, has generated significant anticipation for the second edition.

Pretty Kubyane, founder of eFama, one of three South African startups awarded ZAR 100,000 in equity-free funding from the inaugural program, shared her experience.
 
“Participating in the WiT Incubator Programme last year was transformative for eFama. The program equipped us with the tools and support to overcome major hurdles, like expanding our market reach and refining our business model. With expert guidance and a supportive community, we were able to connect farmers directly with buyers, ensuring they receive payment promptly. Today, eFama has experienced exponential growth – we’ve secured significant funding, created jobs, and empowered other women in the industry. This program wasn’t just helpful; it provided the foundation for our long-term success.”

For more information about the program, please visit SCWiT – WomHub or contact [email protected]

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