MTN Startup Program

The MTN Startup Program 2019

Applications to the long-awaited MTN Startup Program are now open to interested applicants living in Uganda.

MTN Startup Program

Along with the MTN Open API Challenge, MTN launched a Startup Program to support Early stage startups into growth as they journey to become successful startups. The MTN Startup Program is in most of the cases a Zero Equity Program, meaning that beneficiaries will not be expected to give MTN equity in return.

How it Works

  • Entry to compete to benefit from the MTN Startup Program will be automatic by participating in MTN Challenges.
  • MTN intends to have one or more Innovation challenges annually.
  • Beneficiaries will be selected based on criteria defined by MTN and its Partners for each of the innovation challenges with the best performing being rewarded.

Benefits of MTN Startup Program

  1. Pre-Seed Funding: At the end of an innovation challenge, beneficiary Apps will be those that demonstrate the best potential as per the specific initiative’s judging criteria. Beneficiaries will be selected by a panel of judges. 
  2. Performance-based funding: After Go live via MTN Mobile Money integration, beneficiary Apps for performance-based funding will be selected by MTN based on:
  • The selected set of KPI, including a weighted performance of Number of users, Number of transactions and Total value of transactions.
  • A presentation relevant to the business development process, e.g., Value proposition, commercial plan, B-case over 5 years.
  • Beneficiaries will receive funding as one of the following: Seed Funding, Commercial Plan funding, Co-branded collaboration.

How to Apply

  • Step 1: Click here to access the MTN Challenge Portal
  • Step 2: Sign Up to create your account on the MTN Challenge Portal
  • Step 3: Under Ongoing challenges, Select the “MTN Open API Challenge 2018”
  • Step 4: Register to participate under any of the listed categories:
  • Step 5: Start working on your App.

Deadline: 3rd February 2019

Competition

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