Rwandan startups invited to apply for insurtech incubator

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Rwandan startups have been invited to apply for the ZEP-RE InsurTech Programme, which will support scalable startups in creating new markets and optimising efficiency.

The first insurtech incubator in Rwanda, organised by the PTA Reinsurance Company (ZEP-RE) in partnership with Westerwelle Startup Haus, will select 25 startups for an Insurtech Hackathon next month, after which it will select five teams to join a six-month incubation programme. 

Three out of five teams will receive cash prizes up US$15,000 at the end of the programme, while the ZEP-RE investment team will evaluate all startups for potential seed investment and further  support to scale in the COMESA region. 

Other benefits include access to industry experts and mentors; networking opportunities with potential investors, partners and corporate customers; free workspace and resources to help startups scale; and the opportunity to scale into the new and untapped industry of insurtech.

Startups should have a multidisciplinary team with demonstrated experience in their field; an interest and commitment to pivot to the insurance industry; and an existing product or service that can potentially be used in the insurance industry. The programme is particularly interested in startups in fintech, agri-tech, e-health, legal-tech, climate-tech and blockchain-enabled solutions.

Applications are open here until March 15.

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Passionate about the vibrant tech startups scene in Africa, Tom can usually be found sniffing out the continent's most exciting new companies and entrepreneurs, funding rounds and any other developments within the growing ecosystem.

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