The Hatchery, a novel incubator for start-up businesses, has launched a Cape Town office to extend its work in finding and supporting innovative entrepreneurs on the African continent.
The newly launched Cape Town office will oversee innovative cleantech projects. Project founders will enjoy the benefits of the incubator’s unique approach to supporting entrepreneurs that includes flexible timelines and budgets, and advisory support with a host of project-related tasks.
“We release founders from the time-consuming tasks of raising funds and running a business because these often aren’t their core skills”, says Jon BÃ¸hmer, The Hatchery’s Norwegian investor. “We want them to have enough time to focus on their creative innovation because that’s the lifeblood of their business.”
More details are available at https://www.hatchery.no
The company has announced the launch of its Cape Town office to raise awareness of opportunities for African entrepreneurs in cleantech fields.
As Africa’s “tech capital,” Cape Town is the ideal location for a cleantech incubator like Hatchery. In 2020, the city’s tech start-ups received $88 million in investments. Cape Town is also home to the majority of South Africa’s venture capital firms and developers, and its universities offer some of the best training in digital skills.
The new office supports 5 cleantech projects. The Pulse project provides smart utility metering in developing economies. SwiftPower is a technology solution to upgrade utility meters. Oasis is a blockchain exchange funding small-scale solar projects in Africa. PushMoney is a platform supporting mobile orders and transactions. Lastly, Pawa is a platform providing free solar energy to impoverished communities.
As an incubator of cleantech start-ups, Hatchery is invested in technologies that increase productivity or profitability while reducing resource consumption or pollution. For example, the Cape Town office’s Pulse project uses IoT sensors to meter energy and water. The Oasis project funds solar projects with the hyper-security of the blockchain and uses automation to reduce overhead costs.
Jon BÃ¸hmer, is a serial entrepreneur with expertise in cleantech and multimedia and 30 years of international experience. He launched the incubator to utilize his expertise in serving multiple companies at the same time. The idea of an incubator, or hatchery, particularly resonated with him, since he had grown up on a chicken farm.
The Managing Director of the Cape Town office, Chwayita Nqiwa-Twalo, said: “It’s a privilege to have the opportunity to identify, build, and support these exciting entrepreneurial brands. I’m passionate about engaging with inspirational founders and helping to turn their vision into reality.” “What sets us apart as venture builders is that we take the burden of responsibility away from the founder by ensuring we’ve got the right experts to advise on taking the business forward”, said Nqiwa-Twalo.
Interested parties can find more information at https://www.hatchery.no
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