Innobid

Innobid

روّاد الأعمال

Eliud Luutsa

Eliud Luutsa

CEO & Co-Founder

Eliud is a global development professional and an SME thought leader with over 6 years of extensive experience working with development organizations and innovation hubs to fundraise, design and implement programmes and services that provide changemakers and the communities they serve with Knowledge, Access and Choice!
Wilbard Kangwiya

Wilbard Kangwiya

COO & Co-Founder

Wilbard is a dynamic and ski led professional with a diverse background in construction engineering, welding, and entrepreneurship. As a co- founder of InnoBid Procurement, he spearheads a tech-driven solution to combat corruption in public procurement, emphasizing transparency and accountability.

Team

Rachel Oyugi

Rachel Oyugi

Technology Lead

Rachel is a passionate software engineer with a love for cycling and chess. When she’s not writing code, you can find her pedalling through scenic routes or strategizing over a chessboard. She thrives on cha lenges, whether it's coding for hackathons or cracking puzzles in CTFs. Connect with her to share her enthusiasm for technology and beyond!
Rejoice Amutenya

Rejoice Amutenya

Communications Lead

Rejoice Amutenya, at 21 years old, is a business system analyst within the banking sector. Her advocacy journey revolves around championing digitalisation, digital governance, inclusion, telecommunications, and policy- making. She held the esteemed position of ITU Youth Envoy at the International Telecommunications Union (ITU), amplifying youth voices in the digital development dialogue and working towards an inclusive and sustainable digital future for all, with a focus on Africa.
Maria Kauhondamwa

Maria Kauhondamwa

System Analyst

Maria Kauhondamwa holds a master’s degree in computer science, from the Namibia University of Science and Technology (NUST). She is passionate about technology and community service.
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Idea

Innobid is a purpose-driven technology startup founded to bridge economic and systemic gaps in procurement by designing inclusive digital infrastructure. Conceptualized at the Accountability Lab’s Hackcorruption hackathon in July 2022, Innobid’s core mission is to integrate women and youth — traditionally excluded from economic systems — into national and global commerce through a tech-for-good approach. With a majority-female and fully-youth-led ownership, Innobid builds tools that empower marginalized entrepreneurs with the access, information, and tools necessary to participate equitably in public and private sector procurement.

Challenge

Innobid is directly addressing the persistent inefficiencies and inequalities in procurement systems — including manual processing, fraud, lack of transparency, and exclusion of underrepresented groups. The current landscape is often opaque, wasteful, and biased against MSMEs owned by women and youth. Innobid tackles these issues by simplifying complex processes, detecting anomalies that signal corruption, and opening up fair access to procurement opportunities for all, especially those previously sidelined from the economic mainstream.

Solution

Innobid is revolutionizing procurement through its flagship AI-powered e-procurement platform that automates the entire tendering process, increasing efficiency and reducing human bias. The platform uses Agentic AI to conduct legal compliance checks, risk assessments, and comparative bid evaluations, delivering rapid and reliable insights to procurement officials. Additionally, it fosters civic engagement by enabling citizens to monitor procurement outcomes, thereby strengthening accountability and trust. Designed for governments, nonprofits, and businesses, the solution ensures fair competition, particularly for women- and youth-owned enterprises.


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برامجنا

تأمين رأس المال

نساعد الشركات الناشئة على جمع التمويل من خلال التواصل مع المصتثمرين المناسبين وتقديم دعم وخدمات متكاملة

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تمويل مشاريع الإعمار

حلول تمويل شاملة مصممة خصيصًا للشركات الناشئة والشركات العاملة في قطاع العقارات.

فرانتشايز للشركات

استكشف فرص الامتياز التجاري وقم بتطوير أعمالك ضمن نموذج عمل مُثبت.

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أخبار Innobid (1)

FasterCapital Backs Innobid’s AI-Powered E-Procurement Solution to Boost Market Access
18 Jul 2025

FasterCapital Backs Innobid’s AI-Powered E-Procurement Solution to Boost Market Access

Nairobi, Kenya & Dubai, UAE – July 18 2025

Innobid, a pioneering AI-enabled e-procurement tech startup focused on enhancing transparency and equity in procurement, today announced a strategic partnership with FasterCapital through its LaunchUp program. This collaboration aims to accelerate Innobid’s market entry and scale its innovative solution across government, private, and global development sectors, primarily targeting Africa and emerging markets. The partnership leverages FasterCapital’s global reach and expertise to validate Innobid’s product-market fit and fast-track capital raising and business growth.

Market Opportunity & Problem Statement
The global procurement market is estimated to reach over $10 trillion, yet remains plagued by inefficiencies, corruption, and exclusion—especially for women and youth-owned micro, small, and medium enterprises (MSMEs). Manual tendering processes are slow, opaque, and prone to fraud, limiting equitable access to lucrative contracts. Innobid addresses a critical white space by targeting procurement disparities with AI-driven automation and transparency tools, enabling fairer, faster, and more inclusive procurement workflows. This positions Innobid uniquely amid fragmented legacy systems and emerging digital procurement platforms.

Startup Solution & Differentiation
Innobid’s AI-powered e-procurement platform automates bid screening, legal compliance checks, risk assessments, and anomaly detection to identify potential corruption before contract awards. Its citizen engagement module invites public monitoring, fostering accountability and trust. With a majority female and fully youth-owned leadership, Innobid champions inclusivity, leveling the playing field for traditionally excluded entrepreneurs. The platform’s MVP has undergone successful peer testing and early pilot implementations, gaining recognition from the UN Youth Envoy and winning the Accountability Lab’s Hackcorruption hackathon. Innobid’s comprehensive approach combines technology, community oversight, and capacity building, differentiating it from competitors focused solely on automation.

FasterCapital Partnership Value
Through FasterCapital’s selective LaunchUp program, Innobid gains access to tailored mentorship, strategic guidance, and a global investor network. FasterCapital’s rigorous vetting process underscores Innobid’s strong market potential and innovative edge. The collaboration accelerates Innobid’s product refinement, go-to-market strategy, and capital raising efforts, targeting a $100,000 funding milestone. FasterCapital’s support includes business development resources, sales enablement, and integration with complementary fintech ecosystems, positioning Innobid for rapid scaling across multiple regions.

Executive Quotes
Hesham Zreik, Founder & CEO of FasterCapital, stated:
“Innobid exemplifies the kind of innovative, impact-driven startup that LaunchUp aims to empower. Their AI-enabled procurement platform addresses a global challenge with a unique focus on inclusion and transparency. We are excited to support their journey to market leadership and believe their solution has the potential to transform procurement ecosystems across emerging economies.”

Eliud Luutsa, CEO & Co-Founder of Innobid, commented:
“Our partnership with FasterCapital validates Innobid’s mission to democratize access to procurement opportunities for women and youth entrepreneurs. FasterCapital’s expertise and global network provide the perfect catalyst to accelerate our growth and deepen our impact. Together, we will drive transparency, fairness, and efficiency in procurement, unlocking new economic pathways for underserved communities.”

Growth Trajectory & Future Plans
Innobid plans to onboard 3-5 anchor clients and complete 2-3 pilot projects within the next 12 months, focusing on government agencies and development partners in Africa. The startup aims to expand through strategic partnerships with consulting firms, develop a sales engine, and launch supplier training academies targeting women and youth entrepreneurs. Capital raised through this partnership will fund product enhancements, including advanced analytics and mobile access for rural suppliers, and support market expansion across the continent and beyond.

About Innobid
Founded in 2022 and majority female-owned, Innobid is a tech-for-good startup leveraging AI to transform procurement by enhancing efficiency, transparency, and equity. Its e-procurement platform automates tender processes, detects bid anomalies, and fosters citizen oversight to combat corruption and promote inclusive economic participation. Innobid’s vision is to create pathways for marginalized entrepreneurs to access government, private sector, and global development contracts.

About FasterCapital
FasterCapital is a global startup accelerator and venture capital firm that supports early-stage tech innovators through its LaunchUp program. With a proven track record of scaling startups across fintech, AI, and digital transformation sectors, FasterCapital provides mentorship, capital raising support, and access to a worldwide investor network. The program’s selective criteria ensure collaboration with high-potential startups driving meaningful market disruption.

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