Vodacom launches a $150K digital accelerator to fuel Tanzania startups

 Vodacom launches a $150K digital accelerator to fuel Tanzania startups

Vodacom has launched Vodacom Digital Accelerator, a $150,000 initiative to invest in early-stage and growth-stage startups in Tanzania.

The new accelerator will identify and support startup Tanzanian entrepreneurs in mobile, telecom, fintech, media, health, education, and e-commerce.

According to Vodacom Tanzania Plc’s Managing Director Hisham Hendi, “We always aim to create impactful sustainable change in the society where we operate in line with our strategic business focus and, the Vodacom Accelerator aims to do just that.”

Digital technology is not only changing the way firms do business in Africa but also revolutionizing the way they perceive and solve issues of development.

Startups and innovators selected stand a chance to partners with the telco, get mentorship, technical assistance, marketing and exposure to Vodacom and Smart Lab’s large network of partners and finally customers to test and experience their solutions.

The telco’s director of Corporate Affairs Rosalynn Mworia said the firm is investing more than $150,000 into the accelerator program which will go towards educating and empowering Tanzania‘s youth.

During the program which also aims at leveraging corporate resources, networks, mentors, and partners, participants will present their progress to a panel of investors and associates at the end of a 3-month acceleration period from which winners will get further support for an added period of 6 months.

Smart Codes Chief Executive Officer Edwin Bruno shared his excitement for the new program saying that, “we are excited to be part of the “Vodacom Accelerator” and together we hope to create a brand building platform for the tech savvy youth.”

Tanzania has more than 45 tech hubs in 2019, up from just a handful of hubs in 2011 but there little or no involvement from the corporate side The two firms aim to bridge the gap.



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