The Safaricom Foundation Technology for Good Accelerator is a three months long incubation and seed-funding program that empowers entrepreneurs to launch globally scalable mobile tech driven startups that solve relevant local challenges.
WORTH
- Our selection process is a unique full-day workshop and pitch presentation (after a week) where participants are trained and equipped with the most relevant lean startup tools to conduct customer discovery and validation.
- Teams then pitch to demonstrate customer-problem fit.
- The teams are also trained and equipped with the tools and skills for business modeling.
- They develop a business model to be tested during the incubation period.
ELIGIBILITY
- Must be registered to conduct business in Kenya in accordance with Kenyan law
- Must demonstrate the innovation and how it links to the Safaricom Foundation strategic
- Must demonstrate capacity to develop and roll out the solution to benefit Kenyans
- Must demonstrate how they have involved partners and the community that will benefit from the innovation
- Potential innovations will be incubated for three months after which those selected will be funded
- Payments will be paid based on pre-agreed milestones
- There will grant to take the innovation to deployment and scale
- This is an innovation challenge fund and the Foundation reserves the right to take an equity stake in the final product (negotiated)
- The focus is on the benefit of the innovation to bring change to the community
- Those selected must be willing to be incubated for three (3) months at @iBizAfrica, Strathmore University
DEADLINE: June 2 2017
To apply and for more information visit here
