Nigerian Start-up Companies Recieve Grants from Microsoft

The Microsoft "4Afrika" initiative aims to provide financial support to the next generation of African entrepreneurs.

The Microsoft “4Afrika” initiative aims to provide financial support to the next generation of African entrepreneurs.

Microsoft Corporation recently provided five African start-up companies with innovation grants in order to further entrepreneurship, development, and innovation on the continent.  Of the five companies receiving  funding, two are based in Nigeria. Save & Buy is “a web and mobile platform that enables Nigerians to save toward the purchase of items conveniently and securely through e-commerce channels.”  Gamsole is “a mobile game production company creating Windows games, with downloads topping more than 4 million.”

Microsoft’s “4Afrika” initiative, in addition to providing financial support to these young companies, aims to “place tens of millions of smart devices in the hands of African youth, bring 1 million African small and medium-sized enterprises online, upskill 100,000 members of Africa’s workforce, and help an additional 100,000 recent graduates develop skills for employability, 75 percent of whom Microsoft will help place in jobs.”

Investments in these start-ups provide opportunity to the many young innovators of Nigeria and the rest of the continent.

 

For further information, please refer to:

http://www.vanguardngr.com/2014/02/5-african-start-ups-get-grants-microsoft-4africa/

http://www.humanipo.com/news/39523/microsoft-4afrika-provides-grants-to-5-startups/

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