A24Media has announced a $1M media technology investment fund today at Africa Tech Summit Kigali.
The fund is aimed to support technology developers focused on revenue generating content distribution platforms. A24Media boasts of 15,000 hours of an exclusive content portfolio with the figure poised to rise to at least 16,000 hours by December 2018.
A24Media will run a unique idea developer contest to find the most creative, powerful and useful ideas on media, advertising and education that integrate content into their business model.
A24Media will first seek venture capital investment partners that will co-manage the Investment Fund and provide strategic advice on business models and market strategies.
Speaking at Africa Tech Summit Kigali Asif Sheikh, Founder of A24Media said “we are excited to support the disruptive developers in the media technology industry because we realize that no single company can provide the breadth and scope of innovation that’s required to develop revenue-generating platforms and take this industry to the next level” said.
We hope that this Investment Fund will spark an explosion of creativity and innovation in the media technology industry.