Andela announces it will Invest in its Graduates’ Startups

Andela announces it will Invest in its Graduates’ Startups

While speaking at the talent accelerator, TechCrunch Disrupt SF, Andela co-founder and COO, Christina Sass said, going forward startups founded by its graduates will be supported. Andela will start investing in startups founded by its graduates.

Previously, successful graduates, having passed through the 4-years-long training, had to go work with other companies, get hired by Andela or go on their path to their companies. Andela now thinks it is best to invest in their graduates’ startups and help them in starting their companies get traction in the market. A plan that will boost Africa tech scene as far as startup tech companies’ growth is concerned.

We fully expect a subset of [Andela developers] to be launching their own companies, and we intend to help them incubate and invest in them,” said Sass. “The long-term goal is that, after those four years, for them to be unleashed, to really spread and lead the spread of technology across the continent.”

For a company founded by Iyinoluwa Aboyeji back in 2014, Andela is taking in some novice and beginner programmers and transforming them into top notch African developers. Andela’s graduates and students sometimes are hired by big-time companies whether remotely or on-site on the tech-related projects. That goes a long way with regards to gaining practical experience for Andela’s graduates.

Andela’s goal is to bridge the talent gap by investing in Africa’s brightest and promising youths. Going further to invest in the startups they create post-Andela goes a long way in improving the continent’s standing is far as tech solutions providers goes. For a long time, Africa has been on the consumption end of technology.

However, that has been changing over the recent years; as homegrown talents are nurtured and supported to come up with their own tech solutions. Solutions addressing the socio-economic challenges affecting their community.

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