The mobile operator Orange, through the technological investment fund “Orange Ventures”, launched for startuppers, telecommunications specialists, the digital sector or innovative solutions, the 1st edition of the Orange Ventures Africa “Mea seed” competition. challenge ”. A competition that targets entrepreneurs from African and Middle Eastern countries such as Cameroon, Egypt, Côte d’Ivoire, Morocco, Senegal, Tunisia and Jordan.
Seven startuppers from each of these countries will be awarded and will benefit from an investment of between 50,000 and 150,000 euros. Or 32.79 million FCFA and 98.25 million FCFA respectively.
Added to this is the support of a locally based sponsor and 12 months of monitoring with Orange Seedstars’ partner. The aim thus targeted by the telecoms operator is the financing of innovative projects carried out by young Africans. “
The objective of this challenge is to give entrepreneurs in Africa and the Middle East, and in particular those in Cameroon, the means to get started and develop, “announces the Cameroonian branch of the French operator. Applications will be accepted until July 19, 2020 online. The winners of the competition will be known in September 2020 and will join the portfolio of Orange Ventures Africa Middle & East.
Regarding the technology investment fund Orange Ventures, the latter is a venture capital investor present on the African continent since 2017. It is endowed with 50 million euros or 32.7 billion FCFA. Startups in Kenya, South Africa, Nigeria and Ethiopia have already benefited from funding from the latter.