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.
“As part of the 4Afrika initiative, we are excited to be supporting startups that have developed innovative solutions that address key issues in Africa,” said Amrote Abdella, director of startup engagement and Partnerships for 4Afrika. “Our support is aimed to showcase the importance of local innovation, but, more important, it highlights the great potential that African innovators have in competing with world-class developers and entrepreneurs.”
Abiola Olaniran, CEO of Gamsole, which has already developed some of the most popular Windows Phone games in Africa, said, “The Microsoft 4Afrika innovation grant provides a great support as it helps entrepreneurs to further bootstrap their companies without giving up equity or control. It allows us to not miss out on the kind of fast growth that only major cash infusion can provide.”
The Microsoft 4Afrika Initiative is designed to help Africa improve its global competitiveness and, in just under a year, has successfully launched various programs across the continent, including these recent innovation grants, to reach is 2016 goal.
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