Millicom Opens Tech Incubator in Rwanda
Published on: 31st Mar 2014
Note -- this news article is more than a year old.
Millicom has announced the creation of a tech incubator in Rwanda to develop new digital solutions. The company said tha the objective is to develop new businesses in which it will also take an equity stake.
The incubator, called "think", will be located in a purpose-built facility in Rwanda's capital, Kigali. It will be the base from which a small number of potential entrepreneurs will be selected by a competitive selection process, application details for which will be announced by the local Tigo operation shortly.
Millicom will provide these entrepreneurs with seed financing, structured training and coaching programmes, access to Tigo technical resources for product testing and trials and support in accessing outside investors and customers.
Last year, Tigo passed the two million customers mark having grown by over 25% in 2013 and achieving a 31% market share.