Africa 50 Innovation Challenge
ABOUT THE CHALLENGE
Africa50’s Innovation Challenge provides you with an unparalleled opportunity to get your solution in front of our investment team and project funding partners, as well as gain exposure in Africa’s leading tech events.
- Area: The Last Mile
- The Challenge Proposition: “Significantly increase access to affordable and reliable high-speed internet in under-served areas in Africa”
- Pilot Country: Rwanda
Africa50 is looking for the most innovative infrastructure and tech solutions which enable people to connect to the internet in their daily lives, through fixed and mobile devices.
Recent World Bank studies show that an additional 10% Internet penetration can lift GDP by 1-4% in developing countries and that African firms using the Internet are nearly four times as productive per employee as those that do not.
Internet connectivity has a strong multiplier effect on economies as it drives increased exposure to information, innovation, and knowledge, at reduced costs. It enables access to education, health and other social services, as well as employment and job creation opportunities. Internet connectivity also enables small businesses to access international markets and allows new industries to spring up.
Africa is at a crossroads with a range of development needs. Providing the strongest foundation for advanced, inclusive growth, last mile connectivity will enable the continent to leapfrog traditional solutions and unlock the potential of the Fourth Industrial Revolution.
About the Pilot Country
Rwanda has made significant efforts to foster the development of the ICT sector, including creating an enabling policy and legal framework and investment in a national high-speed fibre-optic backbone that spans across the country.
Top reasons to apply:
- Financial Reward: Cash prize and/or potential project development funding
- Investor Connections: Access to B2B matching services to connect with new partners
- Deal Opportunities: Integrate Africa50’s pipeline of bankable projects
- Exposure and Influence: Opportunity to pitch your solution at AfricaCom and Transform Africa, the largest tech events in Africa
- Technical Support: Technical support to improve your project’s investment readiness
- Pan-African Footprint: Opportunity to scale your solution to Africa50’s shareholder countries (27 at present)
14 May 2019
Challenge Launch at Transform Africa Summit in Kigali, Rwanda
14 May to 8 September 2019
8 September to 15 October 2019
12-14 November 2019
Finalists present their solutions at AfricaCom In Cape Town, South Africa
Winner(s) announced at Transform Africa Summit
Who should apply?
The call is open for innovators, engineers, entrepreneurs, ICT experts, individuals or organizations worldwide, to submit their workable solutions for implementation.
Innovations that meet the following criteria will be considered:
- Solutions at pilot and/or post-revenue stage
- Solutions must meet worldwide environmental, social and governance standards.
- Combinations of solutions are encouraged, including technological and deployment models, particularly those that work systemically and unlock a number of barriers to the challenges of last mile connectivity.
- Solutions may include physical infrastructure such as solar powered mobile masts and platforms, TV white-space technology, drones and local micro-nets, as well as innovative rural network deployment models.
- Novel ways of using existing technology and infrastructure, software or social engagement.
- Solutions to related issues such as energy access, supporting uptake and device affordability and usability are also encouraged.
- Solutions that have applicability in locations other than Rwanda are allowed. However, for this competition the solutions will be piloted in Rwanda.
If an entity is considered for potential funding, it should be willing to implement its solution and become a partner in the project that would be piloted in Rwanda.
The winning criteria
An Expert Committee comprised of academic, industry, public policy and finance professionals will assess the extent to which participants meet the following technical and business parameters:
Innovative: Solution is able to address the problem with new/original ideas and methods.
Scalable: Solution is able to address the problem for a large number of users at relatively low cost per new user. It can be expanded nationally and internationally.
Affordable: Solution is economically viable such that industry players and consumers can reasonably access the solution and the cost barrier is not high.
Sustainable: Solution is not only economically viable but also creates shared value for local communities and resolves or at least prevents further disruption of the environment.
Ready to be deployed: Throughout Rwanda within 12 months, meaning that field trials and relevant approvals have been gained, or can be obtained within the timescale.
Modular: is built in such a way that its constituent parts can function on their own or be assembled in different ways in order to meet diverse user needs. It can be plugged into various stages of the internet-connectivity value chain.
Africa50 is an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, catalyzing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact.
Africa50’s investor base is currently composed of 27 African countries, the African Development Bank, the Central Bank of West African States (BCEAO), and Bank Al-Maghrib, with over $870 million in committed capital.
For more information, visit: africa50.com