Thomson Reuters, in partnership with Venture Capital For Africa (VC4A), is launching an initiative to provide a platform for startups to scale. The initiative dubbed The Africa Startups Challenge seeks to find the best new companies coming out of Africa who are able to leverage new technology and new business models to leap-frog the current players. The Program begun on 1st May 2016 and is set to last till 30th September 2016. The deadline for submitting the applications ends today July 15th.
So what is in it for Startups?
Thomson Reuters says it plans 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. Through the challenge, it is hoping to target startups in 10 categories including Agri-tech (including land administration); Big data analytics; Blockchain; Digital government; Education; Internet of Things; Fintech; Media-tech; Mobile technology and Supply chain. Startups chosen will in addition to cash prizes receive the opportunity to attend the Thomson Reuters Africa Summit 2016. Startups will also be shown on Reuters Eikon platform, an data and investment platform which will increase their visibility. Interested startups can sign up today before the deadline lapses.