MTN Solution Space Venture Innovation Pogram for African Tech Startups 2018

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MTN Solution Space Venture Innovation Pogram for African Tech Startups 2018
MTN Group
is looking for startups that are either building a sustainable Africa
through digital solutions for health, education, agriculture, fintech,
energy and IoT, or enabling businesses through digital solutions for
religion, sport, news and e-commerce.

Application Deadline: 28th February 2018

  1. Start date: 3rd April 2018
  2. End date: 30th June 2018

Eligible Countries: African countries

To be taken at (country): Solution Space Waterfront, South Africa

About the Award: The
VIP offers startups several key advantages. We’re located in the heart
of the V&A Waterfront, where startups are on the doorstep of
Africa’s fastest growing tech hub. We offer proof-of-concept (POC)
collaboration opportunities with our industry partner MTN Group and a
pool of early-stage investors.

The Venture Incubation Programme
(VIP) is designed to provide a supportive ecosystem to help startups
build viable and scalable innovation-driven companies. Startups have
access to a range of resources including co-working space, practical
learning clinics, mentors, weekly check-ins and staff advisors, and a
community of peers who learn and grow together.

Focus Areas: 

  1. Fintech
  2. E-Commerce
  3. Energy Ed Tech
  4. Healthtech
  5. Sports and News
  6. IOT
  7. Agtech

Type: Entrepreneurship

Eligibility: 

  1. DIGITAL
    STARTUPS: For our current program at the Solution Space Waterfront we
    are looking for startups that are developing digital solutions across
    health, education, agriculture, fintech, energy IoT, religion, sport,
    news and e-commerce.
  2. TEAM OF 2+: We’re not looking for single
    founders, but teams of at least two with the right balance of skills and
    ability to build, test and deliver. The founder or majority shareholder
    must be the lead participant and must have the ability to commit
    full-time to the programme over the three months.
  3. PROTOTYPE /
    MVP: Most of our startups enter with some sort of business case, early
    version of a product and a couple of team members. They have a working
    prototype with a minimum feature set ready to conduct early-market
    testing to further establish product and market fit.
  4. OPPORTUNITY
    & TRACTION: The initial concept development demonstrates deep and
    intimate understanding of the problem and market need or opportunity.
    The idea must have progressed beyond concept and should demonstrate
    evidence of early market testing, customers, revenues, patents or
    intellectual property filings.
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Value of Award: 

  1. MTN
    INDUSTRY PARTNERSHIP: Selected startups will gain access to MTN APIs,
    MTN Service Delivery Platform, MTN technical experts and mentors to
    provide feedback and guidance and a package of support from technology
    partners.
  2. FEEDBACK & GUIDANCE: Startups receive valuable
    feedback and guidance from our Entrepreneur-in-Residence and network of
    experienced mentors and industry partners. Each startup is paired with a
    mentor for the programme and have access to the Solution Space’s
    network of GSB alumni and corporate partners.
  3. ENTREPRENEURSHIP
    SKILLS: We apply a learning-by-doing approach. At workshops and clinics,
    startups learn founder fundamentals and core skills focused on moving
    the business forward. Startups apply what they learn through practical
    outcomes from each session.
  4. ADVISORY SERVICES: Access to
    pro-bono partners and a network of consultants to support with
    specialist expertise e.g. legal, HR, digital user experience, venture
    capital.
  5. CO-WORKING & COMMUNITY: We focus on building a
    vibrant community of entrepreneurs and offer a calendar of regular
    events designed to increase a startup’s knowledge and expand their
    network. We prioritize peer learning and mentoring through access to our
    co-working space and regular office-hours.

How to Apply:

  1. ONLINE
    APPLICATION: Startups submit applications online in January/February
    and June/July each year, before the initial start date of each Venture
    Incubation Programme.
  2. PRE-SELECTION DESIGN SPRINT: The Solution
    Space team reviews the applications and the top 30 startups are selected
    to participate in a five-day design sprint to assess the fundamentals
    of the business and the team.
  3. PITCH TO A SELECTION PANEL: At the
    end of the five-day design sprint, successful startups pitch to a final
    selection panel of corporate partners, early-stage investors, mentors
    and entrepreneurs.
  4. FINAL SELECTION: The top 10-15 startups are
    selected to participate in the three-month Venture Incubation Programme
    and accelerate the development of their digital solution. Startups
    receive mentorship and training in addition to all the services offered
    by the Solution Space.
SEE ALSO:  Standard Chartered Bank Nigeria October/November Recruitment

Visit Programme Webpage for details

Award Provider: MTN Solution Space

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