Microsoft wants to accelerate the growth of startups in Africa and fast-track investment in Africa’s startup ecosystem. By providing support to 10,000 startups over the next five years to enable them grow. A new partnership with accelerators, tech hubs and incubators across Africa including Grindstone, Greenhouse, FlapMax and Seedstars will seek to provide startups with access to markets, technical skills, and funding opportunities.
Through the intiative, startups will get access to technology, skilling programs and an opportunity to co-sell with Microsoft. They will also get support from Microsoft engineering and product teams for co-innovation opportunities.
Microsoft believes the vibrant African startup market is well placed to become a cornerstone of the continent’s digital economy. However it represents less than one percent of total investments worldwide. Wael Elkabbany, Managing Director, Microsoft Africa Transformation Office, points out, this needs to change.
“Investments into Africa’s startup ecosystem are growing at an exciting pace. According to the Organisation for Economic Co-operation and Development (OECD), there are more than 640 active tech hubs across Africa, accelerating innovation and creating employment, particularly among the youth.”
Wael Elkabbany
Microsoft will also partner with key B2B-focused start-ups, scaleups, “soonicorns” and unicorns across a range of leading African industries. As well as startups concentrating on developing solutions for SMEs. Microsoft will tailor each partnership based on the needs of a startup says Gerald Maithya, Startups Lead, Microsoft Africa Transformation Office.
“We understand that each start-up is unique and exists beyond the limitations of a one-size-fits-all partnership model. Therefore Microsoft will tailor each partnership to the needs of individual start-ups, providing support and access. – Whether to technology, markets and co-sell opportunities, funding or digital skills. – To enable them to grow and contribute to the wider economic growth of Africa,”
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Microsoft is bringing the Startups Founders Hub to startups in Africa through new initiatives by the Africa Transformation Office. The Founders Hub tries to remove traditional barriers that startups face when building a company. African startups will be able to get free access to technology, coaching, and support to hit their next milestone.
The self-service hub, Microsoft Notes, will provide startups with a wide range of resources. This includes access to mentors, skilling content, tools like Microsoft Azure and GitHub, and go-to-market and business support.
The Founders Hub also includes opportunities for startups to sell to Microsoft’s corporate and enterprise customers. Helping with some of the early challenges startups face when it comes to finding customers. Microsoft will also support startups in geo-expansion activities, where startups can scale up by selling in new countries or regions.
“The Founders Hub allows Microsoft to engage with accelerators, incubators and tech hubs across the continent“, says Gerald Maithya, Startups Lead, Microsoft Africa Transformation Office.
Our partnerships with key African accelerators provide crucial support to accelerate growth-stage startups with their business development and market expansion plans.
Gerald Maithya
This is part of new Microsoft initiatives under its Africa Transformation Office to accelerate the growth of 10,000 African startups and fast-track investment in Africa’s start-up ecosystem over the next five years. Including the announcement of $500 million investment funding to enable startups to rapidly scale. And new partnerships with accelerators and incubators to provide startups with access to markets, technical skills and funding.
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Microsoft is announcing plans to support African startups with $500 million in potential funding in partnership with venture capital investors to enable them to rapidly scale using investment funding. This is part of new initiatives under its Africa Transformation Office to accelerate the growth of 10,000 African startups over the next five years. Including the launch of Microsoft Startups Founders Hub in Africa and new partnerships with accelerators and incubators to provide startups with access to markets, technical skills and funding.
Microsoft will establish industry alliances and partnerships with venture capital investors to facilitate access to the $500 million funding. Targeting those with global reach and regional bases with an interest in one or more regions within Africa. The funding will come from a network of venture capital investors, who will dedicate a portion of their financial support to startups in the Microsoft network.
“Our ambition is to see an explosion of local invention”
Wael Elkabbany
The company has established partnerships with key venture capital investors, including Banque Misr, Global Venture Capital and Get Funded Africa. With plans to grow this network of venture capital investors in the next five years. This will allow it to increase funding to startups and enable them to scale up and drive economic growth.
“Our goal in establishing these partnerships with venture capital investors is to extend the network of potential partnerships between Microsoft, venture capital investors and startups, thereby increasing the funding made available to eligible startups,” says Gerald Maithya, Startups Lead, Microsoft Africa Transformation Office.
Microsoft believes the African startup market is well placed to become a cornerstone of the continent’s digital economy, supporting local innovation through relevant solutions to societal challenges.
“Our ambition is to see an explosion of local invention,” says Wael Elkabbany, Managing Director, Microsoft Africa Transformation Office. “That will contribute positively, not just to Africa’s digital economy, but to global society he concludes“.
“There is huge potential for Africa to become a thriving hub of digital innovation on the global start-up landscape.”
Wael Elkabbany
Microsoft hopes to enable digital transformation powered by Africans for Africans with the establishment of the Africa Transformation Office. It will partner with public and private organizations to empower Africans and foster economic prosperity.
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Black and Brilliant is partnering with Codecademy to launch the second edition of the AI Accelerator Africa program. The free 10-week applied Artificial Intelligence (AI) bootcamp will focus on upskilling in data science, programming and data engineering, and user experience. Program participants will use Codecademy’s self-guided, hands-on learning platform for the courses.
The program will provide participants with mentorship from industry leaders and subject experts from global companies. Google, Fujitsu, and Shopify mentors will guide on topics like user experience, ethics and bias, and the business of AI.
Applications for the AI Accelerator Africa 2022 bootcamp open March 1st. It will start on 14th March through to May 16th 2022. The course will have small group discussions and panels as well as one-on-one sessions with coaches. The program is open to everyone irrespective of their professional or educational background. It is however giving higher priority to people with previous experience with Python in this cohort.
The Black and Brilliant Advocacy Network is working with Codecademy to bring the program to Africa and empower a new generation of tech talent in the region.Noting “We want to on-ramp people who have potential to be the next generation of AI Superstars – regardless of their backgrounds or educational attainment. From people that did not graduate High School but acquired coding skills along the way, to those with advanced STEM degrees looking to change lanes.”
The program is a chance to kill two birds with one stone says Tony Effik, co-founder of Black and Brilliant. He tells TechRepublic it will help blacks get higher-paying AI jobs and make AI less discriminatory towards communities of color. Effik adds that there is also a need for artificial intelligence capacity building across Africa. Telling ZDNet that talented young African technologists need to be better supported.
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Tecnotree announces the launch of a digital multi-experience platform, Tecnotree Moments, in collaboration with MTN Nigeria. Tecnotree Moments is a gateway of digital services and lifestyle bundling products. It will launch with e-sports content such as PUBG Mobile Daily, FIFA Daily, Rocket League Daily, Fortnite Monthly, and Fantasy Football. Moments will also contain the complete Nigerian JSSCE, SSSCE, and IGCSE syllabus in the form of interactive and immersive content and live classes.
The multi-experience partner ecosystem offering aims to create lifestyle bundles of content, applications, and connectivity. Through a pre-integrated digital partner ecosystem for global, local and glocal high-demand and hyper-growth sectors. The platform will attract leading partners across different sectors such as education, entertainment, gaming, sports, health, and wellness to enter Nigeria and use direct customer billing to convert ecosystem partners into instant revenue generators.
It will offer Africa’s top-played games, with fresh games being updated regularly. With dynamic ecosystem partners, the platform is uniquely positioned to cater for the convergence in education and gaming content around the globe that fosters social and emotional learning, imperative for personalized and adaptive experiences.
The MTN-Moments partnership will look at providing Massive Online Open Curriculum (MOOC) for career development and progression. Facilitating the acquisition of soft and technical skills. The platform will be launched first in Nigeria, with plans to launch these services to other MTN OpCos in Africa.
‘MTN is constantly seeking partnerships to build platforms that provide a superior service to our customers. We have always been deliberate about giving our customers the very best in digital content. This partnership with Tecnotree is a reinforcement of that commitment. The platform will provide enormous quality content that cuts across education and entertainment for our customers.’ said Aisha Mumuni, MTN’s Acting Chief Digital Officer.
Padma Ravichander, CEO of Tecnotree Corporation said, ‘Our Vision is to empower digitally connected communities, narrow the digital divide and create digital inclusion for various diasporas of the Nigerian population. We are very excited to partner with MTN Nigeria to launch our Tecnotree Moments platform that will support the Nigerian community with true digital services and products through our global partners. MTN’s commitment to making Africa a truly digital economy is a powerful purpose and Tecnotree is proud to be its digital partner in the cause.’
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