The GSMA Ecosystem Accelerator has announced 15 new investments by its Innovation Fund, with eight African startups receiving up to GB£250,000 (US$349,000) in equity-free funding. The first round of nine grantees was announced in April last year – Africa dominated the cohort with seven startups receiving backing. A further 15 startups have now been selected to receive funding, eight of which are African startups. “They [the grantees]cover more sectors, including health, insurance, and logisitics, and illustrate a wider range of areas in which local SMEs are using mobile innovation to help solve local problems. Collectively they tackle thirteen of the 17 Sustainable Development Goals introduced by the United Nations and embraced by the mobile industry as a whole,” says Max Cuvellier, head of the GSMA Ecosystem Accelerator.

Source: The North Africa Journal February 27, 2018 09:56 UTC