Bolt, has finalised its Accelerator Program in Kenya, culminating in an award ceremony to fete the top 10 drivers and couriers with the most compelling and innovative ideas.
The event, was launched in partnership with The Nest Innovation Technology Park, aiming to empower Bolt drivers to bring their bold, sustainable transport ideas to life.
Launched in April 2024, the Bolt Accelerator Program received over 800 applications from drivers and couriers in Kenya. From the pool of applicants, 120 entrepreneurs were shortlisted and went through the Bolt Academy, a business skills training phase. After presenting their video pitches, top 20 participants progressed to the next phase, which included exclusive training sessions led by seasoned industry experts.
The participants honed their entrepreneurial skills and developed their concepts further, readying themselves for the ultimate test on Pitch Day.
At the Pitch Day session, the top 20 finalists presented their innovative business solutions to a panel of judges including Linda Ndungu, General Manager, Rides at Bolt, Maryanne Akoth, Director for programs at ISBI at Strathmore Business School, among others. They evaluated the pitches based on criteria such as innovation, feasibility, and potential impact.
The judges’ insights and feedback were crucial in determining the winners of the seed funding. At pitch day, drivers and couriers showcased a range of innovative ideas, including creating charging stations (stationary and portable) for electric cars and bikes, establishing business hubs for drivers, investing in vehicles suitable for persons living with disabilities, and use of technology to enhance last mile food and grocery deliveries.
These concepts, among others, highlighted the diverse and practical solutions being developed to address various needs within the community.
Linda Ndungu, General Manager, Rides said-
“Our driver and courier partners are at the very core of the Bolt ecosystem. They are not just service providers; but are essential members of a broader community that keeps millions of people connected across Kenya and beyond. We recognise that, and today we are happy to be celebrating their importance and investing in their future.”
Following a rigorous selection process, the top 10 most promising ideas were unveiled at the award ceremony. These exemplary entrepreneurs received a €2,000 (over KES 280,000) seed fund each and will embark on a transformative 6-week post mentorship program.
This comprehensive program will provide guidance, mentorship, and access to a network of industry experts, equipping them with the tools and support needed to propel their businesses to success.
Some notable awards went to Adrian Kagiri Amunga (Most Innovative Idea), Antony Gwaro Nyangaresi (Most Scalable Idea) and Teddy Muthami Muriithi (Best Pitch).
“To the winners, your dedication and creativity have rightfully earned you this recognition, along with €2,000 in seed funding. We are eager to see where your entrepreneurial journey leads from here,”
added Linda Ndungu.
Oluwajoba Oloba, Co-Founder of The Nest Innovation Technology Park, remarked on the program’s significance:
“Programs like the Bolt Accelerator are essential for driving innovation and entrepreneurship in Kenya. By offering resources, mentorship, and financial backing, individuals are empowered and this in turn helps boost Kenya’s GDP. A vibrant startup ecosystem fosters job creation, attracts foreign investment, and strengthens economic resilience. We commend Bolt and encourage other organisations and government agencies to support these initiatives to unlock Kenya’s full entrepreneurial potential.”
In a statement, Hon. Susan Auma Mang’eni, Principal Secretary, State Department of MSME Development said:
“The Bolt Accelerator Program aligns perfectly with Kenya’s Vision 2030 economic development and job creation goals. By fostering innovation at the grassroots level, we’re contributing to a future where technology and entrepreneurship drive prosperity for all Kenyans, and truly, your efforts are shaping the future of mobility in Kenya. The Government is committed to empowering drivers and fostering entrepreneurship. We will continue to partner with the private sector to provide a conducive environment for growth and development of the service industry.”
The Bolt Accelerator Program Kenya has shown a dedicated effort to offer strong and comprehensive support to aspiring innovators within its driver network. Through this strategic partnership, Bolt reaffirms its commitment to fostering innovation, empowering drivers and couriers, and promoting the growth of entrepreneurial initiatives.
