Tech incubator backs four start-ups
Our Rwanda-based technology incubator think announces its support for four different African startups that have the talent, innovation and potential to scale across the continent.
14 October: The selection this week of a group of companies for special technical support from Tigo marks an exciting first for our pan-African tech incubator think.
think, founded in March 2014, was set up to develop innovative and scalable new private sector businesses (see Forbes, April 2014) in which Millicom will take an equity stake.
The four that have been named were drawn from more than 150 applicants around the world, each competing for the prize: 15,000 US dollars towards seed financing, mentoring from business and tech leaders, structured training programmes on how to develop businesses, as well as product testing and support from Tigo's technical resources.
General Manager for Tigo Rwanda Tongai Maramba said: "The companies we have selected for think show innovation in a crowded playing field. The founders are smart, determined and have the potential to scale their firms across the continent. After a rigorous review process, we have selected companies that demonstrate incredible promise."
The four companies have been invited to participate in six month accelerator program, beginning in Kigali, Rwanda, in early November 2014.
The selected companies are:
A mobile application for road assistance, using GPS location services, to provide traffic tracking and other travel information features. The company was founded in 2012 by Amgad Morgan (@amgadmorgan), and has quickly been gaining user traction in Cairo.
A platform for real estate matching, home design, and architecture, connecting homeowners to a wide range of goods and services. Co-founded by Dare O. Pius and Oaldapo Ayo (@cribpark), the team of eight is building a one-stop shop for African housing items that are suited to local contexts.
A research platform for Africa, allowing respondents to participate in incentivized surveys via a number of online channels. Developed out of Meltwater Entrepreneurial School of Technology (M.E.S.T.) in Ghana, CEO Samuel Dzidzornu (@heysamG) leads a team bringing new perspectives to big data. Recently featured on CNBC, PollAfrique has been named a "Venture of Pan-African Significance"