MIC establishes incubator in Rwanda

Millicom International Cellular has announced the creation of a tech incubator in Rwanda to develop new digital solutions. The company said the objective is to develop new businesses in which it will take an equity stake.

The incubator, called "Think", will be located in a purpose-built facility in Kigali. It will be the base from which a small number of potential entrepreneurs will be selected by a competitive selection process, application details for which will be announced by the local Tigo operation shortly.

Millicom will provide these entrepreneurs with seed financing, structured training and coaching programmes, access to Tigo technical resources for product testing and trials and support in accessing outside investors and customers.

Last year, Tigo passed the two million subscriber mark having grown by over 25 per cent in 2013 and achieving a 31 per cent market share.