[Uganda] MTN launches US$270,000 fund to support technology startups
MTN has announced the launch of Ugx1bn (US$270,000) fund to support technology startups in Uganda. The fund is expected to provide a financial boost to startups that participate in the MTN innovation challenge series.
The first of these is the MTN Open API Challenge starts on 3 December 2018. Participants will make their entries on the innovation challenge website.
“It has been 20 years since we started operating in Uganda and our role in this economy has been evolving ‘’ Wim Vanhelleputte, the MTN Uganda CEO said.
“The Shs1bn commitment we have made towards the MTN Startup Fund also forms part of that ambition to continue supporting local innovators. I encourage as many startups as possible to participate in the several innovation challenges we shall be hosting in order to access funding from the MTN Startup Fund.” he added.
MTN Uganda unveiled Ugx310m (US$81,000) high speed internet connectivity package to the Innovation Village, courtesy of the MTN Foundation. The package includes free internet connectivity for use by young developers and innovators as part of its youth empowerment drive.