MEST is an African technology hub headquartered in Ghana and it is primarily funded by Meltwater Foundation founded by Norwegian philanthropist Jom Lyseggen. MEST was founded in 2008 as an incubator hub for training and funding early-stage startups in Africa. For now, it has incubation hubs in Nigeria, Ghana, South Africa and Kenya with intentions of expanding to Cote d’Ivoire.
MEST takes equity in its startup’s portfolio and they have incubation support from the tech hub for 18 months as well as an option to work out of its incubators across different African locations. MEST is looking to go beyond seed-stage investments to form a VC fund for series stage rounds to African startup.
Furthermore, the recipients of the seed fund are from Ghana, South Africa. Nigeria and Kenya. These startups cover a wide range of sectors from entertainment, fin-tech, agriculture to beauty services. Here are the startups that graduated from MEST’s incubator program with $100, 000 seed fund:
Zuri is a Nigerian startup that specializes in providing a platform for users to find and book beauty services.
An entertainment platform for connecting verified music studios to producers. Also, producers will be able to have a profile for artists to find them and manage bookings.
It is a mobile money and ticketing service based in Kenya for increasing data collection and digital sales.
A Ghanian startup centered on creating a conversation about black skin and black skincare through harnessing the power of community and technology.
A startup from Kenya that offers an automated personalized healthcare companion that will offer quick medical attention and prescription.
A South African startup that will create a platform for local retailers to order products at the best price and receive delivery in their stores.
This is a web and USSD platform to create a direct connection between farmers and businesses launching in Kenya.
Niqao is a startup that connects merchants and lenders together with the aim of offering goods to customers for installmental payment.
It is a Nigerian startup that specializes in crowd-sourcing funds for the development of buildings using time -saving and cost-efficient techniques.
A social support and healthcare network for Women in Ghana.
A digital savings platform for traditional savings groups, launching in Ghana.