To begin, the AMI will start off with taking on eight startups, with priority falling on Kenya and Uganda. The eight startups will be given a grant of $25,000 which they will receive at this year's Africa Transformative Mobility Summit. Applications for this initiative close at the end of the month.
The program is looking to admit transformative, practical, deeply research and tested solutions to urban mobility challenges in cities around the continent.
The acceleration period, which will last six months, will offer the chosen startups benefits in a number of ways outside of just the initial grant money. They will be offered four immersion trips in East Africa (Keny and Uganda, to start), as well as coaching and mentoring, networking with stakeholders and invitations to business support seminars.
Investors will also be present at the summit to hear our further initiatives each selected startup looks to implement.
So far, there is no news as to whether the global Coronavirus pandemic will interfere with this program.