“If you put your mind to it, you can accomplish anything”, great advice but the minimum investment of $200,000 for startups at 88mph, the Kenyan accelerator program, will also go a long way to achieving a few business aspirations.
By September 15th, 88mph hopes to invest those dollars in 8-15 startups. The seed investment fund is betting on mobile web markets in Africa and the doors opened today for people with good ideas to apply.
Last year the accelerator invested $180,000 in 7 Kenyan startups. It will now run an intense 3 month program to work with businesses that can scale across English-speaking Africa. That’s a population size larger than the United States with around half under 25 years old, so it’s also an area ripe for new businesses to flourish.