• Supports the growth of insurtechs 

• Reaches underserved markets (particularly households and communities that are currently unprotected) 

• Improves customer value; and 

• Creates an enabling regulatory environment. 

• A structured learning environment - BimaLab accelerator offers a structured program of events and activities designed to help startups learn and grow.
• Access to mentorship - Startups accepted into an accelerator program will have access to experienced mentors who can provide valuable advice and guidance. The program provides mentorship from experienced entrepreneurs and professionals. The mentors can help startups with advice, connections, and resources.
• Funding - BimaLab Africa has relationships with venture capitalists and other investors, which can give startups access to the funding they need to grow. The program provides startups with funding from investors. This can help startups grow their businesses and scale their operations.
• Built-in support network - BimaLab program will enable the startup be part of a community of like-minded entrepreneurs, which can be a great source of support and inspiration.
• Connections - Another benefit of being accepted into a startup accelerator is access to connections with financial institutions, technology companies and regulators. The program also provides startups with connections to potential customers, partners, and investors. These connections can help startups grow their businesses.

BimaLab Africa Selection Criteria

1.  Team and Leadership - Does the team have the right mix of skills and experience to succeed? Is the team passionate and committed to their idea? Is at least one of the co-founders a woman. 
2. Market - Is the potential or current market large enough to support the company's growth? Is there a real need for the product or service?
3. Business Model - Is the business model sound and sustainable? Does it have the potential to generate revenue and profits? 
4. Traction - Has the company achieved any early traction? This could be in the form of customers, users, investors or media attention.
5. Gender Focus - Does thee company have a female founding team? Does the solution focus on solving for a gender intentional challenge? 
6. Innovation and inclusivity - Does your solution make use of innovation and contributes to inclusion of underserved or unserved segments in the financial sector?