MTN, in partnership with the MTN Solution Space and Jumia,have launched the MTN Entrepreneurship Challenge.
The Pan-African competition powered by Jumia is expected to be the first of its kind in Africa, bringing together over 1000 entrepreneurs, students and investors, to collaborate on ways to amplify and consolidate the continent’s entrepreneurs. Targeting more than 60 universities in 13 countries across Africa, the competition will challenge students to develop a unique digital application or smart solution that will solve a tangible problem faced on the continent.
MTN’s Group Chief Digital Officer, Herman Singh, says the company is proud to both sponsor and endorse the initiative.“The Entrepreneurship Challenge is strongly aligned to MTN’s own entrepreneurial culture and history as well as our values as a business. We believe inspiration of new business leaders in Africa and their enablement to success, will be key drivers for the future rapid evolution of a broader start-up culture on the continent. This is an environment already teeming with excellent potential and we hope to assist in accelerating its further growth and to raise MTN’s role in creating new businesses in Africa,”
Here in Liberia, Lonestar Cell MTN’s CEO, Babatunde Osho is admonishing all university students to take advantage of the entrepreneurship challenge. He believes this competition is a better opportunity for young entrepreneurs to showcase their innovations and explore greater opportunities for success.
Applications for the first round of the multi-phased competition are open and will close on 27 March 2016. Aspiring entrepreneurs from participating universities can enter in teams by logging ontowww.gsb.uct.ac.za/MTNECbyJumia .
The winner of the MTN Entrepreneurship Challenge will win a cash prize of US $25 000 towards their start-up, and will also benefit from a yearlong partnership with Jumia, where they will have the opportunity to work from any of JUMIA’s offices across Africa. This will enable the winner to learn from, and be mentored by experienced and successful entrepreneurs in the JUMIA network. The winner will also have access to a Facebook Start Program to the value of US $15 000, which includes tools and services needed to build mobile applications. In addition, they will have the opportunity to work from the MTN Solution Space at the University of Cape Town’s Graduate School of Business. The two runners-up will each receive US $5 000 towards their projects.
For more information about the MTN Entrepreneurship Challenge powered by Jumia, visit the MTN Solution Space at http://www.gsb.uct.ac.za/MTNECbyJumia and Jumia at www.Jumia.com or contact Lonestar Cell MTN’s Corporate Affairs Offices here in Liberia.