MEST Africa, a leading Pan-African tech entrepreneurship training program, seed fund, and incubator, has announced South African Ed-Tech startup, Koa Academy, as the grand prize winner of the 2023 MEST Africa Challenge (MAC), securing a $50,000 equity investment after a competitive pitch battle among Africa’s brightest tech innovators.
Koa Academy, an innovator in online education, offers dynamic and interactive courses for grades 4-12. With a focus on engagement and accessibility, it champions digital learning, making quality education available to anyone, anywhere, and transforming the educational landscape in South Africa.
The startup impressed the judges at the MAC Finale showcasing significant market potential, revenue growth, and social impact.
Says Lauren Anderson (Co-founder & CEO, Koa Academy): “Winning the MEST Africa Challenge has been an amazing experience for the Koa Academy team. It highlights the hard work and dedication that everyone has put into growing Koa. This recognition is not just an award; it’s a testament to the passion and perseverance that drives us every day. Amidst the challenges, this journey has brought us closer to others across the continent, forging relationships and connections that fuel our mission even further. We are reminded that we’re not alone in this endeavor and are incredibly grateful for the support and learning opportunities this challenge has presented”.
Ashwin Ravichandran, Portfolio Advisor at MEST Africa, congratulated the winner and finalists for their exceptional achievements and resilience. The event also highlighted the support of Absa Bank Ghana for contributing to the success of the Challenge.
The competition drew applications from hundreds of early-stage tech startups, rigorously assessed on criteria such as innovation, scalability, and team strength. Finalists from Ghana, Nigeria, Senegal, South Africa and Kenya competed in the grand finale, demonstrating their unique solutions and business models to a panel of esteemed judges, including investors and industry experts.
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The MEST Africa Challenge (MAC) continues to be a pivotal platform for emerging tech startups in Africa, offering funding, visibility, and support to innovate and scale. Koa Academy’s victory underscores the vibrant potential within Africa’s tech ecosystem, promising a brighter future for the continent’s digital landscape. Known for identifying and nurturing tech talent, the 2023 iteration saw Koa Academy clinch the top spot with its groundbreaking solution, poised to transform the Edtech industry.