The GSMA’s Ecosystem Accelerator has unveiled its applications for the second round of grants through its Innovation Fund, with up to GB£250,000 on offer to startups from Africa and the Asia-Pacific region.
The GSMA Ecosystem Accelerator Innovation Fund provides selected start-ups in Africa and Asia Pacific with grant funding, technical assistance, and the opportunity to partner with mobile operators in their markets to help scale their products and services into sustainable businesses with positive socio-economic impact.
Round 2 of the Ecosystem Accelerator Innovation Fund opened on 1 June 2017 and all pitches are due by 16 July 2017 at 11.59pm GMT.
Areas of interests for this round are: ‘sharing economy’ and ‘services for SME’.
1. Sharing economy: defined as any mobile-based platform, product or service which enables low-income citizens in emerging markets to generate income from ‘underutilised assets’ through sharing those assets with their peers.
2. Services for SMEs: defined as any mobile-based solution, product or service designed for Micro, Small and Medium Enterprises (SMEs) – formal or informal – in emerging markets which unlock improved productivity and growth.
Curious about the start-ups that have been successful in the past? In April 2017 they announced our first round of start-ups with some of them from Africa as noted in the graph below. Read our blog post to find out more.