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Microsoft announces innovation grant program to fast-track African startups
TT Correspondent |  |  04 Feb 2014

Microsoft Corp.on Monday announced the five African startups it will award innovation grants designed to provide the financial support needed to cross borders and empower the next generation of developers and entrepreneurs in Africa.
 
The grant is part of the company’s 4Afrika Initiative, which was launched in February 2013 to facilitate the company’s active engagement in Africa’s economic development to improve its global competitiveness.
 
Last year, Microsoft 4Afrika extended the Microsoft Ventures partnership program to Africa, with startup accelerator 88mph as its first partner. Through the 4Afrika Initiative, Microsoft is now extending its support to include grants to startups, selecting five startups as the first set of recipients.
 
The startups were selected based on the uniqueness and scalability of their solutions, their business models and the relevance of the key problems they are addressing. The solutions and apps developed by the startups are relevant to consumers and the African market, ranging from agriculture, education and consumer (gaming).

    
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04 Feb 2014(IST)  
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