Thursday, 7 November 2013

Microsoft 4Afrika Initiative

Microsoft, fated as ‘Software Giant” is a multinational company commonly known for its expertise in computer technology that develops, manufactures, licenses and supports a diverse range of software products are looking forward to boost its ventures partnership programme in Africa. A programme was launched in June with an endeavor to offer tools, resources, expertise through partnerships around the world. Ventures partnership programme, an integrated global effort for expansion in Africa is one element of the Microsoft 4Afrika Initiative which was launched recently to initiate services in key sectors viz. agriculture, education and healthcare. Mr. Amrote Abdella, Director, 4Afrika Venture Capital and Startup programs articulated, “Through the 4Afrika initiative, we are deeply committed to fostering African innovation and to fueling Africa’s economic growth and competitiveness and we are very proud to see Microsoft Ventures extend its reach into the African continent”. He added, “We strongly believe that with the right support, African startups hold tremendous potential to impact both their local economies and the world’s perception of African-led innovation and entrepreneurship”.

To begin with, 88mph, a private seed fund with active work places in Nairobi and Cape Town was the first African accelerator to enter in partnership with Microsoft Ventures. The institution key intent is to offer initially set up web or mobile companies with a funding up to $100K through a 3-month startup accelerator programme.  Microsoft in collaboration with 88mph is expected to present startups with mentorship, technology guidance, seed funding, joint selling opportunities and many more to explore. Mr. Nikolai Barnwell, Director, 88mph, Nairobi appreciated Microsoft  in a statement, “Microsoft is a company that deeply understands the value of the ecosystem, and we believe that by working together, 88mph and Microsoft can offer a world class launch pad to African startups looking to achieve true scale”. 

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