A24 media announces $1milion investment fund targeting disruptive technology developers across Africa
Africa’s content creation and aggregation company A24Media, has announced a $1 million technology investment fund.
This is to support technology developers focused on revenue generating content distribution platforms. A24Media boasts of 15,000 hours of an exclusive content portfolio with the figure poised to rise to at least 16,000 hours by December 2018.
A24Media will run a unique idea developer contest, to find the most creative, powerful and useful ideas on media, advertising and education, that integrate content into their business model.
A24Media will first seek venture capital investment partners that will co-manage the Investment Fund and provide strategic advice on business models and market strategies.
"We are excited to support the disruptive developers in the media technology industry because we realize that no single company can provide the breadth and scope of innovation that's required to develop revenue generating platforms and take this industry to the next level," said Asif Sheikh, Founder of A24Media.
The company hopes that the fund will spark an explosion of creativity and innovation in the media technology industry.