MTN, Solution Space to help 10 Digital Ventures to Scale
MTN in partnership with the Solution Space, based at the University of Cape Town’s (UCT’s) Graduate School of Business, are inviting entrepreneurs developing digital solutions on the African continent to apply to the next Venture Incubation Programme.
The Venture Incubation Programme (VIP) is designed to provide a supportive ecosystem to help startups build viable and scalable innovation-driven companies.
Selected participants will receive R300 000 worth of support from MTN for the duration of the three-month programm as well as access to mentorship, advisory services, access to investor and corporate networks.
MTN Group is looking for startups that are either building a sustainable Africa through digital solutions for health, education, agriculture, fintech, energy and IoT, or enabling businesses through digital solutions for religion, sport, news and e-commerce.
They are looking for teams of at least two with the right balance of skills and ability to build, test and deliver. The founder or majority shareholder must be the lead participant and must have the ability to commit full-time to the programme over the three months.
The initial concept development must demonstrate deep and intimate understanding of the problem and market need or opportunity. The idea must have progressed beyond concept and should demonstrate evidence of early market testing, customers, revenues, patents or intellectual property filings.
How it works
Entrepreneurs can apply until 1 July. The top 30 startups will be selected to participate in a pre-selection five-day design sprint to assess the fundamentals of the business and the team.
At the end of the five-day design sprint, successful startups will pitch to a final selection panel of corporate partners, early-stage investors, mentors and entrepreneurs.
The top 10-15 startups will be selected to participate in the three-month Venture Incubation Programme and accelerate the development of their digital solution. Startups receive mentorship and training in addition to all the services offered by the Solution Space.
For more information or to apply to the VIP Winter School Programme, click here.