The Zimbabwean government, which set up a $25 million fund for local technology startups, announced yesterday that it’s now accepting applications to the fund.
The Zim telecoms regulator, POTRAZ, which is managing the fund, sent out a statement calling for applications:
Are you an ICT Innovator, start-up or entrepreneur with a brilliant innovation or solution. Potraz has introduced an exciting Innovation Drive and at identifying, funding and capacitating unique ICT innovations and innovators
If you are an ICT innovator, send your descriptive business proposal, together with your financial projections and budget for consideration to: firstname.lastname@example.org for consideration by 30 May 2017.
The ICT Innovation Drive is designed to promote ICT entrepreneurship as a desirable career path.
We haven’t yet received information on what constitutes a tech startup in the class of “unique ICT innovations” and at what stage the startup needs to be? Idea stage, with some traction, scaling beyond Zimbabwe etc…?
We also don’t have information yet on whether this is open to Zimbabweans anywhere, or Zimbabweans in Zimbabwe, or anyone (regardless of nationality) running a tech startup in Zimbabwe.
We’re sure the criteria and terms & conditions are there somewhere so we’ll work to have it up here as soon as possible.
Here’s a poster of the fund:
The Postal and Telecommunications Regulatory Authority of Zimbabwe POTRAZ) is the regulatory authority of Zimbabwe's telecommunications sector and was established in terms of the country's Postal and Telecommunications Act Chapter 12:05. POTRAZ was established in February 2001 Read More About POTRAZ