MTN Group is looking for startups that are either building a sustainable Africa through digital solutions for health, education, agriculture, fintech, energy and IoT, or enabling businesses through digital solutions for religion, sport, news and e-commerce.
The Venture Incubation Programme (VIP) is designed to provide a supportive ecosystem to help startups build viable and scalable innovation-driven companies. Startups have access to a range of resources including co-working space, practical learning clinics, mentors, weekly check-ins and staff advisors, and a community of peers who learn and grow together.
The VIP offers startups several key advantages. They located in the heart of the V&A Waterfront, where startups are on the doorstep of Africa’s fastest growing tech hub. They also offer proof-of-concept (POC) collaboration opportunities with industry partner MTN Group and a pool of early-stage investors.
Who Should Apply?
For the current program at the Solution Space Waterfront they are looking for startups that are developing digital solutions across health, education, agriculture, fintech, energy IoT, religion, sport, news and e-commerce.
TEAM OF 2+
They are looking for teams of at least two with the right balance of skills and ability to build, test and deliver. The founder or majority shareholder must be the lead participant and must have the ability to commit full-time to the programme over the three months.
PROTOTYPE / MVP
Most of their startups enter with some sort of business case, early version of a product and a couple of team members. They have a working prototype with a minimum feature set ready to conduct early-market testing to further establish product and market fit.
OPPORTUNITY & TRACTION
The initial concept development demonstrates deep and intimate understanding of the problem and market need or opportunity. The idea must have progressed beyond concept and should demonstrate evidence of early market testing, customers, revenues, patents or intellectual property filings.
MTN INDUSTRY PARTNERSHIP
Selected startups will gain access to MTN APIs, MTN Service Delivery Platform, MTN technical experts and mentors to provide feedback and guidance and a package of support from technology partners
How it Works
ONLINE APPLICATION: Startups submit applications online in January/February and June/July each year, before the initial start date of each Venture Incubation Programme.