Applications open for Africa Startups Challenge

By Gabriella Mulligan

Applications are open for the Africa Startups Challenge, which looks to partner the continent’s most promising startups and help scale their businesses.

Hosted by Thomson Reuters and VC4Africa, the Africa Startups Challenge aims to identify the startups with the potential to leverage new technology and business models to leapfrog current or traditional solutions.

The programme will see the hosts partner with selected companies to scale their businesses rapidly, through cash prizes as well as mentorship and networks.

The successful startups will be showcased on Thomson Reuters’ global investment platform, Eikon; while the startups will also be invited to attend the Thomson Reuters Africa Summit 2016.

“Thomson Reuters aims to empower Africa’s success by providing government, financial, academic and business solutions that have helped move from aid-based economies to self-sustaining, knowledge-based economies for almost 150 years,” Thomson Reuters said.

“[Our] position as a trusted provider in financial markets makes it attractive for fintech startups to work with us as a partner. Our answer to the changing environment is an open platform approach – leveraging our depth and breadth, and enabling collaborative partnerships focused on innovation.”

Applications are invited from startups focusing on 10 categories in particular: agri-tech; big data analytics; blockchain; digital government; education; Internet of Things; fintech; media-tech; mobile technology; and supply chain.

Applications are available here, until May 30.

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