The first round of the GSMA Ecosystem Accelerator Innovation Fund is now open for applications from start-ups in Africa and selected Asian countries.
The GSMA launched a fund to support start-ups using mobile to drive positive socio-economic impact in emerging markets. The Ecosystem Accelerator Innovation Fund will be open to start-ups in Africa and selected countries in Asia and will identify innovations with potential for growth whilst also providing best practices for stakeholders.
It will provide funding, mobile-focused mentoring and technical assistance to start-ups, and establish partnerships with operators to increase the reach of innovative mobile services.
The venture is backed by the UK Department for International Development (DFID) and supported by the GSMA and its members.
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 our focus areas:
⚬ Sharing Economy
⚬ Mobile services for SMEs
The 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 have already demonstrated success by launching a product or service and reaching active users in at least one market must provide a matching of at least 50% of the amount of funding requested.