As a component of its implementation of digital solutions to guarantee the country’s digitization, Ethio Telecom announced its Ethiotel Innovation Program.
Beyond its overall attempts to extend and modernize services, the program, which was inaugurated on February 6, 2023, is supposed to empower and support the country’s startup digital finance and technological enterprises and innovators.
“Ethiotel Innovation Program is designed to be implemented in three chapters mainly to address the challenges that any startup businesses would face, such as market penetration, customer attraction and retention. In addition to, acquiring experts and finance and enabling business ideas at conception to be realized as well as allowing existing startups to grow,” the telecommunications firm revealed.
Since the first phase of the program, which will be implemented from February 10 to April 30, 2023, has begun, Ethio Telecom has now invited qualified entrepreneurs to submit applications. This phase of the program is focused on firms that make use of cloud and mobile financial service capability. During this stage of the competition, the top 100 winners will be working to overcome the obstacles they confront, assure their business continuity, and put financial and cloud business concepts into practice right away.
With the help of our technology partner Huawei Technologies, the top 100 winners and companies will also receive professional, expert, financial, and material support as well as funding for trips to China to gain international experience.
Beyond finance and the technology sector, the program will place special attention on the deployment of digital contents, solutions, services, analytics, consumer and business applications of chosen top 150 startup enterprises in its second phase, which will run from March 20 to July 30, 2023.
Beginning in August 2023, the last stage of the innovation program will capitalize on the institutionalization of the ventures and inventions. According to Ethio telecom, in particular, they will build a research and development center, establish a TechHub center, and use the best practices from phases 1 and 2.
