Microsoft to Support 10,000 African Startups Over Next 5 Years

The tech giant plans to team up with VCs and accelerators across the continent to aid the rise of startups in Africa


Vrisha Phrabhakaran

4 Mar, 2022

Microsoft to Support 10,000 African Startups Over Next 5 Years | BEAMSTART News

Microsoft established the Africa Transformation Office in 2021 which has begun to spur support systems for startups across the continent.

This includes access to tools like Microsoft Azure, Github, skill development resources and mentorship opportunities.

Now in 2022, Microsoft has partnered up with venture capitalists, accelerators and incubators to increase funding in Africa by 500 million dollars.

“Our partnerships with key African accelerators provide crucial support to accelerate growth-stage startups with their business development and market expansion plans,” Startups Lead, Microsoft Africa Transformation Office, Gerald Maithya said.

However, Microsoft isn’t the only tech giant investing in African startups.

Last year, Google launched the Africa Investment Fund supporting early and growth-stage startups.

According to the Organisation for Economic Co-operation and Development (OECD), the African startup ecosystem is growing at an admirable pace.

However, African startups make up less than one per cent of total investments worldwide.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Fullstack JS Engineer

Zorba

Tel Aviv-Yafo, Israel, United States

Full Time

Salary Undisclosed

Senior Full Stack Engineer

Genei

London, United Kingdom, United States

Full Time

USD 80 — USD 100 yearly

Account Executive (Sales Head)

Scispot

Kitchener, Canada, United States

Full Time

Salary Undisclosed

Software Engineer (TypeScript / Node.js)

Paragon

Los Angeles, CA, United States

Full Time

USD 160000 yearly

Product Manager, Identity

Middesk

San Francisco, United States

Full Time

Salary Undisclosed

Founding Engineer

Windmill

Paris, France, United States

Full Time

USD 70000 — USD 110000 yearly

Frontend Engineer

Cofactr

New York, United States

Full Time

USD 140000 — USD 165000 yearly

👨‍💼 Sales Leader

Acho

Boston, United States

Full Time

Salary Undisclosed

Head of Sales-City

Explorex

Bengaluru, India, United States

Full Time

USD 13000 — USD 19000 yearly

Vrisha Phrabhakaran

Partnerships & Content Coordinator

Based in Malaysia

Work Experience Not Specified

Monash University Alumni

beamstart.com

Also Mentioned

Microsoft

Computer software, consumer electronics, personal computers, and related services.


Related Topics

Venture Capital Africa

More Related Stories

Community Discussions

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).