GSMA innovation fund to extend grants to 15 startups in its next round

Photo by Avi Richards on Unsplash

The GSMA Ecosystem Accelerator Innovation Fund, which supports startups in Asia-Pacific and Africa with equity-free grant funding and technical assistance, is looking to select another 15 companies for its third round. Applications for the round are set to open on March 12.

Each of the selected startups receives between £100,000 ($139,000) and £250,000 ($347,500) in funding. The GSMA fund also provides participating startups the opportunity to partner with mobile operators in their markets to help scale their products and services into sustainable businesses with positive socio-economic impact, according to its website.

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