Safaricom announces strict deadline to IT people

janet ndila

May 30, 2017 4:22 PM

Applications have been open for the three month incubation and seeding funding program that aims to help Kenyan startups to scale their solutions globally.

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The Technology for Good Fund was established under the Safaricom Foundation with the aim of targeting investors in social innovation and entrepreneurship to support development and deployment of mobile technology.

The fund aims to empower young innovators to create technological solutions that can leverage on mobile technology. The idea is to give the young developers technical support to create impactful innovations that can be used for development.

Applications have been open for the three-month incubation and seeding funding program that aims to help Kenyan startups to scale their solutions globally.

The accelerator is looking for mobile tech-driven startups in the fields of education, health, economic empowerment, environmental conservation, water, arts, culture and disaster relief, with applications open until Friday, June 2 and the program beginning that month.

Applicants will be shortlisted and startups chosen for the program based on a full-day workshop and pitch presentation. Selected startups will be incubated for three months at @iBizAfrica at Strathmore University, with the possibility of obtaining up to US$50,000 in seed funding.

Payments will be paid based on pre-agreed milestones, with the Safaricom Foundation reserving the right to take a negotiated equity stake in the startups. The focus is on the potential of the innovation to bring change to the community.

During the program, the startups will have access to training and mentorship and will embark on building a minimum viable product for proof of concept.

The Safaricom Foundation is looking for applications from teams with a minimum of three people, aged between 18 and 35, that have the relevant technical and business capacity required to successfully execute the business.

janet ndila