Vodacom Tanzania, a leading telecommunications company and a regional subsidiary of global telecoms firm, Vodacom, has partnered with innovation platform, Smart Lab to launch a program aimed at empowering aspiring youth in the country.
The two organizations have officially launched the ‘Vodacom Digital Accelerator’, a program that intends to help early-stage and growth-stage technology startups become profitable and revenue-generating businesses.
The new program, which will run yearly, aims at identifying and supporting startup entrepreneurs in mobile, telecom, fintech, media, health, education, and e-commerce will have three phases which include application, selection and acceleration.
Speaking at the launch event, Vodacom Tanzania’s Managing Director Hisham Hendi said that the partnership between Vodacom Tanzania and Smartcodes is a crucial move towards providing opportunities to startup businesses.
The agreement will achieve this by creating workable business models that will benefit communities, especially scores of youth across the country.
Hendi encouraged more youth to be innovative and take advantage of this opportunity as a path to economic empowerment through solving social developmental issues in their communities.
“Vodacom always aims to create impactful sustainable change in the society where we operate in line with our strategic business focus and, the Vodacom Accelerator aims to do just that,” he added.
He added that as a company which aims at taking Tanzanians into the digital world, Vodacom Tanzania encourages technology-driven ideas that bring sustainable change.
“Digital technology is not only changing the way we do business in Africa but also revolutionizing the way we perceive and solve issues of development. It is therefore with great honor that we will once again create an opportunity for such ideas to be recognized, supported and transformed to maximize social impact,” he said.
“We are excited to be part of the “Vodacom Accelerator” and together with Vodacom we hope to create a brand-building platform for the tech-savvy youth,” commented Smart Codes Chief Executive Officer Edwin Bruno.
“This program is in line with our corporate strategy to drive messaging around youth support in the digital age and we are grateful for Vodacom Tanzania who saw the need to create the next round of success stories for African entrepreneurs building fast-growing technology companies coming from within the country,” said Bruno.