Entrepreneurs developing digital solutions on the African continent are invited to apply to the next Venture Incubation Programme – a partnership between telecommunications giant, MTN and the Solution Space based at the UCT Graduate School of Business.
The Solution Space, at the University of Cape Town’s Graduate School of Business (GSB) is looking for 10 digital ventures to participate in the upcoming Winter School Venture Incubation Programme (VIP), which begins in September.
“This is an opportunity for innovation-driven entrepreneurs who are working on digital solutions to take their business to the next level,” says Sarah-Anne Alman, Manager at the Solution Space. “The early-stages of a start-up are so critical and often the least supported time in the life-cycle of a start-up. We aim for maximum impact at this stage and for start-ups to leave our incubator with a thorough understanding of the fundamentals required for a viable solution.”
Run over 3 months with sponsorship and mentorship support from MTN, the Venture Incubation Programme provides participants with R300 000 worth of support. This consists of mentorship, advisory services, access to investor and corporate networks and workshops on business fundamentals such as marketing strategy and business model development. The programme has helped over 30 start-ups over the past two years.
MTN has shown significant investment in the start-up ecosystem on the continent and this incubation programme is a key platform for the company to engage with the latest emerging startups working on digital solutions that address broad-based needs across Africa. Stephen van Coller, MTN Group VP: Digital services, Data analytics & Business Development says, “At MTN we are committed to driving the development of a bold new digital world. MTN’s dedicated teams are highly active in this Venture Incubation Programme to provide a strong connection between the startups developing the latest digital solutions and the expertise and resources existing within MTN”.