Submit your pitch to the GSMA Innovation Fund! Applications are open till 18th September 2016 for a shot at grants ranging from £100K to £250K. The start-ups involved must deliver services/products in the sharing economy or mobile services for small and medium-sized enterprises (SMEs).
The GSMA Ecosystem Accelerator Innovation Fund is open to applications from Africa: Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Comoros, DR Congo, Republic of the Congo, Cote d’Ivoire, Djibouti, Egypt, Eritrea, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, Somalia, South Africa, Swaziland, São Tomé and Principe, Tanzania, Togo, Tunisia, Uganda, Zambia and Zimbabwe. (Entrepreneurs from selected Asian countries can also participate, check the full list along with all relevant information on the GSMA website. Excerpts:
What do we offer?
Successful start-ups will receive:
– Funding: grants between GBP 100,000 and GBP 250,000
– Mobile-focused mentoring and bespoke technical assistance
– Opportunities to build partnerships with mobile operators in relevant markets
Who is eligible to apply in this round?
Applicants must use mobile technology and be aligned with one of our focus areas:
– Sharing Economy
– Mobile services for SMEs
Funding must be used for a specific project where socio-economic impact is expected to be realised. Examples include: job creation, new opportunities for entrepreneurs and youth or the growth of formal and informal SMEs. The duration of the project must be between 12 and 18 months
Applicants must provide a matching of at least 50% of the amount of funding requested
Applicants must have already demonstrated success by launching a product or service and reaching active users in at least one market