">
TechMoran
  • About Us
  • Deals
  • Jobs
  • Motoring
    • Money
  • Pitch Your Startup
  • Submit Your Post
  • Freelance Gigs
  • Travel
  • Men’s Corner
  • Dating
Wednesday, January 27, 2021
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
No Result
View All Result
TechMoran
">
Home Startups

GSMA’s Accelerator Innovation Fund to Invest over £2 million in startups from Africa & Asia

Milcah Lukhanyu by Milcah Lukhanyu
5 years ago
in Startups, Tech, Telcos, Women
4 min read
0

Ecosystem_Accelerator_Innovation_Fund_PRGSMA has launched the GSMA Ecosystem Accelerator Innovation Fund, which will support innovative start-ups from and operating in Africa and selected countries in Asia. The fund will invest £2 million to approximately 10 to 15 start-ups in January 2017.

 

The Fund is backed by the UK Department for International Development (DFID) and supported by the GSMA and its members.

 

Mats Granryd, Director General of the GSMA said, “The launch of the Ecosystem Accelerator Innovation Fund is an exciting opportunity for the mobile industry to work with entrepreneurs in developing markets to create services that will deliver important socio-economic benefits to their communities. I anticipate that we will see some incredible applications and I look forward to seeing the first selected start-up businesses flourish.”

 

The Fund will provide funding and mobile-focused mentoring and technical assistance to selected start-ups, and establish partnerships between operators and start-ups to increase the reach of innovative mobile services.

Related posts

Showmax customers to pay for a one-month & receive two months subscription for free

January 27, 2021
0

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021
0

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021
0

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0

 

The Fund will run several rounds between 2016 and 2020, with each round having specific areas of focus. During the first funding round, which will disburse approximately £2 million, applicants must be aligned with one or both of the following focus areas in order to be eligible:

  • Sharing Economy – defined as any mobile-based platform, product or service which enables low-income citizens in emerging markets to generate income from ‘under-utilised assets’, such as free personal time or vehicle use, by sharing those assets with their peers.
  • Services for Small and Medium Enterprises (SMEs) – defined as any mobile-based solution, product or service designed for micro and SMEs in emerging markets that unlock improved productivity and growth.
READ  Technologies that give online lenders a competitive edge over banks

For the first round, applications will be assessed through a two-stage application process. In the “pitch stage”, applicants are required to complete an online questionnaire providing an overview of their product or service; the deadline for submitting pitches is the 18th September 2016.

A maximum of 30 pitches will be selected to advance to the proposal stage; an independent panel of experts will then appraise the proposals and make awards totaling £2 million to approximately 10 to 15 start-ups in January 2017.

Readers 1,214

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: AfricaAsiaGSMAstartups
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Tech

Showmax customers to pay for a one-month & receive two months subscription for free

January 27, 2021
0
Tech

Safaricom’s M-PESA Bill Manager brings digital receitps, bills and invoices to businesses & landlords

January 26, 2021
0
Tech

Stranded in Lockdown? Here Are 3 Ways You Can Make Money Via Cryptocurrencies Online

January 26, 2021
0
Startups

Kenya’s Insuretech startup Pula raises $6m to scale up operations in 13 markets across Africa

January 26, 2021
0
aimbot -8
Tech

UNDP Gifts Kenya With Robots That Will Aid In Fighting COVID-19

January 26, 2021
0
Tech

Signal Adds WhatsApp Like Features That Have Made The App More Interactive

January 26, 2021
0
Startups

Finnfund & Norfund double Starsight’s funding to $20 million for Ghana expansion

January 23, 2021
0
Startups

African tech startup funding passes $700m in 2020 despite COVID-19

January 23, 2021
0

https://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoBhttps://bit.ly/2VOxuoB
ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Showmax customers to pay for a one-month & receive two months subscription for free

January 27, 2021

Huawei Mobile to launch Huawei Y7a in Kenya early next month

January 27, 2021

Air Conditioner Maintenance Tips to Save Energy

January 27, 2021

Enjoy The Convenience of Washing & Drying With Ramtons Washer Dryer Combo 

January 27, 2021

Samsung, Safaricom partner to push Samsung Galaxy S21 pre-orders

January 26, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: