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The United Nations Development Programme (UNDP), in collaboration with the Timbuktoo Africa Innovation Foundation and the National Institute for Scientific and Industrial Research (NISIR), has launched the Timbuktoo MineTech Accelerator Programme. This innovative initiative aims to revolutionize Africa’s mining sector by empowering tech-enabled, youth-led startups to address critical challenges through advanced technology and sustainable practices.
This flagship programme of the Timbuktoo MineTech Hub, the first of its kind on the continent, underscores a bold vision to foster operational efficiency and sustainability in mining. It offers startups access to global networks, high-tech tools, mentorship, and financial resources, aiming to unlock unprecedented opportunities for socio-economic development across Africa.
Call for Applications and Funding Details
Applications for the Timbuktoo MineTech Accelerator Programme will open on January 9, 2025, and close on February 13, 2025. Selected startups will gain access to a comprehensive acceleration programme, including mentorship, global networking opportunities, and $25,000 in equity-free funding to refine and scale their solutions.
Startups from across Africa are encouraged to apply, particularly those led by women, persons with disabilities, and other marginalized groups.
Transforming Mining Through Innovation
The MineTech Accelerator is designed to identify and scale innovative, technology-based solutions that revolutionize the mining industry. With a focus on waste management, efficient mineral recovery, drone applications, data visualization, and sustainability-focused innovations, the initiative aims to position Africa as a leader in ethical and sustainable mining practices.
James Wakiaga, Resident Representative of UNDP Zambia, noted:
“The Timbuktoo MineTech Accelerator reflects our dedication to addressing Africa’s mining challenges while empowering local talent. This programme fosters innovation, supports startups, and accelerates sustainable development across the continent.”
Dr. Henry Kambafwile, CEO of NISIR, added:
“This programme is a catalyst for reshaping Africa’s mining sector with technology and innovation at its core. By empowering Africa’s brightest minds, we aim to build a future of sustainable and ethical mining practices.”
Programme Objectives and Activities
The MineTech Accelerator Programme seeks to:
- Promote Innovation: Foster groundbreaking technologies to enhance mining operations.
- Scale Startups: Accelerate the growth and investment readiness of mining-tech ventures.
- Enhance Capacity: Equip entrepreneurs with essential business and technical skills.
- Foster Collaboration: Build partnerships among industry leaders, investors, regulators, and academia.
- Drive Economic Growth: Advance socio-economic development through technology-driven mining innovations.
Programme Structure
- Recruitment and Bootcamp:
Startups will participate in a 4-week bootcamp (2 weeks in-person, 2 weeks virtual), focusing on:- Problem definition and solution alignment.
- Prototype development and market validation.
- Business modeling and pitch refinement.
- Acceleration Phase:
Selected startups will progress to a tailored acceleration phase, including mentorship, product refinement, and strategic guidance. - Timbuktoo MineTech Hub:
Hosted at NISIR, the Hub will facilitate collaboration with regulators, corporations, and innovation hubs. Outreach efforts will include webinars, social media campaigns, and curated events. - Post-Grant Support:
Startups will receive ongoing guidance and resources to scale their solutions and maximize impact.
Eligibility and Focus Areas
Eligibility Criteria:
- Founders must be nationals of an African Union member state and domiciled in Africa.
- Startups must address mining challenges using technology-driven solutions.
Focus Areas:
- Waste management and mineral recovery.
- Drone applications and surveying.
- Data visualization and interpretation.
- Sustainability and eco-friendly mining innovations.
Join the Movement
The Timbuktoo MineTech Accelerator Programme offers an unparalleled opportunity for African startups to redefine the mining ecosystem. With mentorship, funding, and access to cutting-edge resources, participants will shape the future of mining while contributing to sustainable economic growth across the continent.
Applications open January 9, 2025. Don’t miss this chance to be part of a transformative initiative. APPLY
