Merck Accelerator, Nairobi

Work with the pharmaceutical giant in this startup accelerator based in Nairobi for startups that target healthcare issues on the African continent. Apply and you might receive up to $30,000 USD, plus mentoring from industry experts, free coworking space, and lots of other perks.

Applications for the Spring 2018 session are open from September 5, 2017 to November 13, 2017. Follow Lootstrap on Facebook for updates!

Award Amount

  • Up to $30,000 USD

Location

  • Metta, Nairobi, Kenya

Length

  • 3 months

Additional Benefits

  • Free housing and coworking space
  • Support from senior mentors, entrepreneurs, and experts in the healthcare industry
  • A global network of over 50,000 experts in 67 countries to assist you in the startup
  • Regular coaching, workshops, and meetings
  • Digital link to the Innovation Center curriculum at the Merck Accelerator, Darmstadt
  • Demo Day to pitch to Merck’s network of investors

Who Can Apply

  • Early-stage startups less than 3 years old with no significant revenue yet
  • At least one co-founder
  • An innovative healthtech idea that addresses the big healthcare issues in Africa
    • International startups welcome as long as they target African healthcare issues
  • Preference given to digital healthcare solutions in the following areas:
    • Healthcare, life science, and performance materials

Selection Criteria

  • Prefer startups with plans for international scope of business

Application Process

  • Written application
  • A list of the selected applicants will be disclosed

Conditions

  • Applicant and the team should participate in the program with full involvement
  • Sessions with the mentors must not be missed
  • Winning startups will enter into a project-based agreement with Merck

Post-Program Perks

  • Selected startup will be sent to Silicon Valley for an additional month’s acceleration
  • Continued mentoring and follow-up financing may also be available
  • Alumni become eligible to attend meetups such as:
    • Innovators Club, the Gründerstammtisch, or the Innovation Summit in Dubai

Website

As always, this program takes ZERO equity!