The SC WiT programme, which was started in 2014, is aimed at supporting the growth of female-led enterprises by providing an opportunity for women business owners who are using or want to use technology as a catalyst for the growth of their businesses.
In partnership with BongoHive, Standard Chartered Bank will be running an incubator and accelerator programme for women in Zambia who have technologically oriented business concepts that they have developed and are ready to scale up.
In the first 3-month, the incubation programme will guide the participants on how to successfully transition from being an early-stage startup to an established company through mentorship and coaching.
Participants will get the opportunity to have one-on-one business advisory sessions as well as gain knowledge on business modelling, finance and legal advisory, among others.
As an additional incentive, they will also be introduced to funding opportunities, promotional opportunities and access to regular webinars from experts.
However, the participants through digitalisation and digital transformation will be provided with specialised technical support from a professional software development team.
The programme will help to leverage technology to significantly improve various aspects of their business; from streamlining sales and distribution to managing remote teams efficiently. “We will also help your business to have a digital presence by developing mobile and web applications.”
Five months of technical support towards the development and launch of the winning businesses digital solutions will be unleashed and an additional three months support in the promotion of the winning businesses online, in media and at industry events.
The programme is an initiative of Standard Chartered Bank Zambia and being implemented by BongoHive, following the successful implementation of the Women in Tech programme in Kenya, Nigeria and Bahrain to mention a few.
The key objective of the incubator programme is to help Zambian Women entrepreneurs or business owners who want to or are leveraging technology to grow their business but lack the necessary support. The programme is designed to provide targeted support in areas of business operations, digitisation and digital transformation, accounting and financial management.