The 2020 cohort will cover Kenya and Uganda. In the future, we hope to expand to other countries in Africa as well.
For the 2020 cohort, ATMA has budgeted $25000 as prize money. An independent committee established by ATMA shall reserve the right to determine the winners. Details of the amount and the process will be announced in due course.
There are four stages that define the selection.
Step 1 will aim to select only startups whose application is complete and are relevant to mobility.
Step 2 will be about eligibility.
Step 3 will be about validation.
Step 4 will be about expectation management and establishing the fit between the startup and the accelerator.
ATMA does not give direct funding to startups. The program will, however, cover costs associated with air travel, accommodation, and upkeep during startup immersion sessions that will take place in Nairobi and Kampala. In addition, on a case by case basis, ATMA will consider and provide in-kind support on things like services for startup website enhancement, graphic design, marketing campaigns etc.
In the course of the entire program, a resource person will be engaged to reach out and build a pool of investors who would be interested in mobility startups. These are the investors who will be invited to the demo session that will be part of the Mobility Summit in December.
The ATMA2020 will run from the beginning of July to end of December, a total of six months.