African financial tech and health tech companies can improve their businesses through a new program aimed at providing mentorship to the 10 most innovative companies in those sectors.

The Tech Lab Africa program is an initiative by Barclay Africa launched today in a bid to find ten outstanding financial or health tech companies to get access to support and mentorship from Barclays Africa executives, external experts and industry leaders.

Shortlisted candidates will be flown down to Cape Town to take part in the 13-week long program beginning in September where a panel of judges will select the final 10 based on how interesting their business propositions are.

The top 10 will receive mentorship from prominent business figures, participate in market days and roadshows where they’ll meet potential customers and investors, and get a shot at becoming a preferred supplier to Barclays Africa.

“In order to compete, Barclays Africa needs to connect, shape and scale these new industry players. We are looking for big, fresh ideas that promise to shake things up – be this in the financial services industry, the health sector, or anywhere else,” said Ashley Veasey, chief information officer at Barclays Africa.

Applications for Tech Lab Africa are already open and must be submitted on the Tech Lab website. The deadline for submissions is 3rd August.

[Image – CC 2.0 by Institute for Money, Technology and Financial Inclusion]