MTN plans innovation hub at Cape Town business school
The MTN Group and the University of Cape Town Graduate School of Business (UCT GSB) have announced a partnership to boost sustainable innovation in Africa. Under the new deal, MTN will invest ZAR 15 million over the next three years in the MTN Solution Space, an innovation hub at the UCT GSB. The collaboration will combine the research strengths of the UCT GSB with MTN's technological expertise and resources to create, amongst others, mobile apps and programmes for educational, medical and economic empowerment, as well as to promote entrepreneurship and small business growth.
The MTN Solution Space has already had successes in helping start-ups gain a foothold in the business world. It is home to social innovators like former UCT GSB MPhil student Francois Petousis who founded Lumkani, a proactive, early-warning fire detection system designed for shack dwellers. The concept won the People's Choice Award at the 2014 Global Social Venture Competition and scooped second place in two separate categories at South Africa's innovation summit.
Source: Telecompaper 23 February 2015