Microsoft Corporation has unveiled plans to fund internet access in Nigeria by cultivating companies with solutions that bring affordable Internet access to underserved markets.
The selected companies will receive cash awards along with free technology and mentorship from Microsoft to scale solutions that help close the digital divide
The fund is part of Microsoft’s Affordable Access Initiative, which invests in new last-mile access technologies, cloud-based services and applications, and business models that can reduce the cost of Internet access and help more people get online.
A statement from the said that the effort will give internet access to over four billion Nigerians without Internet access adding that the ability to close that gap is more achievable than ever with technology that is readily available and affordable in many parts of the world.,
Executive Vice President of Business Development at Microsoft Peggy Johnson said that through the fund, Microsoft hope to kick-start the entrepreneurial process by identifying promising ideas that it can help nurture, grow and scale.
Under its Affordable Access Initiative, Microsoft partners with Internet access providers and other public and private sector entities on innovative and practical connectivity and services solutions designed to deliver the greatest socio-economic impact to the greatest number of people.
Other efforts underway by Microsoft include the deployment of TV white spaces technology, which repurposes TV frequencies not being used locally to provide affordable, robust Internet access to entire communities. With its partners, Microsoft is currently deploying the technology in 17 countries and five continents.
The software company is also actively engaging in Africa’s economic development to improve its global competitiveness through locally relevant innovation, affordable access and skills development.
Applicants for the fund must be commercial organisations with two or more full-time employees and have a prototype of a working solution and preferably paying customers.
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