Millicom to support exceptional undertakers and start-ups across Africa has announced the first round of companies it intends to support.
The startups are Beliaa (Egypt), Cribpark (Nigeria), PollAfrique (Ghana), and TorQue (Rwanda).
Beliaa is a mobile app for traffic navigation and road assistance, using GPS while Cribpark is a platform for property matching, home design, and architecture.
According to Think, the four startups, selected from over 150 applications across the globe, represents innovative digital private sector services that demonstrate the potential to scale across Africa.
Tongai Maramba, General Manager of Tigo Rwanda said: “The companies 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 startups will be offered $15,000 each as well as access to Tigo’s technical networks across Africa, mentorship from business and tech leaders, tech-specific curriculum on how to develop their businesses, a range of support structures from Think corporate partners and access to over 50 million customer base on the international market.
In exchange, Millicom will get 10 percent equity of the business.