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Rwanda’s Think Invests Over $60,000 into Four African Startups

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 Millicom’s think, a technology incubator based in Kigali Rwanda has selected four teams representing innovative, digital, private sector solutions that demonstrate the potential to scale across Africa from over 150 applications from across the globe.

The four winners have been offered $15,000 funding, access to Tigo networks across Africa, mentoring from business and tech leaders, tech-specific curriculum on how to develop their businesses and a range of support from think corporate partners.

Tongai Maramba, General Manager of TIgo Rwanda said: “The companies we have selected for think show innovation in a crowded playing field.  The founders are smart, determined and have the potential to scale their firms across the continent.  After a rigorous review process, we have selected companies that demonstrate incredible promise.”

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The following winners were selected after in-depth interviews with think’s Investment Committee:

Beliaa, Egypt:  www.beliaa.com

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Beliaa is a mobile application for Road Assistance, using GPS Location

services, and provides traffic tracking and other transportation information features.  The company was founded in 2012 by Amgad Morgan, and has quickly been gaining user traction in Cairo.

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Cribpark, Nigeria:  www.cribpark.com

Cribpark offers platform for real estate matching, home design, and architecture, and connects homeowners to an array of valuable goods and services.  Cofounded by Dare O. Pius and Oaldapo Ayo, the team of eight is building a one-stop shop for African housing items for a local context.

PollAfrique, Ghana:  www.pollafrique.com

PollAfrique is a research platform for Africa, allowing respondents to participate in incentivized surveys via a number of online channels.   Developed out of Meltwater Entrepreneurial School of Technology (M.E.S.T.) in Ghana, CEO Samuel Dzidzornu leads a strong team that will bring a new perspective on big data.  Recently featured on CNBC, PollAfrique has been highlighted as a “Venture of Pan-African Significance”.

TorQue, Rwanda: www.torque.co.rw

TorQue delivers channel management software for wholesale distributors in the beverage and telecommunications industries and is designed to run the entire distribution business.  Founded in Kigali by Jean Niyotwagira, the company has some traction with large-scale beverage distributors, and is looking to expand.

The four selected teams have been invited to participate in a six-month accelerator program, beginning in Kigali, Rwanda in early November 2014.

 

 

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Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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