Nestlé partner Kinaya Ventures on the launch of Spring Fellowship

Nestlé partner Kinaya Ventures on the launch of Spring Fellowship

Nestlé has partner with Kinaya Ventures on its plight to be a tech driven company in a digital economy. The food and drinks company is the first to partner with the tech accellerator firm, Kinaya Ventures, established last year with branches in Abidjan, Ivory Coast, and Dakar, Senegal.

Kinaya Ventures now launched a fellowship program, Spring Fellowship and Nestlé R&D will be part of it to challenge local tech founders and universities to provide innovation that will impact positively on the food industry.

Speaking on the issue, the CEO and Cofounder of Kinaya Ventures, Laïssa Mouen states, “Scaling-up is one of the most critical stages of startups’ life. The startups must accept to put at risk its cost structure and face new markets. On the other hand, industry leaders through collaboration with startups that own technological know-how can effectively solve their innovation problems.”



For successful candidates, the CEO states, “Once the prototype is built, we accompany startups and corporate partners in the definition of a legal framework, which can lead to multi-country contracts. This is in line with Kinaya Ventures’ mission to connect the dots between startups, corporates and investors; and also to connect the dots between Francophone and Anglophone entrepreneurial ecosystems in Africa.”

Though, Kinaya Ventures is yet to state when it intends to resumes the Spring Fellowship, those who succeeded in the innovation challenge have the privilege to pitch their idea in front of investors and partners, including Nestlé on its demo day.

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