- In an interview, Gullit VC says it believes investing in African startups can help drive economic growth, create jobs, and solve some of the continent's most pressing challenges.
- They're doing this by providing free overhead space, administrative services, mentorship, legal services, debt acquisition, financial services, and world-class office space to help startups grow and thrive.
Innovation and creativity are on the rise in Africa's startup scene, as entrepreneurs and startups tackle local challenges with innovative solutions across a range of sectors, including Fintech, healthcare, and Edtech.
With a young and tech-savvy population, growing technology adoption, and the availability of funding, these creative minds are driving economic growth and job creation, making it an exciting world of adventure where innovative ideas meet boundless enthusiasm.
The emergence of venture capital firms like Gullit VC, who are pushing for change and supporting the next big thing is boosting the continent’s startup ecosystem.
In an interview, Gullit VC says it believes investing in African startups can help drive economic growth, create jobs, and solve some of the continent's most pressing challenges.
They're doing this by providing free overhead space, administrative services, mentorship, legal services, debt acquisition, financial services, and world-class office space to help startups grow and thrive.
"Gullit, for the past few years, has provided us with mentorship, advice, and exposure," Mikiyas Amdu, KBI's spokesperson, said.
"We are looking forward to the next growth stage for our company in terms of making more revenue. With Gullit, we feel like we’re in this unique space where we can grow exponentially by working together and utilizing the services and coaching their teams provide."
The VC says it has provided critical support for numerous early-stage startups, such as WellaHealth, BuuPass, Qene Games, and Gebeya, enabling them to attain groundbreaking achievements.
The latest development is Gullit's new office in Addis Ababa, which offers an accelerator program for African startups.
This initiative demonstrates Gullit's commitment to nurturing and supporting emerging businesses across the continent.
Gullit has launched a new office in Addis Ababa featuring a state-of-the-art accelerator program for startups.
With access to free legal and financial services, as well as a 300-meter co-working space, the office is fully equipped with cutting-edge amenities including Coding pods, Game areas, a Cafeteria, an Outdoor Garden workspace, two conference rooms, and a Yoga room.
This exceptional workspace is designed to optimize productivity and enable startups to thrive.
In addition, Gullit has designated two offices for selected startups.
The current tenants include G-Media, a dynamic Branding & Advertising agency with a small animation studio, and KBI, a software development company focused on Business Intelligence in Africa.
G-Media, the media arm of Gebeya, (a Pan-African talent marketplace), is a branding and advertising agency that offers exceptional services to a wide range of local and international clients. They feature an animation studio that showcases African folklore in an original and authentic way.
G-Media’s campaigns for Ethio Telecom’s new super-app and Ethiopian Airlines’ mobile app have successfully driven engagement.
In collaboration with Carry1st, G-Media is developing digital marketing content for African games to be introduced and published globally.
KBI, on the other hand, is the US entity of ETM Software, an Ethiopian software development firm that is focused on building business intelligence software using Generative AI to help corporations and Non-Governmental Organizations analyze, understand, and visualize their big data.
Currently, KBI is working closely with the UNHCR to develop its refugee tracking software (Compliance and Service Request System), which it has deployed in East Africa.
Gullit VC's unwavering dedication to advancing innovation and entrepreneurship in Africa is demonstrated through its recent partnerships.
The 18-month accelerator program is just one of the ways in which the company is committed to supporting startups.
Following the program, startups will be given the option to continue their membership with a nominal fee.