The World Bank has chosen the 20 startups that will take part in its XL Africa accelerator programme, which offers participants help in securing up to US$1.5 million in early stage capital.
Disrupt Africa reported earlier this year on the launch of XL Africa, which will offer startups access to a tailormade curriculum and the chance to receive mentoring from global and local experts. It is supported by a number of African investment groups.
After more than 900 applications were received, the programme organisers have now selected the 20 African tech startups that will take part in the programme. Over the next four months, they will go through virtual mentorship before attending a two-week residency in Cape Town.