Kenya’s tech startup landscape is set to undergo a significant transformation with the launch of the Chanzo OneSpace Startup and Scaleup Accelerator (COSSA). Spearheaded by Two Rivers International Finance and Innovation Centre Special Economic Zone (TRIFIC SEZ), ONESPACE, and Chanzo Capital, this initiative aims to propel local tech ventures into new African markets.
COSSA offers a comprehensive support system tailored for startups and scaleups, combining capital infusion, intensive capacity building, and access to a thriving business community. TRIFIC SEZ, known for fostering economic growth through trade and investment, partners with ONESPACE to provide an innovative workspace conducive to collaboration and innovation.
“Investment, Trade and Industry Cabinet Secretary Rebecca Miano underscored Kenya’s strong position in global foreign direct investment, affirming the government’s commitment to nurturing local innovation,” stated the official release.
The inaugural COSSA cohort features prominent Kenyan firms including SaveApp, At Large Innovation (ThryvCapital Partners LLP), and CheckUPS COVA, all poised to expand regionally with COSSA’s strategic support.
Centum CEO Dr. James Mworia highlighted COSSA’s role in job creation and foreign direct investment, aligning with Centum’s broader strategy to enhance trade and service exports through TRIFIC SEZ.
Chanzo Capital’s upcoming Angel Fair Africa event in Nairobi this November will provide COSSA participants with a platform to pitch to global angel investors, further boosting their growth trajectory.
The COSSA initiative not only aims to elevate Kenyan startups onto the global stage but also solidifies Kenya’s reputation as a leading hub for tech innovation in Africa.
photo source: Google
By: Montel Kamau
Serrari Financial Analyst
4th July, 2024
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