In collaboration with The BRIDGE, founder Efosa Obano and the African Impact Initiative have pledged CAD$50,000 to create an accelerator fund, which was matched dollar-for-dollar by the University of Toronto’s True Blue Fund, for a total investment of CAD$100,000 to bolster entrepreneurship in several African countries. Over the course of five years, the grant supports the African Impact Challenge, a joint project between African Impact Initiative and The BRIDGE, to partner with local entrepreneurs who are committed to driving social development and long-term economic growth in their home countries—beginning with the Ghana Challenge (2020), then Kenya (2021), then three other host nations—and to provide selected start-ups with systems infrastructure (e.g. reliable internet connection), operational support, and strategic counsel to help them build and deploy their solutions.
Read the full story here: “We’re taking it to the next level”: U of T Scarborough alumnus on empowering African youth innovators through impact entrepreneurship