Firm takes over management of African Technology Innovation Hub fund

folarin okunola

May 19, 2016 12:48 PM

With the takeover, Indigo Trust has renamed the initiative ‘The Technology Innovation Hub Fund for Sub-Saharan Africa’.

The Indigo Trust

Media reports confirm that Indigo Trust has taken over the management of a joint hub fund initiative it had with Hivos and Foundation DOEN. It had been part of this group for over two years.

According to Innovation Village, the fund has supported ActivSpaces (Cameroon), Hivecolab (Uganda) and iSpace (Ghana) with core funding and mHub (Malawi) and Sensi (Sierra Leone) with seed funding this year.

With the takeover, Indigo Trust has renamed the initiative ‘The Technology Innovation Hub Fund for Sub-Saharan Africa’. The fund provides core costs to relatively established hubs and seed funding to groups, who aim to grow and strengthen technology communities in country’s or cities where they barely exist.

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"Through providing state-of-the-art facilities, events, mentorship, training and networking opportunities to technology communities across Sub-Saharan Africa, innovation hubs help to grow, upskill and strengthen technology communities and help them connect to important stakeholders like funders and the corporate sector. In the long-term, we believe this will have a catalytic effect on the quality and quantity of projects being devised across the continent," read a statement from the company, according to the Innovation Village report.

In its new role, Indigo will be exploring some programmatic interventions this year to support civic tech innovation coming out of these spaces.

folarin okunola