Multichoice has announced the addition of eight new countries to its Africa Accelerator Programme.
According to a Multichoice statement, the countries that will benefit from the program are Ivory Coast, Senegal, Nigeria, Ghana, Kenya, Zambia, Angola, and Ethiopia.
The increase suggests that the 2023 program now opens up possibilities for many more small enterprises in Africa’s technology industry
The program, which began during Global Entrepreneurship Week, aims to give participants the knowledge and exposure needed to secure transformative company finance.
The Multichoice Africa Accelerator Program was successful as it was able to raise $16 million (USD) in funding for six startup companies in the previous year.
MultiChoice Group CEO Calvo Mawela said, “We’re really excited to be expanding the MultiChoice Africa Accelerator Programme to more African countries. It’s part of our long-term commitment to growing and multiplying Africa’s technology potential, which is critical to our future growth
“There is such incredible business talent across Africa, MultiChoice Africa Accelerator is an opportunity for investors and small enterprise to collaborate to multiply the impact of this talent and scale it across Africa.”
Read also: MultiChoice Maintains Margins Despite Content Cost Normalization
Participating Procedures For The Accelerator Programme
The programme concept aims to grow already operating, well-established businesses by bringing in new investors.
Each nation’s public and private sector partners propose enterprises or entrepreneurs for the MultiChoice Africa Accelerator Program, and 29 start-ups begin an intensive virtual training curriculum.
This extensive online training program teaches entrepreneurs how to use the media effectively, promote their ventures to investors, write compelling business plans, and what potential investors seek.
Following the completion of the online training, eleven startups will advance to the final round. In addition, they will participate in a C3 boot camp to learn how to craft their pitch for international investors.
Multichoice Accelerator Programme
The MultiChoice Africa Accelerator Programme is an initiative of the MultiChoice Innovation Fund that was launched in South Africa in the year 2020.
It is a collaboration between the MultiChoice Innovation Fund and the business incubator Companies Creating Change (C3), which is based in Dubai.
This programme provides business owners with access to the tools, skills, and financial support necessary to grow their companies.
Since it was founded, it has been instrumental in the development of twenty new businesses in South Africa
In order to provide even more assistance to the African mission, MultiChoice has formed a partnership with EOH, a company that is in the business of providing technology services.
EOH will contribute their expertise, particularly in the areas of technology consulting, development sprints, and technical support.