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
- Start date: 3rd April 2018
- 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.
- Energy Ed Tech
- Sports and News
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.
- 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.
- 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.
& 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.
Value of Award:
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
- 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.
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.
- 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
- 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:
APPLICATION: Startups submit applications online in January/February
and June/July each year, before the initial start date of each Venture
- 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.
- 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
- 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.
Award Provider: MTN Solution Space