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The first round of the GSMA Ecosystem Accelerator Innovation Fund is now open for applications from start-ups in Africa and selected Asian countries.
Successful start-ups will receive:
-Funding between GBP£100,000 and GBP£250,000
-Mobile-focused mentoring and bespoke technical assistance
-Opportunities to build partnerships with mobile operators in relevant markets
Who is eligible to apply in this round?
-Applicants must use mobile technology and be aligned with one of the focus areas:
? Sharing Economy
? Mobile services for SMEs
-Funding must be used for a specific project where socio-economic impact is expected to be realised. Examples include: job creation, new opportunities for entrepreneurs and youth or the growth of formal and informal SMEs. The duration of the project must be between 12 and 18 months
-Applicants must provide a matching of at least 50% of the amount of funding requested
-Applicants must have already demonstrated success by launching a product or service and reaching active users in at least one market