Funding

Application to 3rd GSMA Ecosystem Accelerator now open – $300k Equity Free up for grabs

Apply now to the third round of GSMA Ecosystem Accelerator’s Innovation Fund and stand a chance to walk home with $349,000 equity-free funding.

GSMA Ecosystem Accelerator launched the Innovation Fund back in July 2016 offering startups equity-free funding between $140,000 and $349,000. The fund will pay keen interest to startups using the mobile service infrastructure to come up with innovative solutions to the socio-economic challenges in their community. The competition is seeking startups from Africa and Asia with such solutions.

We are looking for startups that deliver socio-economic impact by leveraging mobile technology, and that consider that a mobile operator could be a great partner in reaching scale faster. We’re already working with 24 pretty diverse startups – 15 of which are in Africa, and we will be keeping an eye out for companies that will bring something different to the existing portfolio,”

– Max Cuvellier, head of GSMA Ecosystem Accelerator.

Cuvellier elaborates that startups interested in this round of funding should be active in ecosystems that are traditionally underrepresented. For instance, startups using cutting-edge technologies, startups from French-speaking African countries, Internet of Things (IoT), Machine to Machine (M2M), or big data analytics.

Projects focusing on the replication of successful products or services to a new market would also bring significant value to the Fund.”

The Innovation Fund is sector-agnostic, and post-revenue startups solving challenges in Africa and Asia-Pacific region are eligible for it. The top startup will walk home with equity-free funding of between $140,000 and $349,000. However, the startup will be required to match 50% of the funding.

The winning startup will also join the Innovation Fund’s annual boot camp and take part in its monthly clinics. There will also be ongoing mentoring, and support through a partnership with mobile operators.

We work hard to increase the visibility of the startups both online – through case studies, blogs, videos, – and at events, in particular at Mobile World Congress or our mobile 360 series.”

How to apply

If you are interested in taking part in the GSMA Ecosystem Accelerator’s Innovation Fund, click here. The deadline for application is April 15, 2018.

Milicent Atieno

Proud Kenyan Citizen, loving everything Tech related.

Recent Posts

How the Internet Has Changed the Music Industry?

Technology has had a significant impact on the music business throughout the years. The ways…

53 mins ago

How to Start Your Own Business from Home

Since the pandemic forced the majority of businesses to shut their doors and send their…

9 hours ago

Trends that Define Future of Mobile App Development

Mobile application development is not something that has suddenly appeared this year. It was actually…

22 hours ago

Healthcare Application Development Companies

Nowadays, mobile apps are being used in different fields. Few companies specialize in designing apps…

3 days ago

What is the Future of Education?

Image: Pexels Source CCO License Education is changing and arguably for the better. This is…

4 days ago

Why Is Intelligent Search So Valuable?

Introduction How much time do you spend (or waste) searching for the appropriate and relevant…

4 days ago