Software Deadline: February third 2019
Together with the MTN Open API, MTN can even be launching a Startup Program to help Early stage startups into progress as they journey to change into profitable startups. The MTN Startup Program is in most of circumstances a Zero Fairness Program, that means that beneficiaries won’t be anticipated to offer MTN fairness in return.
The MTN Startup Program will present help to a complete worth of UGX 1bn to Native startups (over Three years):
to compete to profit from the Startup Program will likely be computerized by
taking part in a MTN Innovation initiative (e.g., MTN Problem 2018
kicking off on Dec 3rd 2018)
- MTN intends to have a number of Innovation challenges yearly.
will likely be chosen primarily based on standards outlined by MTN for every of the
innovation challenges with one of the best performing being rewarded.
STARTUP PROGRAM REWARDS WILL BE PACKAGED AS FOLLOWS:
On the finish of an innovation problem, beneficiary
Apps will likely be people who show one of the best
potential as per the particular initiative’s judging
standards. Beneficiaries will likely be chosen by a panel
Efficiency primarily based funding:
After Go reside through MTN Cellular Cash integration, beneficiary Apps for performance-
primarily based funding will likely be chosen by MTN primarily based on:
Chosen set of KPI, together with: a weighted efficiency of Variety of customers, Quantity
of transactions and Whole worth of transactions
A presentation related to the enterprise growth course of, e.g., Worth proposition,
business plan, B-case over 5 years.
Beneficiaries will obtain funding as one of many following: Seed Funding, Industrial
Plan funding, Co-branded collaboration