Millicom has announced the creation of a tech incubator in Rwanda to develop new digital solutions. The aim is to develop innovative and scalable businesses in which Millicom will take an equity stake.
The incubator, called “think”, will be located in a purpose-built facility in Rwanda’s capital, Kigali. It will be the base from which a small number of high potential entrepreneurs will be selected by a competitive selection process, application details for which will be announced by the local Tigo operation shortly.
Millicom will provide these entrepreneurs with seed financing, structured training and coaching programmes, access to Tigo technical resources for product testing and trials and support in accessing outside investors and customers.
Rwanda’s digital revolution
“Rwanda is a great place to do business. We know it has some extraordinary local talent whose skills and ingenuity we want to support,” said Hans-Holger Albrecht, president and chief executive officer (CEO) of Millicom. “We are looking forward to driving the digital revolution with talented youth in all our Tigo operations in Africa.”