Innovation

Innovation at 88mph

Danish entrepreneur Kresten Buch founded 88mph to back startups playing in the mobile technology space. Since Europe is unfertile ground for such initiatives, he chose Africa.

01 August 2013

Startup ventures looking for a cash injection, an incubation garage to work in and some heavy-hitting mentors can soon apply for selection.

They’ll be following the path laid by 23 companies currently being incubated by 88mph, a venture capital group active in Cape Town and Nairobi. But getting selected won’t be easy. The first call for applicants in South Africa drew 400 business hopefuls, of which only ten were chosen.

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