Microsoft Launches Partnerships. Founders Hub in Africa To Support 10,000 Startups

Microsoft has announced new initiatives that will accelerate the growth and development of 10,000 African startups.

The initiatives will be run under its recently established Africa Transformation Office (ATO), and will also see Microsoft fast-track investment in Africa’s startup ecosystem over the next five years.

Microsoft’s recently launched global Founders Hub will now be available to African startups through the ATO. The Hub is a self service hub that offers startups a range of resources including mentors, skills content and support for go-to market and business.

The Hub includes opportunities for startups to sell to Microsoft’s corporate and enterprise customers. Microsoft will also help startups with geo-expansion activities. This is where startups can expand their reach by selling in new regions or countries.

Partnerships

Microsoft is also forming new partnerships across Africa with accelerators/incubators, including FlapMax, FlapMax, Greenhouse, FlapMax and Seedstars. This will provide access to markets, technical skills and funding opportunities for industry-based startups.

These partnerships will provide African startups with access to skilling programmes, access to markets, including opportunities to co-sell with Microsoft, and access to technology, with support from Microsoft’s an engineering and product teams for co-innovation opportunities.

Microsoft is creating industry alliances with venture capital investors to help startups scale quickly using investment financing. This will allow them to provide access to up to $500 million for African startups. These funds will be provided by a network venture capital investors who will give a portion to the Microsoft network’s start-ups.

The tech giant has already established partnerships with several key venture capital investors, including Banque Misr, Global Venture Capital & Get Funded Africa with an intention to grow this network of venture capital investors in the next five years, increasing funding, enabling them to scale up and drive economic growth.

Microsoft believes the vibrant African startup market is well placed to become a cornerstone of the continent’s digital economy, supporting local innovation through relevant solutions to societal challenges.

 

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