The ITC NTF V x VivaTech Challenge for African digital startups (2022)

0 Shares

The ITC NTF V x VivaTech Challenge for African digital startups. In Africa, smartphones remain inaccessible for most of the population since the average cost of a low-end smartphone still exceeds 60% of the average monthly income. 60% of the average monthly income. The ITC NTF V challenge is looking for African startups facilitating access to smartphones and smart feature phones through device financing models.

The ITC NTF V x VivaTech Challenge for African digital startups (2022)

Mobile penetration is key to driving economic growth, connecting the unconnected, and building digital-savvy nations. Despite a growing mobile broadband coverage, more than 520 Million Africans do not enjoy internet services, device affordability is one of the major barriers.

Expected Solutions can vary from but are not limited to:
– Bi and tripartite partnership models to finance smartphones
– Digitized smartphone loans/installment schemes
– Mobile phone lending against services (ride-hailing, etc)
– Buy Now Pay Later models

Scope:
Mobile financing plan, credit, BNPL, Mobile devices lending

Table of Contents show

SELECTION CRITERIA:

Formally registered African digital startup working in the African market, revenues a plus, with a track record in smartphone financing
Well defined and big market size
Strong team with complementary skills and strong managerial and operational experience
Scalable solution
Viable and innovative business model

Benefits for The ITC NTF V x VivaTech Challenge :

Attend VivaTech 2022: sponsor your flight and passes
Get a $5000 cash prize
Connection to the entrepreneurial tech ecosystem in the African country your challenge covers and beyond
Linkages with VCs and industry players from our network