Join the MTN Venture Incubation Programme to Have Access to $250,000 & Support

Join the MTN Venture Incubation Programme to Have Access to $250,000 & Support

The Venture Incubation Programme (VIP) is an initiative of MTN Solution Space which has been designed to provide a supportive ecosystem to help startups build viable and scalable innovation-driven companies. The top 10-15 startups from the VIP Bootcamp will participate a three-month Venture Incubation Programme in Cape Town, South Africa between 3 April – 30 June 2018.

With the programme, digital startups will have access to a range of resources which includes a co-working space, practical learning clinics, guidance from mentors, weekly check-ins and staff advisors, and a community of peers who learn and grow together.

Two programmes will run every year and each session will feature 15 companies, with a total amount of R300k (or its equivalent value) given to each digital startup for support.

See the other details below:

APPLICATIONS OPEN: 1 – 28 FEBRUARY 2018
START DATE: 3 APRIL 2018
END DATE: 30 JUNE 2018
LOCATION: Solution Space Waterfront, Cape Town South Africa

MTN Solutions to Empower Digital Startups Venture Incubation Programme (VIP)
Focus areas

As seen in the image above, the areas of focus would be Fintech, e-commerce, energy, Edtech, HealthTech, Sports and News, Internet of Things (IoT) and Agritech.

Building a sustainable Africa through digital solutions
ELIGIBILITY REQUIREMENTS:

Qualifying team must contain at least two members, and have the right balance of skills/ability to build, test and deliver. They should have a working prototype with a minimum feature set ready to conduct early-market testing to further establish product and market fit.

Startups Founders must be the lead participant while the whole team must attend on a full-time basis (present at the Solution Space 30+hrs/week during the 12-week program from 3 April – 30 June 2018).

As you must expect, prospective entrepreneurs must also be committed, disciplined, ready to work and teachable. They must have a desire to help other teams and contribute to the community as a whole.

 

APPLICATION PROCESS

Applications should be submitted here before the 28th February 2018. The Selection Committee would review the applications and the top 20-30 startups are selected to participate in a five-day design sprint to assess the fundamentals of the business and the team.

NB: Applicants should be able to attend the Bootcamp in Cape Town, South Africa between 12 – 16 March 2018. Applicants are also expected to cover their own costs associated with travel, accommodation.


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