Telecoms company Safaricom through the Safaricom Foundation has established a Kshs 50 million Technology for Good Innovation Fund which would grow social innovation locally.
The fund is aimed at investors in the social innovation field who may need technical and entrepreneurship support to develop and deploy mobile technology solutions. The foundation said the fund will be a transformational fund that will empower young innovators with the potential to deliver significant and impactful solutions that leverage mobile technologies.
“Our overall aim is to enable transformational innovation for young developers who may not have access to the technical support they need to bring their ideas to life. Successful applicants will have to demonstrate that they have viable and sustainable ideas that are commercially viable for them in the long term,” Safaricom Foundation Chairman Joseph Ogutu said.
According to him, application is underway and will end on October 1, 2015 adding that forms are already available on the Safaricom Foundation website.
