Innovative tech scaleups to receive Capital, Capacity and Community to become African multi-national corporations through the COSSA program.
Two Rivers International Finance and Innovation Centre SEZ (TRIFIC SEZ), ONESPACE and Chanzo Capital, a venture and growth capital firm dedicated to investing in high-tech startups and scaleups, have launched the Chanzo ONESPACE Startup and Scaleup Accelerator (COSSA).
The COSSA program will initially focus on tech ventures that are ready to scaleup from their country of origin into new markets. COSSA leverages the strategic incentives, one stop-shop and enabling environment created by TRIFIC SEZ, the high-end office space and admin services delivered by ONESPACE as well as the capital provided by Chanzo Capital through our KINGS (Kenya, Ivory Coast, Nigeria, Ghana and South Africa) fund. In addition to the Capital, the Accelerator will provide Capacity building for the cohort and connect them to the business Community of the countries they are launching into.
The COSSA program is a partnership between three leading African institutions crafting an African solution to the challenges that businesses from one country face when they want to expand into other countries in Africa. The program leverages the tailwind of the African Continental Free Trade Area (AfCFTA) to create African multi-national corporations.
Chanzo Capital will host the eleventh edition of its annual Angel Fair Africa in Nairobi, Kenya from November 7th to 8th, 2024. On completion of the COSSA program, these scaleups would pitch to more investors. The first cohort of COSSA includes the following companies: SaveApp, At Large Innovation (ThryvCapital Partners LLP) and CheckUPS COVA who are all from Kenya and looking to expand outside.
“We’re delighted to welcome Chanzo Capital to TRIFIC SEZ, this is a great addition to our portfolio of companies that will go a long way into making us the Special Economic Zone of choice for high tech firms,” said Brenda Mbathi, the TRIFIC SEZ Chief Executive Officer.
According to Ian Kabiru, CEO of ONESPACE, “we have been home to multiple African and international businesses, so our team has the know-how and networks to support the COSSA cohort and enable them to focus on their core business.”
“Programs such as COSSA are the reason we created the Innovation Hub at TRIFIC SEZ “ said Dr. James Mworia, CEO of Centum who is also the keynote speaker for the eleventh Angel Fair Africa.
“The COSSA program will create African tech multinational companies by allowing them to trade globally” said Cabinet Secretary for Investment, Trade and Industry, Hon. Rebecca Miano EGH, as she launched the program.
About TRIFIC SEZ
Two Rivers International Finance and Innovation Centre Special Economic Zone (TRIFIC SEZ) is dedicated to enhancing trade, attracting investment, creating jobs, and contributing to economic development. With state-of-the-art infrastructure, strategic incentives, and a dedicated One Stop Shop for administrative support, TRIFIC SEZ offers an attractive environment for both domestic and foreign investors.
Contact: [email protected]
About ONESPACE
ONESPACE is a world class, flexible and innovative work and convening space. It offers businesses the lowest cost access to the TRIFIC SEZ. More@ www.onespacesez.africa/
ONESPACE is a division of Horizons Offices, a Pan African flexible office operator with facilities in Kenya and Ghana, with ongoing plans for expansion into South Africa. More@ www.horizonsoffices.com Contact [email protected]
About Chanzo Capital
Chanzo Capital is an Africa focused tech VC firm, investing Capital, Capacity and Community into category defining Africa tech ventures through their KINGS (Kenya, Ivory Coast, Nigeria, Ghana and South Africa) Funds. More @ www.chanzocapital.com; contact – [email protected]
About Angel Fair Africa
Angel Fair Africa is an event that brings together accelerators, incubators and emerging businesses from across the African continent and investors to do deals. More @ www.angelfairafrica.com; contact – [email protected]
