Windhoek moves closer to becoming Africa’s next startup hub with Accelerate36 Initiative
Grindstone, the growth engineer co-owned by Knife Capital and Thinkroom, joined ecosystem partners in Windhoek last week in launching a collaborative initiative aimed at strengthening Namibia’s startup ecosystem. This effort seeks to create a pathway for high-growth startups to access public capital markets. The event, held under the banner of Accelerate 36, brought together policymakers, regulators, investors, founders and ecosystem builders to explore how Namibia can unlock economic growth. This will be done by developing a pipeline of scalable startups and enabling their listing on the Development Capital Board (DevX) of the Namibia Securities Exchange (NSX). “We have the influence, brainpower, and energy in this room to ensure that we transform the Namibian capital markets”, said Ben Bertolini, Namibian angel investor, at the opening of the event. Accelerate 36 aims to align stakeholders around a shared ambition: positioning Windhoek as a thriving startup hub whilst expanding Namibia’s investable universe and deepening its capital markets. The initiative proposes a structured pathway that supports startups from validation and growth through to listing and eventual graduation to the NSX main board. Whilst Namibia has strong entrepreneurial talent and a growing innovation ecosystem, relatively few Namibian startups successfully scale into governance-ready companies capable of attracting institutional investment. At the same time, Namibia’s domestic capital markets face a shrinking investable universe, whilst pension funds are required to allocate a portion of their portfolios to alternative investments. This initiative aims to bridge this gap by creating a disciplined system that prepares startups for public markets whilst strengthening governance, transparency and investor confidence. The proposed model focuses on a clear progression: validating promising startups, preparing them for listing on the NSX Development Capital Board, supporting their growth through structured capital raising, and ultimately enabling successful companies to graduate to the NSX Main Board. By building this pathway, […]
