New Fund Launched for African Tech Hubs

June 12, 2014

Hivos continues its support for African Technology hubs and has partnered with the DOEN Foundation and The Indigo Trust to launch a new joint fund that will support technology hubs around the continent with the aim of empowering more sustainable entrepreneurship.

In a joint statement the fund partners said that technologies not only present a huge opportunity to contribute to significant social changes, but also create employment since technology solutions are often developed and marketed through local entrepreneurs.

The new fund aims to increase the number of these entrepreneurs and the quality and quantity of applications being developed in African countries.

The fund will work by financially supporting Tech Hubs in Africa that enable aspiring entrepreneurs with a social mission to develop their business plan, identify potential investors and turn ideas into reality.

A total of €373,000 will be disbursed to four hubs on the continent during the first year of the fund, 2014-2015. The money will be used for core funding of the hubs, seed funding for various projects and for programme management costs.

Commenting on the launch of the fund, Hivos Programme manager for Expression & Engagement, Tambudzai Madzimure, said the idea was to encourage a participatory culture as a way for solving challenges across the continent. “We find that tech hubs are a great place for young entrepreneurs, programmers and techies to come together and develop solutions for some of the pressing challenges in their communities. We’ve seen this happen in Kenya, Nigeria and Zambia, among other places. This fund will hopefully nurture initiatives that are on the ground.”

Hivos has provided support for a number of tech hubs around Africa including iHub (Kenya), Hive Colab (Uganda), Bongo Hive (Zambia), RLabs (South Africa), iSpace (Ghana), Jozi Hub (Johannesburg) and Hypercube Hub (Zimbabwe).

Already, these hubs have started creating real impact by providing tech solutions to challenges in their respective communities.

DOEN Foundation supports companies and entrepreneurial organisations that are strongly focused on creating, developing and implementing innovative initiatives in clear relation to their environment.

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.

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.

You can download the joint press statement announcing the launch of the new fund from the documents box in the right sidebar.