Merck recently launched an accelerator program in Kenya; a few month ago to be specific. It now announces that it has availed its equity-free accelerator program to all Kenyan startups dealing with digital healthcare services. The accelerator program will officially kick off in April 2016.
The acceleration program will take up three Kenyan startups that have successfully passed the selection process. They will be taken through a three-month acceleration program with each startup being given a $15,000 financial support. Additionally, there will be some mentorship and coaching programs from Merck’s global network of experts.
Head of Merck Innovation Center, Michael Gamber, said, “Africa is one of the most promising and dynamic digital markets with an innovative startup culture. With our Accelerator program, we aim to become part of it.”
The acceleration program will take place at the Merck Accelerator offices at the Nairobi Garage. It will also have a strong connection with the German Accelerator program. The program will also open up to Nairobi startups wishing to take part in its virtual lectures conducted both from Nairobi and Germany.
Gamber said, “We have no short-term interest in revenue with our accelerator. First of all, we want to develop ideas together with founders. We aim to build long-term partnerships with a benefit for both the startups and Merck as an established company.”
Interested startups wishing to take part in the Merck acceleration program can apply at this link.