Exciting news, we’re partnering with DOEN Foundation and Hivos Foundation are launching a new fund to support tech innovation hubs in Africa. Below is some info on the fund:
Two development organisations, Hivos Foundation and The Indigo Trust, alongside DOEN Foundation announce the launching of a new joint fund that will support technology hubs across Africa with the aim of stimulating technology innovation through supporting the continent’s tech entrepreneurs. We see the potential of technology to contribute to huge social changes within societies in Africa. And we believe that solutions to societal challenges should be devised locally. Hubs build communities which encourage collaboration and innovation. We believe that through providing state of the art facilities, fast internet, events, mentorship and training to tech entrepreneurs, hubs will increase the quality and quantity of applications being developed in African countries.
Therefore, we’ve decided to work together to support these spaces in hope that they will increase the number of entrepreneurs in the sector and increase their likelihood of success. In the long-term, we hope that this will increase the number and quality of applications being developed in African countries and that the products they develop will contribute towards social change and improved development outcomes.
We will financially support Tech Hubs in Africa that enable aspiring entrepreneurs with a social mission to turn ideas into reality. Innovation hubs come in different flavours: Hubs, labs, hackerspaces, makerspaces, and coworking spaces. Yet all provide opportunities to:
(1) engage with people, ideas, and technologies,
(2) experience participatory culture
(3) enable technologists and entrepreneurs to develop the hard and soft skills needed to build successful products and businesses
(4) support entrepreneurs in the creation of new applications and solutions which solve societal challenges
Eligible hubs will be invited to participate in the near future.
The fund will disburse €373,000 on the continent in its first year, May 2014 to March 2015. Indigo has contributed £50,000 towards the fund to go directly to hubs and £10,000 for administration costs with the potential of contributing additional funds at a later date.
About the members:
DOEN Foundation supports companies and entrepreneurial organisations that are strongly focused on creating, developing and implementing innovative initiatives in clear relation to their environment.
Hivos is an international development organisation guided by humanist values. Together with local civil society organisations in developing countries, Hivos works to contribute to a free, fair and sustainable world.
The Indigo Trust is a UK based grant making foundation that funds technology-driven projects to bring about social change, largely in African countries. The Trust focuses mainly on innovation, transparency and citizen empowerment but also supports projects across other social sectors including health, education and agriculture.